NEWS: Dental Tech Startup Sonendo Raises $85 Million
A med-device startup, with HQ in Laguna Hills, has raised $85 million, according to a January 6 press release
Sonendo raised the funds, with lead investor EW Healthcare Partners, a global healthcare growth equity firm.
Other new investors included Redmile Group, ArrowMark Partners, and Broadfin Capital.
Existing investors participating in the round include General Atlantic, Orbimed Advisors, Meritech Capital Partners, CVF, NeoMed Management, Perceptive Advisors, JMR Capital, SEB Private Equity, and Security Pacific Finance.
Sonendo developed a device that can clean and disinfect during the process of a root canal, which it claims “better preserves” the tooth.
Founded in 2006 by Fjord Ventures, Sonendo develops tech to help dentists “save more teeth”
Its flagship tech, the GentleWave System, presents an alternative to traditional root canal treatment and a departure from the standard file-based techniques of cleaning root canals.
The company said that more than 300,000 patients have been treated with Sonendo’s GentleWave System.