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Monday, July 19, 2010

Cosmetic laser company raises $6.5M in debt

Eleme Medical Inc., a maker of what the company calls a “laser cellulite solution”, has raised $6.5 million in debt, according to regulatory filings. The maker of the so-called SmoothShapes laser system is a privately-held device maker located in Merrimack, N.H. and is backed by Hambrecht & Quist Capital Management of Boston; L Capital Partners of New York; Three Arch Partners of Portola Valley, Calif.; and EDF Ventures of Ann Arbor, Mich.

In 2008, Eleme’s Smooth Shapes System was a semi-finalist in the New Hampshire High Tech Council’s Product of the Year awards program

Last month, Eleme CEO and president Nancy M. Briefs was the recipient of a Leadership Award from non-profit group Women Entrepreneurs in Science and Technology (WEST).

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