Aesthetic medicine veteran Eckhouse (Lumenis, Syneron) explains what's new about SofWave and why it chose Tel Aviv for a flotation.
This year, a new aesthetic medicine company was listed on the TASE, led by none other than Shimon Eckhouse, a pioneer in the field and considered the father of the industry. Eckhouse founded two of its most success companies, Lumenis and Syneron. The company is SofWave Medical (TASE: SOFW). Eckhouse is a founding partner and chairperson of the company, and holds a 25% stake in it.
SofWave Medical was founded in 2015. It has developed an anti-ageing product for tightening the skin using new ultrasound technology. It began selling its products last year.
SofWave was floated in May 2021, one of many recent flotations of technology companies on the TASE. It raised NIS 160 million at a valuation of NIS 800 million.