Smartee, a Chinese orthodontics company, closed its US$ 80m Series D funding round.
The round was led by Beijing Taikang Investment, followed by China Resources Consumer Fund II, Jiaxing Science City, Zhangjiagang Industrial Investment etc. and some existing shareholders.
The company intends to use the funds to accelerate industrial layout in the field of invisible orthodontics, promote the continuous R&D and innovation of invisible orthodontic technology, strengthen brand building and team development, and advance the further expansion of the market share of its core products in domestic and overseas markets.
Founded in 2004 by Mr. Yao Junfeng, Smartee focuses on the R&D of original technology in digital invisible orthodontics as well as medical design, manufacturing, sales and services for customized clear aligners. The company has medical design centers with a team of hundreds of staff and built self-developed whole process automatic intelligent manufacturing bases in Jiaxing, Zhejiang Province and Ziyang, Sichuan Province (Chinese Dental Valley).
Smartee has designed more than 500,000 cases up to now and produced over 10 million invisible aligners annually to serve doctors and consumers around the world. Smartee has expanded its business to markets including the USA, Canada, Columbia, Mexico, UK, Spain, Portugal, Saudi Arabia, Egypt, Australia, Singapore, Philippines and Thailand, etc.