quip, a NYC-based oral health company, raised $40m in equity and debt funding.
The round, which brought total funding to over $60m, was led by existing investor Sherpa Capital, with participation from Blue Scorpion and NBA all-star Baron Davis, Diesel USA CEO Stefano Rosso, actress Rosario Dawson, lead singer of The All-American Rejects Tyson Ritter, Victoria’s Secret model Roosmarijn De Kok, Kith founder Ronnie Fieg and fashion magnate Sam Ben-Avraham. Debt financing came from Triplepoint Capital.
The company intends to use the funds to launch upcoming products and professional care services.
Co-founded by Simon Enever and Bill May, quip is an oral health company that provides designed products and professional dental services. The current offerings include a wide selection of one of the first American Dental Association accepted (ADA seal) electric toothbrushes, a subscription service on a dentist recommended schedule for brush heads and optional toothpaste, ongoing oral health advice and support, and incentives for timely dental check ups.
quip sold over one million of its American Dental Association accepted electric toothbrushes through its direct to consumer website since its launch in late 2015.
In October 2018, the company expanded into an omni-channel approach through a nationwide launch into Target.