Fibroheal Woundcare raises Rs 6.3 Cr in pre-Series A

Fibroheal Woundcare secured ₹6.3 crore in its pre-Series A funding round. The investment came from promoters and new investors, including medical professionals. Key investors have also committed to additional funding of ₹10 crore.

The funds will drive startup’s expansion and strengthen its go-to-market strategy. The company aims to recruit more staff and develop innovative medical devices. This marks a significant step towards revolutionising wound care using silk proteins.

Why Take the Business to New Heights Using Effective Wound Care Products?

Fibroheal was founded in 2017 and offers biomaterial based on silk for treating wounds. Its products help to control acute, chronic, and traumatic wounds effectively. The products include; foams, powders, and meshes for diverse Wound care.

Products of Fibroheal are utilised in serving over 500 healthcare facilities in 19 states in the country of India. The startup has also ensured that it sells its products on various e-commerce platforms. These solutions target hard to manage ulcers such as pressure ulcers and post surgery infections.

Strong Focus on Research and Patented Innovations

Fibroheal holds eight patents, with several others currently under development. To drive innovation, the company collaborates with leading research institutions. A joint project with IISc Bangalore led to the creation of Fibroplug.

Fibroplug, a hemostatic product, has treated 3,000 bleeding cases in 4 months. This collaboration highlights Fibroheal’s dedication to translating research into impactful solutions. The company bridges academia and industry to deliver cutting-edge medical devices.

Investors Back Fibroheal’s Promising Future

Fibroheal’s funding round attracted leading surgeons, bankers, and medical professionals. Bharat Tandon, co-founder, emphasised the potential of silk proteins in healthcare. He stated, “Fibroheal’s innovative pipeline is highly valuable with great commercial potential.”

Dr KK Narayanan, a serial entrepreneur, praised Fibroheal’s differentiated approach to wound care. He noted, “Fibroheal combines unique technology with strong leadership to drive significant growth.”

Joseph J Thomas, an experienced investor, sees exponential growth opportunities in healthcare. He said, “Fibroheal’s cutting-edge technology positions it as a promising industry leader.”

Dr Abhishek Vijaykumar, a renowned surgeon, lauded the clinical outcomes of Fibroheal’s products. He added, “Their solutions deliver excellent results at lower costs than imported alternatives.”

Positioned to Revolutionise Wound Care Globally

Fibroheal continues to innovate, scale operations, and expand its product portfolio. Early backers like KITVEN Fund remain confident in the company’s growth potential. Harikrishnan PV, CEO of KITVEN Fund, stated, “Fibroheal’s innovations will create global impact with sustained efforts.”

Its silk-based biomaterials promise to redefine healing solutions worldwide.

Conclusion

Fibroheal Woundcare is on the right track of changing the wound care sector by raising ₹6.3 crore in funding. The Wound Care Company offers silk-based biomaterials, conducts extensive research, and has a rich portfolio of products that meet various wound healing requirements. Fibroheal has dedicated investors and a group of knowledgeable market players on its side and can expand significantly.

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23 FAQs about Fibroheal Woundcare

General Information

1. What is Fibroheal Woundcare?
   Fibroheal Woundcare is a company that makes special bandages and dressings using silk proteins to help heal wounds.
2. When did the startup launched?
   Fibroheal Woundcare was started in April 2017 by Vivek Mishra, Bharat Tandon, and S Subramanian.
3. Where is Fibroheal Woundcare based?
   Fibroheal Woundcare is based in Bengaluru, Karnataka.

Products and Technology

4. What are Fibroheal’s products made of?
   Fibroheal’s products are made from silk proteins, specifically from the fibroin in silk.
5. What types of products does Fibroheal offer?
   Fibroheal offers a range of products including sheets, mesh, foams, powders, and particles for wound care.
6. What is the new range of products?
   Fibroheal has recently launched new products like “D Fibroheal Suturedress” and “D Fibroheal Scarlite” for post-operative wound care and wound closure.
7. How do Fibroheal’s products help in wound healing?
   Fibroheal’s products have anti-inflammatory and pro-angiogenic properties that help wounds heal faster and better.
8. Are Fibroheal’s products affordable?
   Yes, Fibroheal’s products are 40% cheaper than other imported wound care products.

Research and Innovation

9. Does Fibroheal collaborate with any research institutions?
   Yes, Fibroheal works closely with institutions like IISc and IITs to develop new products.
10. What is Fibroplug, and how does it work?
    Fibroplug is a hemostatic product developed by Fibroheal that helps stop bleeding quickly and has treated over 3,000 bleeding cases in four months.
11. How does Fibroheal use broken silk cocoons?
    Fibroheal uses broken silk cocoons, which are otherwise discarded by the textile industry, to make their wound care products.

Clinical Impact

12. How effective are Fibroheal’s products in healing wounds?
    Fibroheal’s products heal wounds faster, often within 8-10 days, compared to traditional dressings which take 18-21 days.
13. Do Fibroheal’s products reduce pain during wound healing?
    Fibroheal’s products reduce post-operative pain and make dressing removal less painful.
14. Where are the products used?
    Fibroheal’s products are used by over 500 hospitals across 19 states in India.

Recent News

15. What is the recent funding news about Fibroheal?
    Fibroheal recently raised ₹6.3 crore in a pre-Series A funding round and has commitments for an additional ₹10 crore.
16. How will Fibroheal use the new funding?
    Fibroheal will use the funding to expand operations, recruit more staff, and develop innovative medical devices.
17. What new products has Fibroheal launched recently?
    Fibroheal has launched a new range of post-operative wound care and wound closure dressings using silk proteins.

Market and Availability

18. Where can I buy Fibroheal’s products?
    Fibroheal makes its products available in many hospitals and sells them on various e-commerce platforms.
19. Are Fibroheal’s products accessible to everyone?
    Fibroheal designs its products to be affordable and accessible to a wide range of people.

Benefits to Farmers and Community

20. How does Fibroheal benefit silk farmers?
    Fibroheal uses the by-products of silk production, which helps in enhancing farmers’ income and improving the economics of silk production in India.
21. Does Fibroheal create employment opportunities?
    Yes, Fibroheal creates employment opportunities for many people, including those involved in sourcing and manufacturing.

Safety and Biocompatibility

22. Are Fibroheal’s products safe to use?
    Yes, Fibroheal’s products are highly biocompatible and biodegradable, making them safe for use.

Application and Usage

23. How do I apply Fibroheal’s wound dressings?
The dressings are easy to apply and stay in place well, reducing the need for frequent changes..

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