IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Health & Bio

MedTech Startup Axio Biosolutions Raises $6 Million in Series B2 Funding

IndiaTechDesk Editor by IndiaTechDesk Editor
July 27, 2021
in Health & Bio
57 1
0
MedTech Startup Axio Biosolutions Raises $6 Million in Series B2 Funding

Axio plans to build out its commercial presence in the US and EU and strengthen its India operations.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Axio Biosolutions, a MedTech company, announced a $6 million Series B2 equity raise led by TrueScale Capital, with participation from existing investors Omidyar Network India, University of California–Ratan Tata Fund, and Accel.

Axio Biosolutions Private Limited, India, a wholly-owned subsidiary of Boston-based Advamedica Inc, is a hemostatic and advanced wound care product developer. Sameer Nath, Managing Partner at TrueScale Capital, will join Axio’s board of directors. Before this round, Axio has raised capital from Accel, Chiratae Ventures, University of California–Ratan Tata Fund and Omidyar Network India.

Sameer Nath, Managing Partner, TrueScale Capital, said, “We have been impressed by Axio’s research and development capability along with their capital efficiency in building out an intellectual property-led, world-class MedTech company. As the first investment from our fund, we are delighted to back Leo and the team.”

With this round of funding, Axio has raised over $20 million to date and plans to build out its commercial presence in the US and EU and strengthen its India operations. The company is well-positioned to grow in developed markets on the back of its intellectual property, regulatory approvals and clinical data, it said in a statement.

Leo Mavely, Founder and CEO, Axio Biosolutions, said, “We have plans to explore new markets and introduce additional products. This Series B2 raise advances these plans, helping us to grow in developed markets and expand our roster of regulatorily approved products.”

Axio Biosolutions is a deep-science medical technology company with extensive expertise in biomaterials-based medical devices for pre-hospital, intra-operative and post-operative clinical needs. The company’s focus is on devices for the management of trauma, surgical and chronic wounds.

It brings together biomaterial’s expertise with the contemporary knowledge of medicine and engineering to design novel solutions for managing trauma, surgical and chronic-infectious wounds.

Badri Pillapakkam, Partner, Omidyar Network India, said, “We first invested in Axio in 2019. The pandemic has accelerated the company’s plans to serve smaller hospitals or clinics and enter the direct-to-consumer space, particularly with its new range of products, aligned with our mission to make quality wound care products affordable and accessible to all.”

Tags: hemostaticinvestmentsMedTechStartup Funding
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

MediBuddy, digital healthcare startup
Health & Bio

MediBuddy Secures $18 Million Funding to Propel Global Healthcare Expansion

August 31, 2023
Digital Health Startup Mykare Health Raises $2.01 Million in Seed Funding
Health & Bio

Digital Health Startup Mykare Health Raises $2.01 Million in Seed Funding

June 19, 2023
Tricog Health Bags $8.5 million in Series B2 Funding Round
Health & Bio

Tricog Health Bags $8.5 million in Series B2 Funding Round

April 20, 2023
Drones to Deliver Biomedical Supplies in Bengaluru Soon
Health & Bio

Drones to Deliver Biomedical Supplies in Bengaluru Soon

February 17, 2023
Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion
Education

Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion

January 9, 2023
The Whole Truth Raises $11 million in Series B Funding Round
Health & Bio

The Whole Truth Raises $11 million in Series B Funding Round

December 29, 2022
No Result
View All Result

Trending Posts

  • Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    by MinSeptember 21, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In