Indeed, part of quip’s unique value as a service is that it sends alerts to customers to help them manage their oral care. That vision was “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.” Unique Services & Specially Designed Electric ToothbrushesĪccording to the recent press release, quip’s CEO Simon Enever had a unique vision when he built the platform with his co-founder Bill May. Though they are already, according to the press release, “the largest oral care subscription service with a digital platform,” their new funding will help them further expand their products, services, and partnerships. In addition, quip is looking forward to growing their Brooklyn-based team and HQ. Hopefully, the Practice Program will create value both for patients and for dental service providers. This includes launching their “Practice Program,” whose aim is to help dental service providers offer quip’s services and products to patients. With their $40 million in funding, quip hopes to make some serious strides by opening up more omnichannel programs. This key acquisition of Afora - along with quip’s digital platform and retail launch with Target - helps give quip the opportunity to connect millions of users to over 25,000 dental health professionals. This expansion into Target comes on the heels of another major move for quip: they also acquired Afora, a dental care plan provider. Originally functioning as a direct to consumer website to sell its electric toothbrushes and other services, quip has launched into physical stores starting with Target. Their hope is that this new round of funding will allow them to forge ahead with their mission of creating a “simple, affordable, surprisingly enjoyable oral care service for everyone.” With equity financing from Sherpa Capital and debt financing from TriplePoint Capital, this latest round brings quip’s total funding to around $60 million. Quip, a dental health start-up which has sold over a million of its electric toothbrushes since 2015, has recently received $40 million in funding.
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