Therative is a company focused on developing innovative skin care solutions, with a mission to bring advanced treatments to the daily routines of consumers.
The company, originally known as DermaCare, Inc., was founded in 2004 and is based in San Francisco, California. It specializes in creating skin care devices and solutions for medical and cosmetic uses. Among its key products are ThermaClear, a hand-held medical device for treating inflammatory acne, and ThermaClear Essentials, a preventive skin care regimen with various topical applications.
However, despite its promising start, on August 20, 2009, Therative, Inc. faced financial difficulties and filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Northern District of California.
Notably, the company had received a significant $9.00M Series C investment on May 17, 2007, with participation from Bessemer Venture Partners, Foundation Capital, Band of Angels, and RWI Ventures.
Despite its challenges, Therative's innovative approach to skincare and previous investment from reputable firms indicate its potential for disruption in the health care and manufacturing industries, making it a noteworthy case study for investors and entrepreneurs alike. However, it also serves as a cautionary tale about the volatility of the startup landscape.
