SmileSnap, a provider of virtual consultation and communication software platform to dental and orthodontic practices, closed a seed financing round with investments from several investors from the dental and orthodontic sector.
According to the company, its teledentistry platform is used by over 1,500 dentists and orthodontists; it managed almost 40,000 virtual new patient consultations and 200,000 doctor/patient communications.
The company plans to use seed funds to hire new software engineering and product personnel to continue enhancing its product portfolio.
Meanwhile, the company has launched a higher tier application called SmileSnap PRO, for those dental professionals who intend to provide care to existing patients beyond their initial consultation. The app adds live video consultations and appointments as well as a web portal for patients to interact with the dentist online. With the launch of the app, the company aims to reach an additional 10,000 dental professionals in the next 18 months.
“Virtual consultations and appointments are becoming the new normal for dental practices. Convenience wins patients and practices that embrace virtual practice software have a direct competitive advantage over those that don’t,” said Greg Pellegom, Co-Founder and CEO of SmileSnap. “This capital allows us to further develop our product and grow our market share in this rapidly emerging sector of dentistry. The pace of growth we’ve experienced this year is truly incredible, and we believe our trajectory will continue well into 2021.”
Telehealth or virtual care providers raised $930 million in Q1 2020, according to Mercom Q1 2020 Digital Health Funding Report. Recently, Carbon Health, a virtual care app, raised $26 million from existing investor Data Collective (DCVC) in an extended Series B1 funding round. Medici, an Austin-based virtual healthcare service provider, raised $24 million from existing investors.