What is STRATA Skin Sciences?
STRATA Skin Sciences is a medical technology firm focused on the development and commercialization of innovative products for the in-office treatment of dermatological conditions. The company's portfolio includes excimer laser and lamp systems, such as XTRAC®, Pharos®, and VTRAC®, which are utilized in therapeutic applications for psoriasis, vitiligo, and other skin ailments. The company's commitment to advancing dermatological treatments positions it within a critical segment of the healthcare industry, addressing chronic and often debilitating skin conditions.
How much funding has STRATA Skin Sciences raised?
STRATA Skin Sciences has raised a total of $245.8M across 17 funding rounds:
Stock Offering
$16.3M
Stock Offering
$7.3M
Stock Offering
$6M
Debt
$12.4M
Other Financing Round
$27.3M
Debt
$10M
Private Equity
$17M
Debt
$2M
Debt
$7M
Stock Issuance/Offering (2011): $16.3M featuring Undisclosed
Stock Issuance/Offering (2013): $7.3M backed by Undisclosed
Stock Issuance/Offering (2013): $6M with participation from Undisclosed
Debt (2014): $12.5M led by Sabby Management
Other Financing Round (2014): $27.3M supported by Broadfin Capital, Sabby Management, and Great Point Partners
Debt (2016): $10M featuring MidCap Financial Trust
Private Equity (2018): $17M backed by Broadfin Capital, Dr. Dolev Rafeli, Sabby Management, and Accelmed Growth Partners
Debt (2020): $2M with participation from PPP
Debt (2023): $7M led by MidCap Financial
Key Investors in STRATA Skin Sciences
MidCap Financial
MidCap Financial is a financial services provider known for tailoring flexible financing solutions. Their involvement suggests a strategic debt or financing partnership aimed at supporting STRATA Skin Sciences' operational or growth initiatives.
Broadfin Capital
Broadfin Capital is a healthcare-focused investment firm specializing in unique opportunities within the healthcare sector. Their participation indicates a strategic interest in STRATA Skin Sciences' medical technology and market potential.
Great Point Partners
Great Point Partners is a leading health care investment firm that invests across all sectors of the health care industry. Their involvement suggests a strategic alignment with STRATA Skin Sciences' mission to advance dermatological treatments.
What's next for STRATA Skin Sciences?
The recent major strategic investment of $7M signals a pivotal moment for STRATA Skin Sciences. This capital injection is likely to fuel advancements in product development, expand market reach, and potentially enhance operational capabilities. Given the enterprise-level nature of the funding, the company may be poised for significant scaling, further research into novel dermatological solutions, or strategic partnerships to broaden its impact in the medical technology landscape. The company's trajectory indicates a focus on solidifying its market position and driving innovation in skin condition treatments.
See full STRATA Skin Sciences company page
