Baldiness

Follica Gets $5.5 Million in Funding

by Laura on January 6th, 2008

Big news people!  Follica, a new company specializing in treating androgenetic alopecia has just secured $5.5M in venture funding from Intrawest Partners and PureTech Ventures.

Follica Inc,  a company based in Boston, plans to use the money to start a proof of concept study.  With this new funding,  they are planning to generate new hair follicles.

An interesting note on this is that the co-founder on Follica Inc is Dr Rox Anderson, who is credited with advancing the science in laser hair removal.

Just a little ironic, don’t you think?

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POSTED IN: Bald Business, Bald Medicine, Bald Organizations