Dental News - Dental startup quip receives $40 million in funding

Dental Tribune International

Mon. 3. December 2018

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NEW YORK, U.S.: Dental startup quip has taken the subscription economy by storm. As reported by Dental Tribune International in January 2018, after selling 100,000 toothbrushes in its first year of business, quip received $10 million in funding to aid in further growth. Since then, quip has gone on to acquire dental plan business Afora and, in a new investment development, has recently received another $40 million.

As reported by the New York Business Journal, Sherpa Capital is the investment company behind the latest influx of funding, to which TriplePoint Capital contributed too, bringing the total amount the company has received to $60 million. The new round of money is earmarked to help support the launch of new products and advertisement campaigns.

In a statement, quip co-founder and CEO Simon Enever said, “My co-founder Bill May and I built quip with the vision to create a full-service oral care platform that serves every oral care need, from the products our members use every day, to the professional care services they require at least twice a year. We’ve been working closely with our full-time dental professional staff and ever expanding provider network to make the full range of dental products and professional care services more simple, accessible and enjoyable to more people.”

In addition to selling two models of its toothbrushes, the $25 plastic version and the $45 metal version, quip recently launched a limited edition all-black toothbrush, retailing at $55. Supported by the American Dental Association, the proceeds from every all-black toothbrush sold will help provide oral health education and dental care access to disadvantaged families.

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