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Houston-Based Tyrell, Inc. Completes $28 Million Private Equity Financing
Date:7/11/2008

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 c
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SOURCE Tyrell, Inc.
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