Jordanian dental tech startup Eon Dental has successfully secured $26M in its Series B funding round. The round was led by a large international MedTech fund along with Arab Palestinian Investment Company, otf Jasoor Ventures, Endeavor Catalyst, Spartech Ventures, and Bank al Etihad joined by existing investors Hummingbird Ventures and Silicon Badia.
Eon Dental Technology
Eon Dental, founded in 2011, 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.
MENA Healthcare Industry Needs
The Healthcare industry in MENA was one of the few industries to observe an instant impact from the global pandemic, reaching an all-time high in VC funding in 2020 growing 4x compared to the year before. This shed light on the need for Tech integration in MENA’s healthcare industries, where Egypt took the lead in most capital invested in Healthcare by Q3’21 with startups like pharmaceuticals marketplace Yodawy and IoT-integrated patient management solutions platform SoTech raising major rounds this year.
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 startup will channel its newly acquired funds to fuel 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.
Ahmad Hanandeh, Jordanian Minister of Digital Economy and Entrepreneurship said “It is exciting to see a Jordanian startup mature an organization and make the transition to become a global player”. “Eon receiving regional and international investor recognition reaffirms what Jordan has to offer in terms of talent, capabilities and entrepreneurial spirit.”