# Droplette

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/droplette

- Industry: Medical Devices & Equipment
- Headquarters: Boston, US
- Website: www.droplette.io
- Total disclosed funding: $25M
- Latest round: Series B (Dec 3, 2021)
- Investors on record: 7

## About

Based in Massachusetts, US, and founded in 2017 by Madhavi Gavini, and Rathi Srinivas, Droplette Inc. is a manufacturer and distributor of smart skincare gadgets, Droplette, for the treatment of debilitating skin disease called epidermolysis bullosa (EB). In December 2021, Droplette Inc. raised USD 15.4 million in a Series B funding co-led by Victress Capital and Spark Capital, with participation from Amplifyher Ventures and Bolt. As of December 2021, the company has raised a total of USD 25.03 million in funding and Madhavi Gavini is the CEO of Droplette Inc.

Droplette Inc. offers Droplette, is a device invented by the company that employs fluid dynamics, the piezoelectric effect, and Fick's laws of diffusion to turn ingredients into a micro-mist with injectable penetrating strength. The device is designed to deliver antibiotics for skin and ulcers infections for minimizing the risk of secondary complications or antibiotic resistance. In addition, the device is used for localized delivery of chemotherapeutics for skin cancer and drugs for anti-aging. 

Droplette Inc. plans to use its proceeds from a Series B funding to continue to grow and innovate its product line.

## Funding rounds

- Series B, Dec 3, 2021, $15M — Spark Capital, Alumni Ventures Group, Bolt, Visible Ventures, Amplifyher Ventures
- Series A, Aug 22, 2019, $8.8M — Spark Capital
- Seed, Mar 11, 2019 — Bantam Group, Visible Ventures, Amplifyher Ventures
- Seed, Jun 1, 2017, $0.8M — Bolt, MIT Alumni Angels of Northern California

## Investors

- Bolt (https://capitalatlas.ai/funds/bolt) — Seed, Series B
- MIT Alumni Angels of Northern California — Seed
- Bantam Group — Seed
- Visible Ventures (https://capitalatlas.ai/funds/visible-ventures) — Seed, Series B
- Amplifyher Ventures (https://capitalatlas.ai/funds/amplifyher-ventures) — Seed, Series B
- Spark Capital — Series A, Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B