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Fat Funding: $18 Million for Cellulite


Cellulite startup Eleme Medical on Thursday said it sucked up $18 million.

The Merrimack, New Hampshire, company picked up new investor Hambrecht & Quist Capital Management and included previous investor L Capital Partners in the round.

"We are intrigued by the immense size of the potential market for the SmoothShapes device," Ting Pau Oei of L Capital Partners said in a statement.

Eleme plans to use the funding toward commercialization of its FDA-approved SmoothShapes cellulite treatment and for development of others.

Eleme's technology promises to be a boon for Silicon Valley's overweight entrepreneurs and startup employees, among others.