Backers included unnamed private investors.
The company intends to use the funds to develop therapeutic LED products to capitalize on the home-use device market.
Led by Founder and Chief Executive Officer Colette Courtion, CTO Dr. Nicolas Loebel, Chief Medical Officer/Regulatory/Clinical Testing Dr. Roger Andersen, and newly added Chief Revenue Officer Steve Traplin, Joylux is a consumer health and wellness company that creates LED-based products. The company’s first product is vSculpt, a home-use medical device that addresses pelvic floor disorders affecting millions of women.
It will be launched in winter 2015.
Joylux also named its advisory board, which consists of Loebel and Andersen as well as Ken Pilcher, co-founder of the Clarisonic Skin Care System and Adam Diamond, former CMO of Eddie Bauer and American Eagle.
FinSMEs
22/09/2015