Suneva Medical Completes $15 Million Capital Raise with Avenue Venture Opportunities Fund, L.P.

September 20, 2021 (San Diego, CA) – Suneva® Medical, Inc., a privately held aesthetics company, is pleased to announce the recent closing of a $15 million capital raise that will allow the company to reduce existing debt and supportthe growth and expansion of Suneva Medical as the leader in regenerative aesthetics.  

“The closing of this financing demonstrates the growing demand and market potential for facial regenerative treatments.  We are excited to see further corroboration and support for our mission to lead the aesthetic industry into the future,” said Pat Altavilla, CEO of Suneva Medical.

The capital raise comes at a time when Suneva Medical has seen growth in both revenue and its portfolio of innovative regenerative aesthetics brands despite the challenges some companies have experienced during the pandemic.

“Suneva Medical’s performance and their ability to cultivate a differentiated portfolio of products is impressive.  We believe Suneva is positioned to advance its leadership in the regenerative aesthetics market,” said Chad Norman, Senior Portfolio Manager with Avenue Venture Fund.

About Suneva Medical, Inc.

Suneva Medical, Inc. headquartered in San Diego, CA is a leader in regenerative aesthetics.  It is focused on developing, manufacturing and commercializing branded products for providers and their patients. Suneva Medical offers a portfolio of best-in-class products that include Bellafill®, the only FDA approved 5-year filler, Silhouette Instalift®, the first resorbable suture FDA cleared for cosmetic facial procedures, Puregraft™, a unique fat grafting system, Dermapose™, an all-in-one system to harvest, wash and inject sized fat and Amplifine™, an innovative high density platelet rich plasma (PRP) gel tube. For more information, visit www.sunevamedical.com.

About Avenue Venture Opportunities 

The Avenue Venture Opportunities Fund seeks to provide creative financing solutions to high-growth, venture capital-backed technology and life science companies. The Avenue Venture Opportunities Fund focuses generally on companies within the underserved segment of the market created by the widening financing gap between commercial banks and larger debt funds. For additional information on Avenue Capital Group, which is a global investment firm with assets estimated to be approximately $11.7 billion as of August 31, 2021, please visit www.avenuecapital.com.

Important Safety Information

Bellafill®
Bellafill® is indicated for the correction of nasolabial folds and moderate to severe, atrophic, distensible facial acne scars on the cheek in patients over the age of 21 years. Patients who have had a positive reaction to the Bellafill® Skin Test, have a history of severe allergies, have known bovine collagen allergies, are allergic to lidocaine, have bleeding disorders or are prone to thick scar formation and/or excessive scarring should not receive Bellafill®. The safety of Bellafill® for use during pregnancy, breastfeeding, or in patients under 21 has not been established. You may experience temporary swelling, redness, pain, bruising, lumps/bumps, itching, and discoloration at the treatment site. These side effects are usually transient and typically resolve within 1–7 days. You may experience lumps/bumps/papules that may occur more than one month after injection and that may persist. Less common side effects include rash and itching more than 48 hours after treatment, persistent swelling or redness, lumps/bumps, acne, and increased sensitivity at treatment sites. Infrequently, granulomas may occur and may be treated by your licensed physician provider. Be sure to call your licensed provider immediately if you notice any unusual skin reactions around the treatment area. Based on the 5-year Post-Approval Study on nasolabial folds with 1,008 patients, long-term safety of Bellafill® for up to 5 years has been established.

PUREGRAFT
This product is certified as a medical device in the European Union under the Medical Device Directive 93/42/EEC by SGS CE0120, exclusively for the indication of autologous fat transfer. Other non-medical uses ascribed to this device such as aesthetic body contouring are not within the scope of CE certification, and users should be aware product performance and/or safety has not been evaluated by SGS for those purposes.

Suneva Medical HD PRP
REGULATORY STATUS: FDA-cleared 510(k) Class II medical device. Healeon HD PRP is designed to be used for the safe and rapid preparation of autologous platelet-rich-plasma (PRP) from a small sample of peripheral blood at the patient point of care. The PRP is mixed with autograft and/orallograft bone prior to application to a bony defect for improving handling characteristics. 510(k) number: BK170136

Silhouette Instalift
Silhouette lnstaLift® is indicated for use in mid-face suspension surgery to temporarily fixate the cheek sub-dermis in an elevated position.

IMPORTANT SAFETY CONSIDERATIONS
The Silhouette InstaLift device should not be used in patients with any known allergy or foreign body sensitivities to plastic/ biomaterial or in situations where internal fixation is otherwise contraindicated, (e.g. infection.) The device should also not be used in patients appearing to have very thin soft tissue of the face in which the implant may be visible or palpable.

Like all procedures of this type there is a possibility of adverse events, although not everybody experiences them. These adverse events include but are not limited to infection, minimal acute inflammatory tissue reaction, pain (which may be temporary or persistent in nature), swelling and edema, transient hematoma or bruising and transient rippling or dimple formation. For further safety or product information, please consult your physician.

For more safety information, please consult with your physician and the patient labeling that can be found by visiting our website www.bellafill.com.
Toll-free call (U.S. & Canada): 844-Bellafill (844-235-5234).
Local calls: 858-550-9999. International calls: ++ 858-550-9999.