TRIA Beauty Raises $15.6M
Published On September 10, 2010 |
TRIA Beauty, Inc., a Dublin, California-based provider of light-based beauty solutions for use at home, has raised $15.6m in the initial closing of a Preferred Stock financing.
Investors include existing institutional partners Aisling Capital, De Novo Ventures, Technology Partners and Vivo Ventures.
The company’s flagship products include the TRIA Laser Hair Removal System, a FDA-cleared laser hair removal system available for permanent results, and the TRIA Skin Clarifying System, a proprietary acne system clinically proven to clear and prevent breakouts better than other treatments without the effects of benzoyl peroxide.
As also stated by Kevin Appelbaum, President and CEO of TRIA Beauty, Inc., this additional invested capital will be used to expand worldwide commercialization of the above mentioned products. International expansion will be focused on Asia.