What does Auxilium Health do?
Auxilium Health is a Cleveland-based company developing advanced biomaterials designed to accelerate skin tissue regeneration and improve infection management. Their innovative platform, stemming from pioneering polymer research at the University of Akron, targets a significant need in the healthcare and biotechnology sectors.
How much did they raise?
The company raised $1.5M in Pre-Seed funding, complemented by a $275K grant from the National Science Foundation. Although the identities of the lead and participant investors were not disclosed, the combined investment underscores strong support from both private and public funding sources.
What are their plans for the money?
With the raised funds, Auxilium Health plans to expand its operations and ramp up research and development efforts. This investment is expected to further propel advancements in biomaterials technology, potentially transforming approaches to skin tissue regeneration and infection management.
What have they achieved so far?
Auxilium Health has already garnered national and international interest for its cutting-edge biomaterial platform, a testament to its innovative polymer research and early traction within the healthcare and biotechnology communities.
