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Leo Mavely

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Leo Mavely
File:Leo Mavely.jpgLeo Mavely.jpg Leo Mavely.jpg
Born (1984-06-01) 1 June 1984 (age 42)
Irinjalakuda, Kerala, India
🏡 ResidenceBangalore
🏳️ NationalityIndian
🎓 Alma mater
💼 Occupation
Founder and CEO Axio Biosolutions, and President Advamedica
Known forAxio Biosolutions, Axiostat

Leo Mavely (born June 01, 1984) is a medical technology entrepreneur, who is the Founder and CEO of Axio Biosolutions, a venture-backed medical technology company which develops innovative medical devices based on a biomaterials-based technology platform for trauma and advanced wound care.[1] [2]

The company is the first in India to design, develop and commercialize an emergency hemostat for trauma care.[3][4] The product, Axiostat, launched in 2014, is a hemostatic dressing that stops uncontrollable bleeding within two minutes of its application.[5][6]

Early life and education

Born to Lucy and Sebastian Mavely from Irinjalakuda, Kerala, Leo’s early education was at Don Bosco School, Irinjalakuda. He was a national level basketball player and played for the Kerala State Basketball team for five consecutive years.[7]

Leo holds a Bachelor’s degree in Bioengineering from Maharshi Dayanand University and thereafter graduated from the incubator program at Nirmalabs, Nirma University.[8][9]

Awards and recognition

Career

Prior to starting Axio, Leo spent a year at Nirmalabs, Nirma University working on Project-1006 to develop an affordable and efficient hemostat for developing markets.[21][22] The project later became the foundation for setting up Axio Biosolutions.

Axio Biosolutions

Axio Biosolutions was started by Leo Mavely in 2008 to address the unmet needs in emergency bleeding and trauma. The inception of the idea dates back to when Mavely was a student and came across incidences wherein people lost their lives due to excessive bleeding in accident-related trauma.[23][24]

Axiostat received CE mark in 2013 and US FDA 510K clearance in 2018.[25][26] In 2019, the company launched MaxioCel range of advanced wound care dressing for chronic wounds.[27]

In 2011, Axio Biosolutions received its first investment from Gujarat Venture Finance Limited (GVFL).[28] [29]This was followed by Series A investment from Accel Partners and IDG Ventures India in 2015. In 2015, the company set up its headquarters in Cambridge, Massachusetts followed by the establishment of the corporate office in Bangalore, India and the manufacturing facility was set up in Ahmedabad, India in 2016.[30] The company bagged Series B funding from the Regents of the University of California and Ratan Tata backed UC-RNT Fund, Accel Partners and Chiratae Ventures (formerly IDG Ventures) in 2018.[31] The company raised Series B1 round of funding in January 2020 led by Omidyar Network.[32][33]

