Who founded Sparta Biomedical?

Sparta Biomedical was founded by Dushyanth Surakanti in 2019.

Who are Sparta Biomedical's investors?

Sparta Biomedical's investors include Duke Capital Partners.

How much funding has Sparta Biomedical raised?

Sparta Biomedical has disclosed $5.3M raised across 1 of its 2 known rounds.

Where is Sparta Biomedical headquartered?

Sparta Biomedical is headquartered in Madison, US.

Sparta Biomedical

Madison, US · Founded 2019 · Wyoming corporation · 3 known investors

Find your way into Sparta Biomedical

Sparta Biomedical develops chemically engineered cartilage implants built on its Hyalos hydrogel platform, including Karthyx, an MTP hemiarthroplasty device that combines the cartilage-mimicking hydrogel with a titanium fixation technology. The company targets treatment of joint cartilage degeneration and osteoarthritis through cartilage-like implants for joints such as the great toe.

Biotech Healthtech Medical Devices

Founders & leadership

Sparta Biomedical was founded in 2019 by Dushyanth Surakanti.

Dushyanth SurakantiinCo-Founder, CEO, Director

Ken GallNamed on SEC filing

Dimitrios AngelisNamed on SEC filing

Sean FontenotNamed on SEC filing

Investors · 3

Duke Capital PartnersDurham

Also in the syndicate · 2

Duke Angel NetworkNanosha LLClead

Funding

SEC filings, press & company announcements

$5.3M disclosed across 1 of 2 rounds · 2021–2023

Undisclosed amountConvertible Funding RoundSep 2023 · 2 sources
Source ↗

▶$5.3MraisedJan 2022 · 53 investors · Other Health Care

Rule 506(b)

Officers, directors & promoters on the filing

Ken GallDirector
Dushyanth SurakantiExecutive Officer, Director
Dimitrios AngelisExecutive Officer, Director
Sean FontenotDirector

Offering amount: $5.4M
Amount sold: $5.3M
First sale: Dec 2021
Incorporated: Corporation, Wyoming, 2019
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap

Medscape721 shared keywordsMedscape is an online platform providing medical news, clinical information, and continuing education resources to physicians and healthcare professionals globally. The platform offers CME courses, drug and disease information, and patient education across multiple specialties.

Osmosis692 shared keywordsOsmosis is a US health education platform of short-form medical videos and learning tools, acquired by Elsevier.

Companies competing with Sparta Biomedical for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Sparta Biomedical Closes an Oversubscribed Convertible Round to Advance its Breakthrough Device - Duke Capital Partnersdukecapitalpartners.duke.edu · Sep 2023

Sparta Biomedical Raises Funds for Knee OA Treatment | ORTHOWORLDorthoworld.com · Sep 2023

Sparta Biomedical Closes Convertible Funding Roundfinsmes.com · Sep 2023

Sparta Biomedical Raises $5M in Seed Financing - FinSMEsfinsmes.com · Dec 2021

Sparta Biomedical Raises $5M in Series Seed Financing to Advance its Breakthrough Device for Partial Knee Resurfacingprnewswire.com · Dec 2021

Frequently asked questions

What does Sparta Biomedical do?: Sparta Biomedical develops chemically engineered cartilage implants built on its Hyalos hydrogel platform, including Karthyx, an MTP hemiarthroplasty device that combines the cartilage-mimicking hydrogel with a titanium fixation technology. The company targets treatment of joint cartilage degeneration and osteoarthritis through cartilage-like implants for joints such as the great toe.
Who founded Sparta Biomedical?: Sparta Biomedical was founded by Dushyanth Surakanti in 2019.
Who are Sparta Biomedical's investors?: Sparta Biomedical's investors include Duke Capital Partners.
How much funding has Sparta Biomedical raised?: Sparta Biomedical has disclosed $5.3M raised across 1 of its 2 known rounds.
Where is Sparta Biomedical headquartered?: Sparta Biomedical is headquartered in Madison, US.