Axonia Medical Obtains $2,000,000 Seed Financing

  • Feed Type
  • Date
    5/11/2012
  • Company Name
    Axonia Medical
  • Mailing Address
    4321 Roxbury Lane Kalamazoo, MI 49008
  • Company Description
    The concept of Axonia’s technology, which is spun out of the University of Pennsylvania, hinges on the production of axons, the long thin parts of nerve cells that carry signals to distant target cells. Unlike other regenerative treatments in development, Axonia’s method doesn’t involve stem cells.
  • Website
    http://www.axoniamedical.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    Axonia Medical will use the seed funding to accelerate development of its lead product for peripheral nerve injury following traumatic injury and tumor resection, areas of significant unmet medical need due to the ineffectiveness and limited utility of current standards of care.
  • M&A Terms
  • Venture Investor
    Southwestern Michigan First Life Science Venture Fund
  • Venture Investor
    Ann Arbor SPARK
  • Venture Investor
    Western Michigan University Research Foundation
  • Venture Investor
    Biosciences Research and Commercialization Center

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