TechCare

Company Overview

Snapshot

Founded in October 2010, TechCare operates with 1–10 employees and has raised $1.8 million across two funding rounds from six investors. The company was acquired by Citrine Global in January 2020.

Business overview

TechCare develops a platform utilizing the vaporization of natural plant-based compounds for hair-care products. Its proprietary formula is designed to fortify, revitalize, and nourish hair, also possessing antimicrobial properties against bacteria, fungus, and lice. The company's capsules contain an organic plant-based solution without added chemicals, broken into microparticles for deep and even hair penetration. TechCare operates within the Health Tech & Life Sciences sector, serving markets related to cosmetics, biotechnology, and healthcare providers.

Strategic signal

In January 2019, TechCare entered into a joint venture contract with China-Israel Biological Technology Co. Ltd. to develop products for the Asian market. This strategic partnership signaled the company's intent to expand its global footprint and leverage its plant-based technology in new geographical markets, demonstrating a validation of its product efficacy and market potential.

Company Intelligence Q&A

When was TechCare acquired?

TechCare was acquired by Citrine Global in January 2020.

What was a significant product launch for TechCare?

In May 2018, TechCare launched its Novokid Lice Treatment Products line in Super Pharm, Israel's largest drugstore chain.

Did TechCare secure any strategic partnerships?

In June 2017, TechCare entered into a strategic partnership with HoMedics for its Novokid products.

What was a key financial milestone for TechCare?

In January 2018, TechCare announced the closing of $1.8 million in funding from investors including Zach Rubin.

Has TechCare expanded into international markets?

In January 2019, TechCare entered into a joint venture contract with China-Israel Biological Technology Co. Ltd. to develop products for the Asian market.