Tria Beauty raises $30M to remove your excess back hair
Tria Beauty (formerly known as SpectraGenics), the Pleasanton, Calif. maker of a device that uses lasers for hair removal, has raised $30 million in its fifth round of financing.
Unlike similar devices, Tria’s hair removal system has been cleared for home use. While it has been sold for some time in Japan and some European countries, the device was also recently approved for the United States by the FDA.
To date, laser hair removal has been an expensive procedure performed by specialists, and its time-intensive nature has caused it to mainly be used for small areas. The cost and other limitations should drop if the devices become common in homes or beauty salons, which will also provide a larger market for Tria to sell into.
The $30 million funding was led by Aisling Capital and Vivo Ventures. Existing investors De Novo Ventures and Technology Partners also joined. Tria’s last round was for over $20 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.
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