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Healionics: biomaterial developer creating medical devices for vascular access and implants, focused on preventing occlusion and infection.
Healionics, based in Seattle, WA, develops advanced biomaterials, primarily the STAR material, to create medical devices that resist occlusion and infection for better compatibility with the body. Their lead product, STARgraft, is a synthetic vascular graft providing safer bloodstream access for dialysis patients. The technology originated from University of Washington research, funded by $30 million in NIH grants, and has applications in other implants like STARport and glaucoma devices. The company, which has 8 employees, raised $3.8 million in 2019 to advance its STARgraft toward human trials. Mike Connolly serves as CEO, and the technology co-inventor is Buddy Ratner, with a spinout, iSTAR Medical, showing promising glaucoma trial results. Healionics was founded in March 2007 by Robert Brown, Max Maginness, Andrew Marshall, and Buddy Ratner.
Healionics has raised $17.9M across 5 funding rounds.
Healionics has raised $17.9M in total across 5 funding rounds.
Healionics has raised $17.9M in total across 5 funding rounds.
Healionics's investors include National Heart, Lung, and Blood Institute, Keiretsu Capital, Alliance of Angels.
Healionics is a Seattle-based clinical-stage medtech company developing innovative biomaterials to improve vascular access for dialysis patients with kidney failure. Its lead product, STARgraft, is a vascular graft (artificial blood vessel) that resists occlusion and infection—common failure modes of existing grafts—leveraging the proprietary STAR® (Sphere Templated Angiogenic Regeneration) biomaterial platform, which promotes tissue integration and prevents scarring.[1][2][4] Healionics serves dialysis patients and providers, solving the high failure rates (due to clotting and infections) that lead to repeated interventions, higher costs, and reduced quality of life; STARgraft has FDA Breakthrough Device designation and positive 12-month human trial results as of August 2024, with the company having raised $10.3M total funding (including a $5.5M round) and 33 patents issued or pending.[1][2][4]
Healionics emerged from pioneering biomaterials research, with its core STAR material invented at the University of Washington—a hub for dialysis innovation including early vascular access devices and outpatient centers.[2][3] The company, founded around 2007-2008 in Seattle, began as a supplier of biocompatible materials to medical device makers, drawing analogies to "the Gore-Tex™ of biomaterials" for its versatility across applications like canine glaucoma treatments and glucose sensors.[3] Key early figure Vince Brown highlighted its disruptive potential in a 2008 interview, noting impressive animal study results and multiple research agreements; pivotal moments include completing a first human study for STARgraft and securing FDA Breakthrough status, fueling equity raises for FDA clearance and launch.[1][3][4]
Healionics rides the wave of advanced biomaterials in medtech, targeting the $100B+ dialysis market strained by aging populations and end-stage renal disease prevalence, where 90% of vascular grafts fail within years due to thrombosis or infection.[2] Timing aligns with FDA's push for breakthrough innovations amid rising healthcare costs and post-pandemic device shortages; market tailwinds include demand for durable implants reducing hospitalizations (U.S. dialysis access revisions cost billions annually).[1][2][4] By enabling reliable vascular access, Healionics influences nephrology and beyond, potentially expanding STAR to cardiovascular stents or neural implants, fostering a shift from reactive failure-prone devices to regenerative ones in the growing $50B biomaterials sector.[3]
Healionics is poised for commercialization post-FDA clearance, with ongoing trials and funding supporting STARgraft market launch potentially in 2025-2026, alongside pipeline expansions into high-need areas like sensors and ophthalmology.[1][4] Trends like AI-optimized tissue engineering and value-based care will amplify its edge, evolving its role from dialysis specialist to biomaterials platform leader—much like Gore-Tex transformed multiple industries—driving safer implants that extend lives and cut costs.[3] Investors eye its clinical momentum as a medtech breakout in an underserved renal space.[1][2]
Healionics has raised $17.9M across 5 funding rounds. Most recently, it raised $1.3M Grant in May 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 10, 2024 | $1.3M Grant | National Heart, Lung, and Blood Institute | |
| Feb 22, 2024 | $5.5M Series A | Keiretsu Capital | |
| May 13, 2021 | $4.7M Other Equity | Keiretsu Capital | |
| Sep 24, 2019 | $4.5M Other Equity | ||
| Jan 1, 2008 | $2.0M Series A | Alliance of Angels |