Eon Dental today announced that it has completed a $26 million 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.
“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 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 as 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.”