Fibroheal Woundcare, a Bengaluru-based biotechnology startup that successfully commercialized silk protein-based wound management solutions for acute, chronic, traumatic and post operative wounds has received a follow-on funding from the Karnataka Government’s venture fund Kitven.
Kitven has invested Rs 2.25 crore in the follow-on round after a similar investment in the first round as well, the venture fund CEO AR Jayakumar told ET.
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The company will use the fund to enhance its delivery capabilities, scale up its manufacturing ability to respond to increase in demand from the market, he added.
The company has a range of products including adhesive dressings, powder, particle, foam, gel, spray, port closure dressings etc.
The startup, started four years ago, is helmed by entrepreneurs Vivek Mishra,
Bharat Tandon and S Surbramanian with a focus on research-driven comprehensive wound management products.
The company was one of the winners of the Elevate-100 programme, Karnataka’s flagship idea2PoC programme, steered by the IT/BT department.
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