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Denovo Secures ?1.96 Crore in Funding led by Campus Angels Network
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....enovo Secures ?1.96 Crore in Funding led by Campus Angels Network <br>PTI News<br>Dated:- 8-1-2025<br>PTI<BR>Chennai, India – January 8, 2025 – Denovo Bioinnovations Pvt. Ltd., an R&D-driven, IP-backed deep-tech company specializing in advanced wound closure and handheld surgical robotics, has raised ?1.96 Crore in its latest funding round led by Campus Angels Network. This funding will propel....
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.... Denovo’s efforts in product development, clinical validation, regulatory approvals, and to be ready for the commercialization of the products. Founded in 2020 by Dr. Nikhil Mamoria, a doctor-turned-innovator, Denovo is at the forefront of surgical innovation. Its flagship products, SutureSure®, India’s first automated suturing system, and LapSure®, an advanced laparoscopic suturing tool, ....
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....are powered by the proprietary SmartStitch Technology. These groundbreaking solutions simplify complex wound closure processes, making surgeries faster, safer, and more precise. Denovo holds a robust IP portfolio, including 2 granted patents and 9 pending patents across India, the USA, Europe, and other regions. Denovo’s approach leverages a unique "razor-razor blade" revenue model, combining ....
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....reusable devices with disposable cartridges to create a sustainable and scalable business framework. The company is targeting a global Total Addressable Market (TAM) of $36 billion, with a Serviceable Obtainable Market (SOM) of $400 million. Leadership Insights Dr. Nikhil Mamoria, Founder and CEO of Denovo, remarked, "This funding marks a significant milestone in our mission to revolutionize sur....
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....gical care. With the support of Campus Angels Network and our investors, we are poised to bring our cutting-edge solutions to market, addressing critical challenges faced by surgeons and improving patient outcomes." Chandran Krishnan, Managing Director & CEO of Campus Angels Network, commented, "Denovo’s innovative technologies align perfectly with our mission to support transformative startups.....
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.... Their focus on advanced wound closure and surgical robotics holds immense potential to redefine surgical care globally. We are excited to partner with Denovo in their journey toward creating a lasting impact in healthcare." Driving Innovation in Surgical Care This funding will enable Denovo to accelerate its go-to-market plans, complete pre-clinical and clinical studies, and achieve key regulator....
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....y approvals. By leveraging strong partnerships with medical professionals and institutions, Denovo is well-positioned to scale its solutions, making surgeries safer and more efficient worldwide. As a pioneer in India’s surgical robotics space, Denovo is poised to lead the next wave of healthcare innovation. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and P....
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....TI takes no editorial responsibility for the same.). PTI PWR PWR<BR> News - Press release - PIB ....