Teeth whitening co Mavrik Dental Systems raises $30m

dental care
dental care

Global life science investment group Ally Bridge Group has invested $70 million in two Israeli companies.

Israeli teeth whitening company Mavrik Dental Systems Ltd. has raised $30 million from Hong Kong based international life science investment group Ally Bridge Group (ABG).

Mavrik Dental Systems has developed proprietary technologies and products for automated in-office teeth whitening including gum protection and treatment.

ABG also announced that it has invested $40 million in another Israeli company Itamar Medical Ltd. (TASE:ITMR), which develops and commercializes non-invasive medical devices to aid in the diagnosis of respiratory sleep disorders.

ABG was represented in the deal by Advs. Ofer Ben Yehuda, Amir lliescu, Shahar Petel and Ron Gal from Shibolet & Co.

Published by Globes, Israel business news - en.globes.co.il - on February 19, 2020

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