TechCare

Plant-based Cosmetics and Medical Products

Health Tech & Life Sciences
Acquired (Inactive) by Citrine Global on Jan 2020 - closed due to acquisition

Company Overview

Snapshot

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

Business overview

TechCare develops plant-based cosmetics and medical products, leveraging a proprietary platform that utilizes cold vaporization of natural compounds for hair care. Its technology is designed to fortify, revitalize, and nourish hair, offering antimicrobial properties against bacteria, fungus, and lice. The company's capsules contain organic, chemical-free plant-based solutions that break down into microparticles for deep penetration. TechCare operates within the Health Tech & Life Sciences sector, specifically targeting the Pharma & Medical Biotechnology and Medical Devices markets, with a focus on cosmetic materials and aesthetic devices.

Strategic signal

In May 2018, TechCare launched its Novokid lice treatment products line in Super-Pharm, Israel's largest drugstore chain. This move signaled a significant market entry and distribution expansion for the company's medical product offerings, validating its product efficacy and commercial viability within a major retail channel.

Company Intelligence Q&A

What was a significant strategic partnership for TechCare?
In June 2017, TechCare entered into a strategic partnership with HoMedics for its Novokid products, aiming to expand the reach and distribution of its lice treatment solutions.
When did TechCare secure funding?
In January 2018, TechCare announced the closing of a $1.8 million funding round. Investors included Zach Rubin and Ran Tuttnauer.
What was a key market expansion for TechCare?
In January 2019, TechCare entered into a joint venture contract with China-Israel Biological Technology Co. Ltd. to develop products for the Asian market, signaling a strategic move into international markets.
What was a notable product launch for TechCare?
In May 2018, TechCare launched its Novokid lice treatment products line in Super-Pharm, Israel's largest drugstore chain, marking a significant entry into the retail pharmaceutical market.
What was a major corporate milestone for TechCare?
In January 2020, Citrine Global Corporation acquired control of TechCare, leading to its status as an acquired and inactive entity.

External links