# Magloy Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magloy-tech

- Industry: Medical Devices & Equipment
- Headquarters: Singapore
- Total disclosed funding: $0.9M
- Latest round: Seed (Mar 27, 2023)
- Investors on record: 2

## About

Based in Singapore, and found in 2020, Magloy Tech operates as a medical devices manufacturer that focuses on the research & development of bioresorbable magnesium implants for orthopaedics and trauma surgery. The company is a spin-off from National University of Singapore.

Magloy Tech has developed its first product, OrthoMag, with the participation of materials scientists in the field of magnesium alloys and clinical physicians from orthopedic and maxillofacial surgery. Implants made of OrthoMag dissolve over time to leave only natural, healthy bone tissue and can significantly reduce post-surgery complications commonly associated with permanent bone implants.

## Funding rounds

- Seed, Mar 27, 2023, $0.9M — Cocoon Capital, NUS Technology

## Investors

- Cocoon Capital (https://capitalatlas.ai/funds/cocoon-capital) — Seed
- NUS Technology — Seed