MADISON, Wis., March 1, 2013 – Swallow Solutions, LLC (Swallow Solutions), a life sciences company with a novel dysphagia treatment platform, announced today it has raised $1.046 million in Series A financing, led by Venture Management, LLC, with participation from NEW Capital Fund, LP, Wisconsin Investment Partners, and individual investors. Swallow Solutions will use the capital to commercialize a portfolio of innovative dysphagia treatment products and to add new products and services.
Swallow Solutions announced that it was selected to receive a $75,000 Small Business Innovation Research (SBIR) Advance Grant from the Center for Technology Commercialization at the UW Extension as a part of the Wisconsin Economic Development Corporation's SBIR Advance Program.
The SBIR Advance Program provides small businesses in the state of Wisconsin with financial and coaching resources as they build their applications for federal SBIR grants. Specifically, this grant will help Swallow Solutions as they write their commercialization plan for their innovative beverage products, developed by Senior Food Scientist Heather Mendenhall.
Patients with dysphagia or other swallowing disorders often need thickened beverages to prevent dehydration and aspiration. As part of its mission, Swallow Solutions is dedicated to improve the health and quality of life of patients with swallowing disorders, and the grant works towards that end.