Startup, 2011 Global Finals
VCIC Champ, MIT Sloan 2007
VCIC Champ comes back, pitches, then raises a round of funding ending in a successful acquisition.
Sameer and his MIT Sloan team took home the gold in 2007. In 2011, Sameer returned to pitch his skin-graft technology developed by his company MoMelan. With their ground breaking technology, MoMelan went on to raise 9.5M soon after VCIC with an eventual acquisition by Kinetic Concepts, Inc. in 2012 for 22.5M.
Xconomy article about MoMelan’s acquisition November 16, 2012.
MoMelan Technologies claims to have created a new paradigm in skin-grafting. MoMelan Technologies developed Cellutome, a groundbreaking minimally invasive epidermal skin-grafting system that provided physicians with the first viable approach to perform standardized epidermal expansion and skin grafting in less than one hour.