Root Canal Technology Firm, Sonendo Inc., Raises $20 Million
7/12/2012 8:52:03 AM
Sonendo Inc., a Laguna Hills firm that is developing a new technology to make root canals easier and less painful, has received $20 million in equity financing, $9.2 million of which is for an initial closing, the company announced Thursday.
This is Sonendo's latest round of funding. Last August, the company said in a regulatory filing that it had raised $5.9 million of a $6.4 million round of equity fundraising. Sonendo's latest investment was led by OrbiMed Advisors LLC, with NeoMed Management joining previous investors which include Fjord Ventures Management.