Fibroheal Woundcare Raises Rs 6.3 Cr In Pre Series A Funding

Healthtech startup Fibroheal Woundcare has raised ₹6.3 crore in a pre-Series A funding round.The funds came from its promoters and new investors,including top surgeons, medical experts, and bankers.

The company has also secured an additional ₹10 crore commitment from existing and new investors. 

Purpose of fund raising

The proceeds will be used to expand its market presence, hire more staff, develop new medical device products, and leverage the economic potential of silk and other biomaterials.

Bharat Tandon, Co-founder of Fibroheal, said, “Congratulations Vivek and whole team of Fibroheal on successful closure of your Pre Series A Fundraise. As earliest backer of Fibroheal which is pioneer in medical application of Silk Proteins, I am happy to have lead this round because I believe the product pipeline which the R&D team is working on is robust and extremely valuable with great potential, Good luck to the entire team.”

KK Narayanan, said, “Woundcare is a fast-growing segment of the health and wellness sector. Fibroheal is poised to become a major player in this sector with a differentiated technology based on ‘Natural Silk’, a committed leadership and a competent team.” 

In September 2021, Fibroheal Woundcare raised funds from its existing promoters, Telama Investments, CCAMP, and KITVEN.

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About Fibroheal Woundcare

Bangalore-based Fibroheal Woundcare, founded in April 2017 by Vivek Mishra, Bharat Tandon, and S Subramanian, is a biotech and healthcare startup. It focuses on advanced wound care and tissue reconstruction, using innovative biomaterials like silk for different types and stages of wounds.

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The firm's products, such as foams, mesh, and powders, are designed to treat various wounds, including acute, chronic, traumatic, post-operative, non-healing, or hard-to-heal wounds like bedsores and infected C-section wounds.

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