Last deal

$25M

Amount

Series D

Stage

03.06.2010

Date

3

all rounds

$77.92M

Total amount

date founded

Financing round

General

About Company
Zeltiq Aesthetics is a science-based medical device company developing non-invasive procedures for the reduction of unwanted fat tissue.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Juniper Medical

founded date

01.01.2005

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

Founded in 2005, Zeltiq Aesthetics specializes in non-invasive fat reduction procedures using their patented Cryolipolysis™ method, which precisely cools fat cells without damaging skin or other tissue. Their device is FDA-cleared for skin cooling during dermatologic treatments and is now part of the Allergan PLC portfolio, a global pharmaceutical company focused on developing and commercializing branded pharmaceuticals and biologic products for patients worldwide. Allergan's portfolio includes treatments for various therapeutic categories such as central nervous system, eye care, medical aesthetics and dermatology, gastroenterology, women's health, urology, anti-infective, and cardiovascular.
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Contact Email

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2
Scott J. Wolf
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Dr. Scott Wolf is a prolific medical device entrepreneur. Over the past 20 years,Scott founded numerous successful medical device companies across a broad range of therapeutic areas. Scott founded Aerin Medical to create a non-surgical therapy to meet the enormous need of patients with nasal obstruction. Prior to founding Aerin Medical, Scott founded Zeltiq Aesthetics, the maker of CoolSculpting, the leading non-invasive method of fat reduction for bodyshaping. Zeltiq (NASDAQ: ZLTQ) acquired by Allergan for $2.5B. Scott’s other startups include Endogastric Solutions and Cardiac Dimensions. Scott was previously a partner at Prospect Venture Partners and a vice-president at Frazier Healthcare Ventures, both leading life science venture capital firms. Scott received his M.D. from George Washington University and his B.A. from the University of Pennsylvania.

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Mitch Levinson
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Mr. Levinson is a start-up medical device executive with 29 years of experience developing and bringing revolutionary new products to market. Most recently, Mr. Levinson was the start-up President and CEO for Zeltiq Aesthetics, brought in by the investors, Frazier Healthcare Ventures and Advanced Technology Ventures, as the company’s first employee. Zeltiq’s groundbreaking cooling technology was licensed from Massachusetts General Hospital for non-invasive fat layer reduction. Mr. Levinson built the company from the ground up and launched the product 3 years later, in what has become widely regarded as one of the most successful medical device launches in the aesthetic space. Zeltiq has quickly become the world’s premier fat layer reduction technology and is enjoying much success four years after its launch. Zeltiq held its IPO in October of 2011 with a market cap over $400 million. Prior to Zeltiq, Mr. Levinson was the first technical employee at Thermage, where he led the product development as its founding Vice President of Research and Development. Thermage utilizes a radiofrequency-based technology and was the first device to provide non-invasive skin tightening. That company held its IPO in 2006, and has become a mainstay in aesthetic dermatology and cosmetic surgery physician practices. Mr. Levinson was also the founding Vice President of R&D at BioSurgical Corporation, developer of a novel applicator for fibrin sealant, acquired in 2000 by Baxter International. Mr. Levinson has served as a product development executive at Nellcor (patient monitoring), Baxter (in vitro diagnostics), and as an engineer at ALCOA Intercon-X, and Hewlett Packard. Many of Mr. Levinson’s innovations are represented in his 31 issued U.S. patents with more pending. He earned his B.S. in Engineering Sciences from University of California at San Diego and also holds an Master’s in Computer Systems.

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Employee Profiles
106

Jessica Lee

Clinical studies and operations administrator

Tara Mclaughlin

Practice development manager

Allison Bond

Clinical trainer

Carl Lamm

Carl Lamm

Senior Vice President of Operations

Kipton Davis

Coolsculpting team lead

Mike Defeo

Senior director of national accounts

Shannon Spratt

National training manager

Katherine Haber

Senior training manager

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