Tag: funding

Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device

The San Antonio medical device company Renovo Concepts announced the completion of its $6.4 million Series A preferred stock fundraising round Thursday. Renovo is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain (TBI) with its Mechanical Tissue Resuscitation (MTR) device.The round was oversubscribed, as the company raised approximately $6.4 million in new money on a stated $6 million offering. Proceeds from this funding round are being used primarily to fund product development, initial manufacturing, and safety human clinical trials. The funds will enable Renovo to get its device through the testing evaluations required by the U.S. Food and Drug Administration. After that point, Renovo will then pursue clinical trial...
FoodTech Startup Grain4Grain Raises $775K, Joins Food Innovation Fund
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FoodTech Startup Grain4Grain Raises $775K, Joins Food Innovation Fund

Food tech startup Grain4Grain has raised $775,000 in pre-seed equity funding from the Kroger Co. Foundation and Village Capital, Broadway Bank, and existing Texas-based private investors who supported the startup in their angel round. On Thursday, the Kroger Co. Zero Hunger | Zero Waste Foundation announced its second Innovation Fund cohort of startups to receive funding for innovative new consumer products made with surplus food or food byproducts and technologies that advance the upcycled food industry. In collaboration with Village Capital, the largest supporter of impact-driven, seed-stage startups globally, the Foundation selected the San Antonio-based Grain4Grain as one of 10 Fund participants from a pool of more than 145 applicants.As craft beer brewing grows in popularity, ...
Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device

Head injuries — whether from a fall, car accident, during sports, or on the battlefield — can happen to anyone at any time, causing a traumatic brain injury (TBI). According to the National Institute of Neurological Disorders and Stroke, little can be done to reverse the initial brain damage caused by swelling after head trauma.That's why one San Antonio medical device company is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain. Renovo Concepts is commercializing its Mechanical Tissue Resuscitation (MTR) device.Surgeons use the device to prevent the secondary impacts from reduced blood flow and tissue death caused by inflammation in cases of severe traumatic injuries to the brain, heart, and spine. The Mechanical ...
Plus One Robotics Raises $33M for Expansion into Global Markets
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Plus One Robotics Raises $33M for Expansion into Global Markets

Plus One Robotics, a San Antonio-based leading provider of vision software for logistics robots, closed a $33 million Series B funding round Tuesday. The funding will support Plus One’s ongoing expansion in the U.S. and Europe and product development driven by the global boom in e-commerce.McRock Capital, an industrial Internet of Things (IoT) fund and early-stage Silicon Valley venture capital firm TransLink Ventures, co-led the round. Existing investors joined automotive industry-focused BMW i Ventures and Kensington Capital Partners, along with innovation investors Perot Jain and Ironspring Ventures, to participate in the Series B round.Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join Plus One's Board of Directors.The fundraising started just before t...