Fibroheal gets follow-on investment from Karnataka’s VC fund

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.

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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