Sonendo, Inc., a Laguna Hills, CA-based developer of a technology for dentistry, completed a $35m equity financing.
The round was led by DiNovA Capital with participation from new investors DiNovA Capital and CVF, an affiliate of Henry Crown & Company, and existing investors Fjord Ventures, OrbiMed Advisors, Meritech Capital Partners, NeoMed Management and SEB Private Equity. In conjunction with the funding, Michael Zhao of DiNovA Capital joined Sonendo’s Board of Directors.
The company intends to use the funds to advance the commercialization of its GentleWave® System and develop additional products in adjacent verticals.
Led by President and CEO Bjarne Bergheim, Sonendo is advancing the GentleWave® System as an alternative to standard root canal treatment, which, available in the US, shows significant improvements in clinical efficacy, and treatment efficiency when compared to standard root canal techniques1-2.