BioPoly raises $2M in its 1st round of equity financing

BioPoly LLC, a Schwartz Biomedical subsidiary, has raised more than $2M in its first round of equity financing. This capital will be used to complete product development and initiate launch of its first orthopaedic products into the market.

 Although, this capital represents the first round of equity financing, initial support for this venture was provided by nearly $4M from two Indiana 21 Fund grants and other internal funding sources. The BioPoly™ team along with the collaborative efforts of Colorado State University and the Northeast Indiana Innovation Center has been developing a family ...