NAAMA Studios is raising millions of pounds to expand its services amid an explosion in demand for safe and painless tattoo removal from millions of consumers globally, Sky News learns.
A tattoo removal specialist which claims to offer the world’s most advanced service of its kind is in talks to raise more than £10m to fund its international expansion.
The company is aiming to capitalise on the explosion in tattoo adornment among millennials, with research suggesting that more than a quarter of them regretted having at least one piece of body-art.NAAMA is understood to have raised £19m in a Series A funding round in 2019 with backers including Alex Chesterman, the founder of the car retailing platform Cazoo, and Ken Moelis, founder of the eponymous investment banking firm Moelis & Company.
The current funding round is understood to be being led by Future Positive Capital, a social impact fund based in Paris. Unlike traditional lasers, its technology transfers light, while using 150 times less energy to break down ink pigments.
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