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Jordan's Eon Dental raises $26 million in Series B

Wamda

Press release 

Eon Dental, a leading dental technology company that is focused on high-quality clear aligner solutions, today announced that it has completed a $26million Series B financing with a premier group of investors, led by a large international MedTech fund together with Arab Palestinian Investment Company, otf Jasoor Ventures, Endeavor Catalyst, Spartech Ventures, and Bank al Etihad. They were joined by existing investors Hummingbird Ventures, and Silicon Badia in the financing. Funding will be used to power Eon’s next chapter - further advancing its manufacturing automation and clinical services capabilities, investing and innovating in its enterprise and clinical software solutions,and strengthening its commercialization and distribution.

Founded in 2011, Eon Dental is a full-service clear aligner company with a worldwide distribution network and reputation for exceptional clear aligner products. Eon combines high-quality manufacturing services with a comprehensive, clinician-centric software solution, enabling their customers to offer high-quality clear aligners, a great user experience,and fast turnaround times - all under the customer’s own brand.

As a leading clear aligner provider to dentists and orthodontists in the MENA region, Eon has also established a foothold in the clear aligner market under the Eon Aligner brand. This clinical insight and technological advancement is paving the way for one of the best white-label solutions for customers around the globe.“Since founding the company, we have been mission-driven to provide quality orthodontic solutions to our customers so that everyone has access to a beautiful smile,” said Qais Sabri, Co-Founder and CEO, Eon Dental. “We are excited to partner with this well-regarded group of investors and we appreciate their support in advancing our mission to impact the lives of as many people as possible.” The OEM market is extremely underserved and Eon Dental has developed a flexible enterprise solution that offers compelling value,” said Eon’s lead investor. “Eon’s world-class innovations in rapid manufacturing of clear aligners and integrated clinical care solutions deliver a better experience for customers at a lower total cost. We’re excited to support this industry-leading team through the next phase of growth.”

The Kingdom of Jordan is committed to supporting digital entrepreneurship, as it is a key driver for employment and economic growth. “It is exciting to see a Jordanian startup mature an organization and make the transition to become a global player,” said Ahmad Hanandeh, Jordanian Minister of Digital Economy and Entrepreneurship. “Eon receiving regional and international investor recognition reaffirms what Jordan has to offer in terms of talent, capabilities and entrepreneurial spirit.”

 

November 10th 2021, 6:40 pm
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