March 31, 2015

Natick firm secures $9M in capital for new product

Convergent Dental of Natick has secured $9 million in capital to help bring a dental laser product to market.

The funding round for the product, Solea, was led by existing investors Long River Ventures and the Gund Foundation, as well as new individual investors and family offices.

The company said Tuesday that the computer-aided laser, approved by the U.S. Food and Drug Administration, "is establishing itself as the go-to tool for many dentists, replacing the noise, vibration and needle typically associated with dental visits with a quiet, virtually painless patient experience." The laser is approved for use on both hard and soft tissues.

"We are pleased to see Solea accomplish so much in just its first year on the market," Will Cowen, general partner at Long River Ventures, said. "Solea delivers a much improved patient experience and at the same time a compelling (return on investment) for the dentist."

The funding enables the privately held company to continue investments in product innovation, sales and implementation so Convergent Dental can scale with growing market demand, the company said.

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