Cadent Holdings, a developer of digital technology and services for use in the orthodontic and dental markets, has completed a $25 million equity financing round.
Star Ventures led this transaction. The company's existing investors, including JP Morgan Partners, Apax Partners, SV Life Sciences and Pitango Venture Capital, also participated.
The proceeds will be used to expand company's orthodontic business and accelerate completion and prepare for launch of its dental market digital-technology.
Cadent's aim is to significantly restructure how the dentist and their dental lab prepare and implement crown and bridge treatments for their patients. The company provides digital-information products and services that improve the efficiency of dental and orthodontic procedures for both the doctor and the patient. Cadent's digital solutions for the orthodontic industry include OrthoCAD digital study models, a service that eliminates the costs associated with physical models; and a computer-aided indirect bonding service.
Cadent is headquartered in Fairview, NJ and operates an R&D center in Tel-Aviv, Israel.
Star Ventures has approximately $1 billion under management and has achieved more than 50 successful exits. Since its inception in 1992, Star Ventures has invested in successful companies such as Ciena, Alvarion, Precise, EFI, Creo, and Orckit. Star Ventures is headquartered in Munich, with offices in Israel, and Dallas.
Published by Globes [online], Israel business news - www.globes.co.il - on Tuesday, March 08, 2005