Sonendo, a Laguna Hills, California-based developer of technology for the endodontic marketplace, closed a $10m venture debt agreement with Oxford Finance LLC.
The debt facility will be used to commercialize its Multisonic Ultracleaning System, which is set to launch in 2014.
Led by Bjarne Bergheim, President and CEO, Sonendo develops technologies to transform traditional endodontic therapy. Investors in the company include OrbiMed Advisors LLC, Themes Investment Partners, Fjord Ventures, NeoMed Management, and Oxford Finance LLC (read here).
FinSMEs
21/03/2014