Tech Company Financing Transactions
Solenic Medical Funding Round
Solenic Medical, based in Addison, secured $5.1 million in funding from Johnson & Johnson Innovation, Highpoint Ventures and Shangbay Capital.
Transaction Overview
Company Name
Announced On
6/20/2023
Transaction Type
Venture Equity
Amount
$5,100,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its R&D sector.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
4275 Kellway Circle 146
Addison, TX 75001
USA
Addison, TX 75001
USA
Phone
Website
Email Address
Overview
Solenic Medical, Inc. is a medical device company developing an innovative non-invasive treatment for infected metallic implants in the body. Using technology invented at the University of Texas Southwestern, Solenic is leveraging the unique properties of alternating magnetic fields (AMF) generated by external coils to eradicate biofilm on the surface of medical implants.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Lancaster
Chief Medical Officer
David Greenberg
Chief Technical Officer
Rajiv Chopra
Co-Founder
Robert Goforth
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We do our best to report on all VC transactions involving tech companies. All VC database entries on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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