Navigation Links
Houston-Based Tyrell, Inc. Completes $28 Million Private Equity Financing

HOUSTON, July 11 /PRNewswire/ -- Tyrell, Inc., the creators of Zeno, an innovative hand-held medical device used in the treatment of acne, today announced that the company has closed a $28 million round of equity financing. The investment was led by Sante Ventures and Catterton Partners, and joined by existing investor Austin Ventures. Tyrell will use the funds to support expanded distribution of the Zeno line as well as to support new product introductions.

Kevin Lalande, Managing Partner for Sante Ventures and Michael Farello, partner at Catterton Partners will join the company's Board of Directors.

"Tyrell has developed a plan to develop consumer products around their proprietary ClearPoint technology in various product categories," said Mr. Lalande. "They have achieved category leadership in Acne Care and are poised to repeat that success in other skin care segments. We at Sante Ventures have followed this company since inception and we are pleased to have the opportunity to become an investment partner."

"Tyrell has built both a brand and a product line which provides a platform for growth," said Mr. Farello. "By focusing on increasing retail velocity and new product introductions, Tyrell is poised to become a major player in the emerging Personal Medical Device category and in personal care more broadly."

Blaine Wesner, General Partner at Austin Ventures will continue as a member of the company's Board of Directors. He noted:

"We continue to be very impressed with the management team at Tyrell as well as the innovative technology being commercialized in the Zeno product line."

Walter Klemp, President and CEO of Tyrell, closed by saying, "The founders of Sante Ventures have broad healthcare investment experience and we are honored that they have chosen to lead this financing round. Catterton Partners brings a breadth of investment expertise in the consumer industry making them an ideal investment partner at our current stage. The addition of these two very experienced investment firms to our highly regarded original investment partners is testament to the progress achieved by the company and the unique investment opportunity Tyrell represents."

About Tyrell, Inc. and Zeno(R)

Established in Houston, Texas, in September 2002, Tyrell, Inc. is the leading pioneer in the category of personal medical devices. The company was formed to develop and launch Zeno, a product set to revolutionize over-the-counter treatment of acne pimples. Utilizing proprietary ClearPoint technology, Zeno electronic medical devices apply sustained heat therapy to destroy the bacteria that causes common acne, dramatically reducing the healing time of pimples. The Zeno acne product line includes Zeno MD, Zeno PRO, Zeno and Zeno Mini. For more information, visit

About Sante Ventures

Sante Ventures is a specialized venture capital firm founded in 2006 by a group of partners with deep healthcare investment and operations experience. In addition to capital, the firm provides its portfolio executives with additional healthcare domain expertise, an extensive network of relationships and singular industry focus. Sante invests exclusively in early-stage companies developing innovative new medical technologies and healthcare services. For more information, please visit

About Catterton Partners

With more than $2.3 billion under management, Catterton Partners is a leading private equity firm in the U.S. focused exclusively on the consumer industry. Since its founding in 1990, Catterton has leveraged its investment capital, strategic and operating skills, and network of industry contacts to establish one of the strongest investment track records in the consumer industry. Catterton invests in all major consumer segments, including food and beverage, retail and restaurants, consumer products and services, and media and marketing services. Catterton has led investments in companies such as Wellness Pet Food, The Worth Collection, Build-A-Bear Workshop, P.F. Chang's China Bistro, Fekkai and Kettle Foods. More information about the firm can be found at

About Austin Ventures

Austin Ventures, with $3 billion dollars under management across nine funds, has provided startup and growth capital to emerging companies for over twenty years. We partner with exceptionally talented entrepreneurs and operating executives to build valuable businesses in a variety of technology and service industries. We invest nationally but maintain a particular focus on Texas, where we are the region's most active investor. Our team of investment professionals works with companies at every stage of the funding lifecycle, from initial seed investments, through startup and growth capital, to management-led buyouts and recapitalizations. Austin Ventures brings a long-term investment perspective, broad experience in building high-growth companies, and access to an unparalleled network of entrepreneurs and executives. Visit for more information.

SOURCE Tyrell, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Houston-Based LifeGift Becomes States Only Stand-Alone Organ and Tissue Recovery Agency
2. Tianyin Pharmaceutical Co., Inc. Completes Production for Earthquake
3. Two Little Hands Productions Completes the Second Series of Signing Time With Two New DVDs
4. BMP Sunstone Completes Acquisition of Shanghai Rongheng Pharmaceutical Co., Ltd
5. USHIFU, LLC Completes Acquisition of Focus Surgery, Inc.
6. Southern Home Medical Equipment Completes 1-for-1,000 Reverse Split and Begins Trading Under New Symbol SHOM
7. KV Pharmaceutical Company Completes Fiscal 2008 Filings With Securities and Exchange Commission
8. Beeston completes drilling on Bluff Lake property, 100 Mile House
9. PreMD Successfully Completes Project for Health & Beauty Company
10. Sinexus Welcomes New CEO and Completes Series B
11. ACTS Retirement-Life Communities Completes Carlton Cove Acquisition
Post Your Comments:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, ... the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where ... city’s history as home to some of the world’s leading providers of cereal and ...
(Date:6/26/2016)... ... ... legally blind and certified personal trainer is helping to develop a weight loss fitness plan ... fix the two major problems leading the fitness industry today:, , ... They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... ... 2016 , ... Austin residents seeking Mohs surgery services, can now turn to ... Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to ... fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of ...
(Date:6/25/2016)... Lewisville, TX (PRWEB) , ... June 25, 2016 , ... ... in the United States, named Dr. Sesan Ogunleye, as the Medical Director of its ... be the facility Medical Director of our new Mesquite location,” said Dr. James M. ...
(Date:6/25/2016)... ... 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the Maryland ... iHire in recognition of their exemplary accomplishments in worksite health promotion. , The Wellness ... & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one of ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016 The Academy of Managed ... recommendations that would allow biopharmaceutical companies to more ... that make formulary and coverage decisions, a move that ... new medicines. The recommendations address restrictions in ... on the drug label, a prohibition that hinders decision ...
(Date:6/24/2016)... 2016 Research and Markets has announced ... Diagnostic Tests" report to their offering. ... The World Market for Companion Diagnostics covers ... Market analysis in the report includes the following: ... Diagnostic Kits) by Region (N. America, EU, ROW), 2015-2020 ...
(Date:6/24/2016)... , June 24, 2016 ... appointment of Dr. Edward Futcher to ... Director, effective June 23, 2016.Dr. Futcher was also ... and Governance Committees.  As a non-executive member of ... expertise and strategic counsel to VolitionRx in connection ...
Breaking Medicine Technology: