Tech Company Financing Transactions
Axoft Funding Round
Axoft closed a $8 million Seed financing round on 10/19/2022. Investors included The Engine, AB Initio Capital Management and AIBasis Fund.
Transaction Overview
Company Name
Announced On
10/19/2022
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Seed
Investors
Proceeds Purpose
The fundraising will help to finance pre-clinical studies with the FDA and to scale up prototypes of Axoft's neural implants "as soft as the brain." The implants are intended to help people who suffer from conditions like cerebral palsy. Axoft was formed in 2021 out of Harvard University and is now based in Cambridge, Massachusetts.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
501 Massachusetts Ave
Cambridge, MA MA
USA
Cambridge, MA MA
USA
Phone
Undisclosed
Website
Email Address
Overview
Axoft's bioinspired, scalable implant promotes long-term communication with the nervous system -- transforming clinical outcomes, individual health, and the human experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Floch
Chief Technical Officer
Tianyang Ye
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