Monday, September 26, 2022

Sonendo Gets $63M In Private Placement

Laguna Hills-based Sonendo, the dental technology developer which trades on the NYSE as SONX, said last week that it raised $63M in a private placement. The funding came from Pura Vida Investments, First Light Asset Management, Blue Water Life Science Advisors, ArrowMark Partners, Driehaus Capital Management, and JMR Capital. Sonendo develops the GentleWave System, which treats tooth decay by cleaning and disinfecting teeth. Sonendo had its IPO back in 2021.