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Tie Boston-Led Tie Global Angels Invests $1.34 Million As Part Of A $20 Million Investment Round In Sealonix

Jun 09, 2023•about 2 years ago

Amount Raised

$1.34 Million

Round Type

seed

BedfordOther

Investors

Ti E Boston LedVijay Menon Ti E Global+1RejoniInstyllaAugmenixSealonix, Inc.Sealonix, IncMyank JainYash ShahJoe FalcaoSatish BhatVenky VenkataramaniAlok PrasadThe ChairTi ESealonix CeoAmar SawhneySealonixJ2 VenturesIyengar CapitalSparta GroupAmed VenturesExcelestar VenturesTi E So Cal AngelsTi E Angels Silicon ValleyTi E Boston AngelsTi E Global AngelsTi E BostonGlobal AngelsAmar Sawhney Alok Prasad Ti E

Description

TiE Global Angels, led by TiE Boston Angels chapter with participation from TiE Angels Silicon Valley and TiE SoCal Angels, invests $1.395M in a $20M Series A financing round in Sealonix, Inc. The round was led by Excelestar Ventures with participation from AMED Ventures, Sparta Group, Iyengar Capital, and J2 Ventures.

Company Information

Company

Sealonix

Location

201 BURLINGTON ROAD

Bedford, Pennsylvania, United States

About

Sealonix, Inc. is a privately held company based in Bedford, MA focused on the development and commercialization of hemostatic sealants using its proprietary biomaterials. The company, founded in January 2023, is the latest by serial entrepreneur Amar Sawhney who also founded Confluent Surgical, Ocular Therapeutix, Augmenix,, Instylla, and Rejoni among others. More information about Sealonix can be found at http://www.sealonix.com.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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