Dental SaaS start-up CareStack raises over $22 million.
Thiruvananthapuram-based cloud dental software start-up CareStack has raised $22.5 million and will use the fresh funds to expand operations and acquire talent.
Thiruvananthapuram and Florida-based cloud dental software start-up, CareStack on Tuesday said that it has raised $22.5 million from Steadview Capital, Delta Dental of California, Accel Partners, Eight Roads and F-Prime Capital, as the company looks to boost its growth.
This is in addition to the $28 Million, CareStack raised back in 2019 by the same investors, totalling the company’s funding to more than $60 million so far.
Founded in 2015, CareStack's software solutions allow dentists to manage all key functions including appointments, treatments, claims, payments, patient communication, and reporting and analytics on a single platform.
CareStack enables offices to move away from the complexities of using multiple fragmented solutions and manage everything through modern dental software. Our vision is to lead the digital transformation of the dental industry and enable offices to operate at their highest potential," said CareStack co-founder and chief executive Abhilash Krishna.
According to the company, it will use the fresh infusion to expand its operations, double its team size and grow its annual revenue by four times.
The six-year-old company provides a customer management cloud software solution, allowing dental practitioners and clinics to manage appointments, treatments, claims, payments, patient communication, as well as reporting and analytics.
The start-up claims to have doubled its revenues in 2020 and grown its global workforce from 200 employees at the start of the year to 370 employees at present.
