Wednesday, January 7, 2015

ThermiAesthetics Scores $9M For Skin Aesthetics Technology

Southlake-based ThermiAesthetics, a startup developing radio frequency (RF) devices which are used to remove wrinkles and provide other skin treatment, has raised $9M in a venture debt funding round. The company said the funding came from Cypress Growth Capital and Silicon Valley Bank. ThermiAesthetics is led by Paul Herchman; the company says its FDA-cleared, ThermiRF system is used in the aesthetic medicine market. The funding is split between $4M in royalty-based growth capital from Cypress, and $5.0M in a senior secured loan from SVB. No terms of the two loans were announced.