• 6 January 2020
    Sonendo® Announces Growth Investment from EW Healthcare Partners

    Sonendo®, Inc., a leading dental technology company, announced today that EW Healthcare Partners, a global healthcare growth equity firm, led an $85 million financing for the Company. Other new investors include Redmile Group, ArrowMark Partners, and Broadfin Capital. Other existing investors participating in the round include General Atlantic, Orbimed Advisors LLC, Meritech Capital Partners, CVF LLC, NeoMed Management, Perceptive Advisors, JMR Capital, SEB Private Equity, and Security Pacific Finance.

    Founded in 2006 by Fjord Ventures, Sonendo, Inc. is devoted to developing innovative technologies to help dentists save more teeth for more patients. Sonendo's flagship technology, the GentleWave® System, presents an alternative to traditional root canal treatment and a departure from the standard file-based techniques of cleaning root canals. Over 300,000 patients have now been treated with Sonendo's GentleWave System.

    "We are thrilled to partner with EW Healthcare Partners," said Bjarne Bergheim, President, and CEO of Sonendo. "EW brings extensive operating and healthcare experience that will be invaluable to us as we continue to build the Company. With this investment, Sonendo is committed to delivering transformative innovation, providing improved care for patients and creating valuable partnerships with the endodontic community."

    "We believe Sonendo represents an extremely compelling medtech opportunity in the dental segment with its transformative technology that benefits an underserved market and has the potential to change the way endodontics is practiced today," said Brooks Andrews, a Partner with EW, who will be joining Sonendo's Board of Directors. "We look forward to partnering with Bjarne and the entire management team to support the Company's growth and strategic priorities to improve patient care in not just endodontics, but dentistry as a whole."

    Reed Smith LLP served as legal advisor to Sonendo, and Wilson Sonsini served as legal advisor to EW Healthcare Partners.