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21 February, 2020

Ally Bridge Group leads $30 mln investment in Israel’s Mavrik Dental

JERUSALEM, Feb 18 (Reuters) – Israel’s Mavrik Dental Systems has raised $30 million in a funding round led by life sciences investment firm Ally Bridge Group (ABG), the companies said on Tuesday.

Mavrik provides technologies for in-office dental treatment. Following ABG’s investment, Mavrik will move commercial operations to the United States while keeping its product development center in Israel, the companies said in a statement.

ABG is a life science-dedicated investment firm based in Hong Kong and New York. It manages over $2 billion in life science assets, both private and public, in the United States, China, and Europe.

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