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Cellutions Raises $7 Million

Cellutions Inc., a Duluth, Ga.-based developer of medical devices to treat cellulite, has raised $7 million in Series B funding at a $23.5 million post-money valuation, according to VentureWire. Versant Ventures led the deal, and was joined by return backers Accuitive Medical Ventures, Carlyle Venture Partners and SV Life Sciences. www.tif.net/portfolio_cellutions.htm