Carrie Ghose's article for Columbus Business First:
A tissue engineering company developing materials to heal wounds and grow new blood vessels has raised $4.1 million in a round led by a Columbus "startup nursery."
ParaGen Technologies LLC is designed as a parent company for medical device subsidiaries that use its core microfilament technology for specific applications. The first four are for healing skin, treating sports injuries, growing blood vessels and repairing hernias.
The Hilliard company is a joint venture of Nanofiber Solutions LLC, which invented the technology, and Ikove Capital Partners. This is the largest single round yet led by Ikove, a Columbus technology commercialization firm that takes a hands-on approach – forming the companies, hiring leadership, connecting them to investors and often providing office and lab space.