AVAVA, a medical aesthetics platform company advancing a new class of image-guided and focused intradermal laser products that are safe and effective for all skin tones, announced that it secured $35 million in new funding.
AVAVA successfully completed a Series C funding round, raising $25 million in proceeds from new and existing investors, including its strategic partner, Jeisys Medical.
The company also secured $10 million in growth capital from Catalio Capital Management, LP. The investment comes from the Catalio Structured Opportunities Fund, which offers structured financing solutions to innovative healthcare and life sciences companies.
The funding enables the company to move forward in its pipeline of products and ambitious global expansion plans already approved by AVAVA’s board of directors. And the funding will further accelerate the commercialization of its flagship product, MIRIA, the first of a new class of aesthetic dermatology lasers utilizing proprietary Focal Point Technology to deliver energy with pinpoint accuracy anywhere in the skin, enhancing skin revitalization outcomes for patients of all skin tones.
AVAVA’s platform (the latest innovation from pioneering scientific founders Dr. R. Rox Anderson, Dr. Dieter Manstein, and Dr. Henry Chan) provides safe and effective solutions for individuals with diverse skin tones, offering precision energy delivery while minimizing collateral damage. And the company’s commitment to innovation, coupled with its dedication to meeting the evolving needs of customers, has positioned it as an emerging leader in medical aesthetics.
KEY QUOTES:
“This financing represents an important moment in AVAVA’s journey as we move forward in our mission to revolutionize the aesthetics industry. We are excited to continue our expansion plans and advance the next generation of products in our pipeline, while delivering best-in-class treatments for individuals in need. We are grateful to be collaborating with Catalio, Jeisys, and our other investor partners in this journey, who all bring invaluable guidance, industry expertise, track records of success, and a shared vision.”
- Dr. Irina Erenburg, CEO of AVAVA
“As a leading investor in cutting-edge healthcare technologies, Catalio is thrilled to partner with AVAVA as the company continues to make remarkable progress. This investment further demonstrates our firm’s commitment to working with disruptive and innovative companies not just as an investor, but as a long-term strategic partner. We are highly optimistic for what the future holds for AVAVA and for this fast-growing segment of the aesthetics industry.”
- Jonathan Blankfein, Partner & Portfolio Manager at Catalio Capital Management
