CareStack, a cloud-based management tool for the dental industry, landed $28 million in new funding this morning. The latest round was led by Steadview Capital and Delta Dental of California.
This news comes roughly a year after the dental-focused startup announced a $16 million raise to open a new technology development office in Cambridge, Massachusetts.
WHAT THEY DO
The company focuses on workforce and clinical management for dental practices. The platform includes access to a patient portal, scheduling capabilities, business analytics, claims data, billing information, charting and patient engagement tools.
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WHAT IT’S FOR
The new infusion of capital will go towards expanding CareStack’s customer base and expanding its services to more dentists.
“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,” Kevin Jackson, EVP and chief growth officer at Delta Dental of California, said in a statement. “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.”
Source: Mobihealth News