Wound management firm Fibroheal raises debt funding from BIRAC

Fibroheal Woundcare has raised venture debt funding of about USD 1 million (about INR 7 crore) from Biotechnology Industry Research Assistance Council (BIRAC) under its PCP Fund (Product Commercialisation Fund) and the existing promoters and investors. The company intends to scale up its go-to-market capabilities, recruit more people on board and create an impact through the economic multiplier potential of silk protein and healing different types of acute, chronic, non-healing, slow healing, difficult-to-heal wounds including post-operative wounds.