Medical device company dedicated to healing diabetic foot ulcers secures financing and graduates from Innosphere incubator program

Colorado, Jan. 10, 2020 (GLOBE NEWSWIRE) — Vaporox, a Denver-based Innosphere Client Company dedicated to healing diabetic foot ulcers (DFUs), announced this week the closing of its initial round of funding. The $1.5M investment will be used to develop the reimbursement process for providers of the technology and design the company’s second generation device.

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It’s hard to ignore that Colorado’s startup ecosystem is rapidly growing. This year alone, the state has beefed up its roster of tech unicorns and solidified its reputation as a place that Bay Area giants put down roots.

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While early stage angel investor-backed deals decreased by 2% between 2018 and 2019 according to Pitchbook, Colorado’s ecosystem saw an increase of over 28% during the past year.

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Maria Dorfner interviews Alan Sage, CEO and President of Vaporox Inc., a company with a breakthrough technology for treating chronic skin wounds.

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We are honored to present Vaporox as this years Power Ranking Champion. TiE Denver has committed to send Vaporox to the TiE50 Awards in Silicon Valley, May 2020. At TiE50, the company will benefit from significant exposure to venture capitalists, angels and entrepreneurs; online virtual showcasing, and technology and business partnering/networking.

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DENVER –  Vaporox, Inc., a medical device company dedicated to healing chronic skin wounds, is proud to announce that they have joined the Catalyst HTI ecosystemin Denver, Colorado. “We chose to join Catalyst because of the concentration of medical expertise and the ability to meet and share ideas with both startups and mature companies in the industry,” said Alan Sage, CEO of Vaporox. “It is so great to be surrounded by so many other driven people developing products to improve patient lives.”

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Vaporox, a Denver based medical device startup, piqued investor interest at the recent “Angel Capital Summit 2019” sponsored by the Rockies Venture Club (RVC).  Vaporox then finished first in that conference’s “Venture Bucks” competition (see photo below), which bestows a coveted “People’s Choice” award for the best investment opportunity.

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