Sonendo Scores $35M

Laguna Hills-based Sonendo, a developer of technology aimed at improving root canal treatment, has raised $35M more in an equity financing round, the company said on Monday. The funding was led by DiNovA Capital, and also included Fjord Ventures, OrbiMed Advisors, LLC, Meritech Capital Partners, NeoMed Management and SEB Private Equity. Michael Zhao of DiNovA Capital has joined the company's board as part of the funding. Sonendo said the funding goes towards commercialization of its system, which is an alternative to standard root canal treatment. Bjarne Bergheim is President and CEO of Sonendo. More information »