Therative raises $9M for pimple-device ads
Therative, a Livermore, Calif., medical-device maker, raised $9 million in a third round of financing, largely to fund television ads for its consumer-oriented acne product.
Therative makes and markets a pimple-clearing device called ThermaClear, which received FDA “clearance” for direct consumer sales last year. The device releases pulses of heat designed to kill bacteria inside pimples, supposedly in a manner similar to laser treatments offered by dermatologists. The company sells ThermaClear over the Internet for $149.95.
Bessemer Venture Partners led the round, which also included Foundation Capital, RWI Ventures and Band of Angels. Therative had previously raised more than $5 million.
The company’s release is here; VentureWire has more (subscription required).
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About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.