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§ Private Profile · PLOT NO 18, GUJARAT PHARMA TECHNO PARK SARI-MOTODA, TA: SANAND, AHMEDABAD, 382220, India
Medical technology company developing chitosan-based hemostatic dressings and wound care for global healthcare.
Bengaluru, India-based Axio Biosolutions develops advanced wound care and bleeding control medical devices, primarily utilizing proprietary chitosan-based biomaterials to manufacture surgical haemostatic dressings. The enterprise operates a primary manufacturing facility in Ahmedabad with an annual production capacity exceeding 800,000 units, while maintaining a workforce of 80 employees across additional corporate offices in Boston and the United Arab Emirates. Its flagship clinical products, including Axiostat and MaxioCel, have shipped over 1.5 million units to hospital networks, emergency medical services, and the Indian defence forces across more than 50 countries worldwide. Axio Biosolutions has secured over $20 million in total venture funding, including a $7.4 million Series B round, backed by institutional investors including Accel, Omidyar Network India, TrueScale Capital, and the UC-RNT Fund. The medical technology organization was founded in 2008 by bioengineer Leo Mavely and Ashish Hitendrabhai Pandya.
Axio Biosolutions has raised $20.0M across 4 funding rounds.
Axio Biosolutions has raised $20.0M in total across 4 funding rounds.
Axio Biosolutions has raised $20.0M across 4 funding rounds. Most recently, it raised $6.0M Series B in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 27, 2021 | $6M Series B | Sameer Nath | Accel, Omidyar Network India, University OF California | Announced |
| Jan 1, 2020 | $5M Series B | Badri Pillapakkam | Accel, Chiratae Ventures, University OF California | Announced |
| Jan 1, 2018 | $7M Series B | Ratan Tata | Accel | Announced |
| May 1, 2016 | $2M Series A | — | Accel | Announced |
Axio Biosolutions is a deep-science medical technology company specializing in biomaterials-based devices for bleeding control and advanced wound care, serving pre-hospital, intra-operative, post-operative, and chronic wound management needs.[1][2][3][5] Its flagship products include Axiostat, a US FDA 510(k)-cleared and CE-approved hemostatic dressing that stops moderate to severe bleeding instantly via a charge-based mechanism, and MaxioCel, a bioactive microfiber dressing for chronic wounds like diabetic foot ulcers, pressure sores, and surgical site infections, promoting exudate management, pain reduction, and scarless healing.[1][2][3][5] The company addresses critical gaps in traditional wound treatments—such as slow bleeding control and poor chronic wound healing—by offering affordable, effective solutions used by defense forces, hospitals, and in disaster relief, with manufacturing in a GMP-certified facility producing over a million units annually.[1][3][4]
Axio serves healthcare professionals, military personnel, trauma victims, and patients with chronic conditions, operating from Ahmedabad, Gujarat, with 140 employees and strong growth momentum evidenced by $7.4 million in Series B funding in 2023 from UC-RNT for global expansion.[3][4]
Founded in 2008 by Leo Mavely in Ahmedabad, Gujarat, Axio Biosolutions emerged from a recognition of unmet needs in wound care and surgical bleeding control, particularly in severe trauma and chronic wounds like diabetic ulcers where traditional dressings fail.[1][2] Mavely, leveraging expertise in biomaterials, medicine, and engineering, built the company to pioneer chitosan-based innovations, starting with R&D in Gujarat Pharma Techno Park.[1][4] Early traction came from developing Axiostat, India's first US FDA-approved hemostat, which gained adoption by global defense forces and marked a pivotal moment as the first Indian novel haemostat for moderate to severe bleeding.[2][3][4] The company evolved from a startup to India's leading medtech player in this niche, expanding to MaxioCel and scaling production in an ISO 13485-certified facility.[1][3]
Axio rides the global surge in medtech biomaterials and advanced wound care, a market driven by rising chronic wounds (e.g., diabetes-related ulcers affecting millions), trauma from conflicts/disasters, and demand for rapid, infection-preventing solutions post-COVID.[1][5] Timing aligns with "Make in India" initiatives boosting local manufacturing, reducing import reliance on high-cost Western haemostats, and enabling affordable access in emerging markets.[4] Favorable forces include aging populations, military modernization, and biotech advancements in chitosan (natural, biocompatible polysaccharide), positioning Axio to disrupt a fragmented industry as the world's largest chitosan medical sponge producer.[1][4] It influences the ecosystem by validating Indian medtech innovation, partnering with healthcare pros, and expanding to oncology/disaster relief, fostering scalable, life-saving tech transfer.[2][5]
Axio's trajectory points to aggressive global scaling, building on 2023 funding for new products, market penetration in defense/emergency sectors, and R&D in oncology/pressure ulcer solutions.[4][5] Trends like AI-integrated wound monitoring, personalized biomaterials, and rising Asia-Pacific medtech demand (fueled by diabetes epidemics) will propel growth, with low default risk (2.3% 1-year probability) signaling stability.[4] Its influence may evolve from niche innovator to category leader, exporting "India-made" haemostats worldwide and redefining accessible trauma care—proving biomaterials can bridge critical healthcare gaps one life saved at a time.[1][3]
Axio Biosolutions has raised $20.0M in total across 4 funding rounds.
Axio Biosolutions's investors include Sameer Nath, Accel, Omidyar Network India, University of California, Badri Pillapakkam, Chiratae Ventures, Ratan Tata.