Dr. TATTOFF® Inc., a Beverly Hills, CA-based laser tattoo removal company, recently completed the final closing of its $2m financing, exercising an overallotment option resulting in almost $2.87m in common stock subscriptions.
The company intends to use the funds to expand beyond California. Founded in 2004, Dr. TATTOFF® provides minimally invasive and affordable laser tattoo and hair removal services in three clinics in Encino, Beverly Hills, and Irvine. It is also finalizing construction of a new location in the Inland Empire area, which will open in February 2011, and plans to open multiple locations in Houston and Dallas, Texas, later this year.
The board of directors of the company includes Dr. Gene Bauer, Chairman, John Keefe, CEO, Dr. Will Kirby, Medical Director, Joel Kanter and Gene Burleson, shareholders.