USD 5.5 million for Odne’s US market launch

The Series A1 round for Odne was led by Revere Partners (NY), an independent venture fund providing capital for cutting-edge innovations in oral and systemic health, and NV Capital (LIE), a family-owned venture capital boutique. Dental Innovation Alliance (DIA), Züricher Kantonalbank, Plug&Play, Hatcher, as well as various family offices and angel investors also participated in the investment round. In total, Odne secured CHF 4.8 million (USD 5.5 million) which will be used to faiclitate the launch in the US market.  

Founded in 2018 by Andreas Schmocker and Mark Bispinghoff, Odne developed a technology platform for Root Preservation Therapy (RPT) that allows for faster treatment of complicated root canal morphologies. Root canal treatments have long posed challenges for dentists, with traditionally low success rates ranging from 46% to 91%. With over 60 million annual treatments worldwide, these failures result in significant healthcare costs. Odne’s first light-curing endodontic filler, OdneFill, and laser-based dental curing light, OdneCure, address problems such as debridement and obturation in complex root canal morphologies.  

With the product launch slated for 2024, Odne has recently received FDA clearance, paving the way for their market entry in the US. CEO and Co-Founder of Onde, Andreas Schmocker, expresses his excitement stating, «With over 15 million root canal treatments per year, the US is the biggest market worldwide and our number one focus. Currently, we are performing a Priority Access Program to deepen the use of our products with selected US key opinion leaders. At the annual meeting of the American Association of Endodontists (AAE) in April, in Los Angeles, we will introduce the Odne RPT workflow solution to the endodontic community».  

To serve the US endo specialist market, Odne has recently founded Odne Inc, USA. The team is evolving, incorporating experienced and well connected dental experts, building training, service, marketing, and sales.  

(Press releases / SR)