SaaS-based dental platform CareStack raises funds to expand customer footprint
SaaS-based dental platform CareStack has secured $28 million in a Series B round, led by Steadview Capital and Delta Dental of California. The fresh capital will be used by the company to expand its customer footprint and drive product innovation aimed at elevating dental offices.
Under this investment, Puneet Kumar, Vice President of Steadview Capital, has joined CareStack’s Board of Directors.
Abhi Krishna, CEO of CareStack, said, “Simply put, CareStack is rewriting the rules of what an intelligent solution should look like for dentistry — for groups, DSOs and solo practitioners. We are excited to partner with leading firms like Steadview Capital and Delta Dental of California, along with our existing investors Accel Partners, Eight Roads and F-Prime Capital, as we continue to accelerate the adoption of our platform and offer never-before-seen capabilities for practice growth.”
CareStack offers a complete clinical and business management platform on the cloud, for managing all major functions of a dental practice. The company leverages analytics and automation to enhance the patient experience, maximise insurance reimbursement and improve patient dental care.
Ravi Mehta, Managing Director, Steadview Capital, stated, “Technology adoption has been traditionally slow in the US dental industry. CareStack’s service offerings have the potential to revolutionise the industry in the years to come.”
Kevin Jackson, Executive Vice President and Chief Growth Officer, Delta Dental of California, added, “We are very interested in helping our dentists build a successful practice and making it easier for them to focus on high-quality care for their patients. Our investment in CareStack will benefit dentists’ business operations and improve the patient experience, by bringing powerful capabilities and driving greater efficiencies to practices of every size.”
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