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

Dental Tribune International

Mon. 3. December 2018

save

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.

Tags:

To post a reply please login or register

Toothbrush startup quip acquires dental plan startup

NEW YORK, U.S.: New York-based startup quip is a toothbrush-focused company that aims to prove good design can have a greater impact on oral health than ...

Dental clinic in the cloud: Toothfairy app receives £3 million funding boost

LONDON, UK: According to Western folklore, children with a wiggly primary tooth can look forward to a visit from the tooth fairy, making an otherwise ...

Water fluoridation receives generous funding in NZ budget

WELLINGTON, New Zealand: The dental well-being of New Zealand’s population has just been given a boost. Health Minister Dr Jonathan Coleman has announced ...

University of Otago receives NZ$10 million to aid construction of new dental clinic

DUNEDIN, New Zealand: As reported by Dental Tribune in September, the University of Otago announced that it would be building a dental teaching facility and...

Lenders upbeat on dental funding in 2021—report

LONDON, UK: More than one-third of UK practice owners report that private revenue is higher now than it was before the pandemic, according to an insider ...

Toothbrush start-up receives millions from investors

NEW YORK, U.S.: A New York based start-up, Quip, recently received $10 million in funding. Quip is a toothbrush-focused company that aims to prove that good...

“Molar Mic” personal communication system receives multimillion-dollar DOD funding

SAN MATEO, Calif., U.S.: Sonitus Technologies, a developer of miniaturized wireless personal communication solutions, has announced that it has been awarded...

Planmeca Romexis: 800 users, 1.3 million patients, 30 million images

STOCKHOLM, Sweden: Dental care generates enormous amounts of patient data over time. A case in point is the public healthcare district of the Stockholm ...

Yomi creators raise multimillion-dollar funding for dental robotic system

MIAMI, US: Yomi is a robot-assisted surgical device developed by the healthcare start-up Neocis. It is the only system of its kind that has gained US Food ...

Dental startups are harnessing artificial intelligence

NEW YORK, U.S.: Artificial intelligence (AI) has broken free from the pages of science fiction to become fact. Machines and software that can think and ...

Education

Live webinar
Fri. 26 April 2024
12:00 pm EST (New York)