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Rhytec

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And markets skin treatment solutions for wrinkles, scars, discoloration, and other skin conditions

Waltham, United StatesFounded 2004Health Tech & Medtech
Valuation $50–100M Last recorded · 2004
Total funding $10–50M Disclosed equity funding
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About Rhytec

Rhytec, founded in 2004 by Dr. Mark Goble, operates within the aesthetic medical device market, specializing in dermatology and cosmetic surgery. The company was established as a spin-off from Gyrus Group PLC, a notable entity in energy-based surgical systems, bringing an experienced team to the dermatology sector.

The company's core business revolves around the development and sale of its proprietary Portrait® Plasma Skin Regeneration (PSR) technology. This technology utilizes nitrogen-based plasma energy to treat a variety of skin conditions. The primary clients are dermatologists, plastic surgeons, and cosmetic physicians who purchase Rhytec's medical devices for use in their practices. The business model is centered on the sale of these devices, such as the Portrait PSR3, to medical professionals.

Rhytec's flagship product, the Portrait PSR system, is a medical device that delivers nitrogen plasma energy to the skin's surface. Unlike laser treatments that target specific skin components, Portrait's plasma energy treats 100% of the skin, stimulating a natural regenerative response and promoting new collagen growth for up to two years. This process addresses multiple conditions simultaneously, including wrinkles, skin laxity, texture, acne scars, and surface discoloration. The system's energy levels are adjustable, allowing practitioners to offer everything from low-energy treatments with minimal downtime to more intensive, ablative-like procedures for deeper wrinkles. The U.S. Food and Drug Administration (FDA) granted clearance for the Portrait Plasma technology for treating wrinkles and various skin lesions in 2004, and later for acne scars in 2008.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2004
Headquarters
Waltham, United States
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Surgery, Dermatology, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCOther financing Dec 2004 $11M $42M Advent Venture Partners —
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Growth signals

Rhytec website traffic

Latest recorded traffic for Rhytec is 0 monthly website visits.

Latest monthly visits0
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Advent Venture Partners

Other known investors1 additional known investor

  • Scottish Equity Partners
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Waltham HQ
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Market sentiment

Posts on X, past 7 days

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