References

  1. "Axiostat is helping soldiers in the battlefield from bleeding to death". FactorDaily. 2017-03-09. Retrieved 2020-10-16.
  2. "LEO MAVELY - India's Young & Brightest Entrepreneurs in 40 Under 40 2018 - Fortune India". www.fortuneindia.com. Retrieved 2020-10-16.
  3. "Axiostat is India's first entry on the U.S. hemostat market". MassDevice. 2018-03-01. Retrieved 2020-10-16.
  4. Bureau, BW Online. "Axiostat Becomes First Wound Dressing Company from India to Get US FDA Clearance". BW Disrupt. Retrieved 2020-10-16.
  5. "Axiostat: India's first USFDA-approved wound dressing product". www.businesstoday.in. Retrieved 2020-10-16.
  6. "This smart bandage that can stop bleeding in minutes is a game-changer for trauma care". The News Minute. 2017-05-02. Retrieved 2020-10-16.
  7. "35under35 - Our Speakers". www.entrepreneurindia.com. Retrieved 2020-10-16.
  8. Jayan, T. V. "This bandage saves lives — and is a money-spinner too". @businessline. Retrieved 2020-10-16.
  9. "Shrimp heals your wound, sort of". www.fortuneindia.com. Retrieved 2020-10-16.
  10. "35under35 - Our Speakers". www.entrepreneurindia.com. Retrieved 2020-10-16.
  11. Sabharwal, Punita (2020-03-05). "How Bengaluru-based Axio Biosolutions Saves Lives With Shrimp Bandages". Entrepreneur. Retrieved 2020-10-16.
  12. "Leo Mavely - India's Young & Brightest Entrepreneurs in 40 Under 40 2019 - Fortune India". www.fortuneindia.com. Retrieved 2020-10-16.
  13. "LEO MAVELY - India's Young & Brightest Entrepreneurs in 40 Under 40 2018 - Fortune India". www.fortuneindia.com. Retrieved 2020-10-16.
  14. Majumdar, Sourav (23 March 2018). "40 Under 40: Beautiful minds". Fortune India. Retrieved 17 October 2020. Unknown parameter |url-status= ignored (help)
  15. "MAKE IN INDIA- YOUNG INDIA". Issuu. Retrieved 2020-10-16.
  16. "Leo Mavely - India's Young & Brightest Entrepreneurs in 40 Under 40 2016 - Fortune India". www.fortuneindia.com. Retrieved 2020-10-16.
  17. "Action for India Silicon Valley Challenge Fellow Award 2014" (PDF). actionforindia.org. Retrieved 2020-10-16. Unknown parameter |url-status= ignored (help)
  18. "Anjani Mashelkar Inclusive Innovation Award, 2014". Anjani Mashelkar Foundation. Retrieved 2020-10-16. Unknown parameter |url-status= ignored (help)
  19. Kolhatkar, Sandip (2013-11-21). "Axio's permanent solution to the golden hour rush". DNA India. Retrieved 2020-10-16.
  20. "Axio Biosolutions bags coveted Samsung Innovation award". Moneycontrol. Retrieved 2020-10-16.
  21. Sandhya Ramesh (2019-03-03). "This Bengaluru-based startup is helping save India's soldiers on the frontlines". ThePrint. Retrieved 2020-10-16.
  22. Gent, Edd (2018-09-18). "The NHS could learn a thing or two from India's healthcare innovators". Wired UK. ISSN 1357-0978. Retrieved 2020-10-16.
  23. Bhattacharya, Ananya. "An Indian bioengineer is using a polymer found in shellfish to stop bleeding within minutes". Quartz India. Retrieved 2020-10-16.
  24. "This smart bandage that can stop bleeding in minutes is a game-changer for trauma care". The News Minute. 2017-05-02. Retrieved 2020-10-16.
  25. "AXIOSTAT Traumatic Wound Dressing out of India Gets EU OK | Medgadget". Retrieved 2020-10-16.
  26. www.ETHealthworld.com. "Axiostat becomes first wound dressing from India to get US FDA clearance - ET HealthWorld". ETHealthworld.com. Retrieved 2020-10-16.
  27. "Axio Biosolutions launches MaxioCel, next generation Chitosan-based wound dressing". IndiaMedToday. 2019-02-12. Retrieved 2020-10-16.
  28. Bureau, Our. "GVFL exits Axio Bio Solutions with 7-times returns". @businessline. Retrieved 2020-10-16.
  29. "VC firm GVFL harvests good returns with Axio Biosolutions exit". VCCircle. 2018-02-02. Retrieved 2020-10-16.
  30. Bureau, BW Online. "Bangalore Based Medtech Company Axio Biosolutions Expands Its Operations to UK". BW Disrupt. Retrieved 2020-10-16.
  31. "Ratan Tata's RNT Capital backs Axio Biosolutions". VCCircle. 2018-01-26. Retrieved 2020-10-16.
  32. "Medtech firm Axio Biosolutions lands $5.2M funding led by Omidyar". The Economic Times. Retrieved 2020-10-16.
  33. "Omidyar backs Axio Biosolutions in extended Series B round". VCCircle. 2020-01-09. Retrieved 2020-10-16.



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