PARIS & AUSTIN, Texas, October 21, 2021– (COMMERCIAL THREAD) – DentalMonitoring became the first dental software company to reach a valuation of over $ 1 billion, announcing growth funding of $ 150 million. The round is led by a new investment of $ 90 million from MÃ©rieux Equity Partners and $ 60 million from Vitruvian Partners, an existing financial investor, demonstrating confidence in the company’s ambitious plans.
This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20211021005463/en/
Since CEO and co-founder Philippe Salah launched the company in 2014, DentalMonitoring has become the first player to harness AI for remote monitoring in the dental and orthodontic fields. Driven by the attending physician, DentalMonitoring’s AI automates messages and instructions sent to patients and practice staff to synchronize the delivery of care with the need for care. DentalMonitoring is also the first and only company to offer virtual office solutions to all dental professionals to help them streamline and automate their workflow, from the initial virtual consultation, triage and conversion of patients to remote monitoring of all devices and brands. To date, over one million patients in over 50 countries have taken over one billion intraoral images on the DentalMonitoring platform.
âWe are proud to be supported by leading international funds,â says Philippe Salah, CEO of DentalMonitoring. “This achievement marks a new milestone for the company and is a testament to the new standard of care that our team has brought to the profession. We will continue to provide even more innovative solutions to dental professionals to help them provide better care and adapt their practices. “
The company plans to use the proceeds to fund its rapid global growth, targeting an increased presence in the United States and expanding into new markets such as China and Japan. DentalMonitoring also plans to almost double the number of employees over the next two years and target relevant acquisitions.
âAI is one of the major technologies for transforming healthcare delivery and improving patient outcomes. The DentalMonitoring team and its disruptive technology have convinced us of their ability to meet the growing demand for remote care capabilities for dental professionals. We are proud of MÃ©rieux Equity Partner for supporting healthcare technology talents and we look forward to supporting DentalMonitoring in their meteoric growth, leveraging our international network. “Added Caroline Folleas of MÃ©rieux Equity Partners.
âBy enabling remote dental care, DentalMonitoring is the biggest disruptor in the business since intraoral scanners in the 1990s and digital imaging in the 1980s. The company fits perfectly with our investment strategy. supporting the best companies with a strong market. internationalization opportunities. Vitruvian renews its confidence to support the growing needs of the company’s ambitious growth plans. says Torsten Winkler of Vitruvian Partners.
Jefferies LLC, a global investment bank with extensive knowledge of the dental and software markets, served as DentalMonitoring’s exclusive placement agent during this investment round.
About DentalMonitoring – www.dental-monitoring.com
DentalMonitoring was started with a simple idea: Oral care should be connected and continuous, even outside of the practice. The company created the world’s first virtual practice platform in dentistry, protected by more than 200 patents, to meet rapidly changing patient expectations. Using the industry’s largest database of dental images, DentalMonitoring has developed the most advanced and comprehensive physician-driven AI solutions to help dental professionals deliver superior care and support. better patient experience. From primary patient engagement and conversion, providing treatment options via AI-generated reports and advanced smile simulations, to remote monitoring of all types of treatments, DentalMonitoring’s unique platforms give dental professionals full control over streamlined assessments and communication. DentalMonitoring has more than 400 employees in 18 countries and 9 offices including Paris, Austin, London, Sydney and Hong Kong.
About MÃ©rieux Equity Partners – www.merieux-partners.com
Merieux Equity Partners (âMxEPâ) is an AMF-approved management company dedicated to equity investments in the health and nutrition sector. With more than 45 supported companies, MxEP actively supports entrepreneurs and companies whose products and services provide differentiated and innovative solutions by giving them privileged access to its expertise and to the industrial, scientific and commercial network of Institut MÃ©rieux (BioMÃ©rieux , Transgene, ABL, MÃ©rieux Nutrisciences); MxEP currently manages over â¬ 1 billion in assets.
About Vitruvius partners – www.vitruvianpartners.com
Vitruvian is a leading international growth investor headquartered in London with offices in London, Stockholm, Munich, Luxembourg, San Francisco and Shanghai. Vitruvian focuses on dynamic situations characterized by rapid growth and change in all industries. Vitruvian has supported over 100 companies and has assets under management of approximately â¬ 10 billion. Notable investments include global market leaders and disruptors in their fields such as CRF Health, Fotona, Ada, doctari, Vestiaire Collective, Farfetch, Just Eat, Marqeta and TransferWise.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211021005463/en/
Global Head of Communications
Charlotte Garzino: [email protected]