Total amount raised
$66.5 Millions
Latest funding date
Location
Torch Dental has successfully raised $66.5 million over multiple funding rounds, with the most recent round bringing in $17 million. The platform offers an all-in-one solution for dental supply ordering and inventory management, aiming to simplify and streamline these processes for dental practices.
Keep reading to explore the intricacies of Torch Dental's fundraising journey and the investors backing this innovative platform.
What Is Torch Dental?
Torch Dental, founded in 2017, is headquartered in New York, New York. The company was established by Drew Werner, Khaled Boukadoum, and Yassine Boukadoum. Torch Dental operates in the dental, health care, and productivity tools industries.
With an employee count ranging from 101 to 250, Torch Dental offers an all-in-one platform designed to streamline dental supply ordering and inventory management. The platform aims to simplify the ordering process, allowing dental practices to focus more on patient care.
How Much Funding Has Torch Dental Raised?
- Amount Raised: $2.5M
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial platform.
- Amount Raised: $8.5M
- Date: July 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Amount Raised: $28M
- Date: October 2021
- Lead Investors: Health Velocity Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI-powered tools for dental practices.
- Amount Raised: $10.5M
- Date: April 2024
- Lead Investors: Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support national expansion and improve customer service capabilities.
- Amount Raised: $17M
- Date: January 2025
- Lead Investors: American Express Ventures, Raga Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire new team members and open a new office in Austin, Texas.
Total Amount Raised: $66.5M. Current Valuation: Not publicly disclosed.
Key Investors
- American Express Ventures
- Details: American Express Ventures is the venture capital arm of American Express, focusing on innovative startups that align with the company's strategic interests.
- Investment Focus Areas: Fintech, B2B, Consumer Services
- Notable Investments: Stripe, Plaid, Bill.com
- Raga Partners
- Details: Raga Partners is an investment firm that focuses on early-stage technology companies. They are an existing investor in Torch Dental.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Not specified
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in high-growth startups across various sectors, leveraging the networks of alumni from top universities.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: SpaceX, Robinhood, Beyond Meat
- Health Velocity Capital
- Details: Health Velocity Capital is a venture capital firm focused on investing in innovative healthcare companies.
- Investment Focus Areas: Healthcare technology and services
- Notable Investments: Not specified
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that invests in early-stage and growth-stage companies across various sectors.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: LinkedIn, Shopify, Pinterest
What's Next for Torch Dental?
With the recent $17 million funding, Torch Dental is poised for significant growth. The company plans to expand its reach across the South, Mountain, and West Coast regions, opening a new office in Austin, Texas. This expansion will allow Torch Dental to serve a broader customer base and incorporate more brands and suppliers into its platform.
Future fundraising opportunities seem promising as the company continues to grow. The successful financing round and rapid expansion suggest that additional funding rounds could support further innovation and market reach. However, Torch Dental may face challenges in managing rapid growth, integrating a large number of SKUs, and maintaining high levels of customer satisfaction.
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