Venus Concept and Restoration Robotics merged in a $30m deal.

Venus Concept, a privately-held global aesthetic technology leader, and Restoration Robotics, a global leader in robotic hair restoration, merged in a $30m deal. Under the terms of the transaction, Restoration Robotics and Venus Concept shareholders will own approximately 15% and 85% of the combined company, respectively. “The proposed transaction will create a combined company with the resources, product portfolio and expertise that will benefit our customers, employees and our shareholders,” said Ryan Rhodes, Chief Executive Officer of Restoration Robotics. “We are excited to partner with the Venus Concept team as we see the combination as an opportunity to become the leading player in minimally invasive hair restoration. With more than 600,000 procedures and an estimated $4bn spent annually in the global hair restoration market, the growth opportunity for the combined entity is extremely compelling.”