Neosil, an Emeryville, Calif., company focused on dermatology products, raised a $10 million in venture debt from Hercules Technology Growth Capital. The debt funding follows the company’s $32 million first-round venture financing in 2004, which involved MPM Capital and Burrill & Co.

Neosil is developing a peptide-based hair-growth product for male pattern baldness and a topical antimicrobial treatment. It describes the debt financing here.