Solenic Medical is a medical device company that develops a non-invasive treatment for infected metallic implants in the body.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: College Station
State: Texas
Zip:
Country: United States
Solenic Medical, a medical device company that develops a non-invasive treatment for infected metallic implants in the body. The company leverages the properties of alternating magnetic fields (AMF) generated from external coils to eradicate biofilm on the surface of medical implants. This non-invasive treatment addresses a major complication of various surgeries, such as knee and hip replacements, as well as in trauma-related implants such as plates and rods. Its AMF technology has the potential to completely replace the very expensive and risky two-step revision surgical procedure, which is the current standard of care for chronic infections on medical implants. Rajiv Chopra and David Greenberg founded it in College Station, Texas in 2019.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2020 | Seed Round | 1 | $610k |
VIC Technology Venture Development VIC Technology Venture Development |
5/2021 | Grant | 1 | $2k |
Texas A&a;M New Ventures Competition Texas A&a;M New Ventures Competition |
1/2021 | Series A | - | 12/2022 | Venture Round | $3.7M | 10/2020 | Non Equity Assistance | 1 | - |
MassChallenge MassChallenge |
8/2020 | Grant | 1 | $1.3M |
National Institutes of Health National Institutes of Health |
3/2019 | Pre Seed Round | 1 | $250k |
VIC Technology Venture Development VIC Technology Venture Development |
1/2021 | Series A | - | 10/2020 | Non Equity Assistance | 1 | - |
MassChallenge MassChallenge |
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