InBrace, an Irvine, CA-based orthodontic tech company, raised $45M in venture loan facility.
The financing was made by Horizon Technology Finance Corporation (NASDAQ: HRZN).
The company intends to use the funds to continue accelerating the adoption of its technology in the $40 billion orthodontics market.
Invented & founded by Drs. John Pham and Hongsheng Tong and led by CEO Clint Carnell, InBrace lets patients live their real lives and share their improving smile without anyone knowing they are in treatment. Its Smartwire is placed behind the teeth and uses advanced computer modeling, AI and shape memory wire to straighten teeth in a way that’s healthy, discreet and lets people live their lives — eating, drinking, brushing and flossing normally — all while the teeth are being straightened.
This new venture loan facility builds off the $100M+ Series D raise in 2021 to continue accelerating adoption in the $40 billion orthodontics market.
The company raised over $100MM in its Series D financing from Vivo Capital, funds and accounts managed by BlackRock, Endeavour Vision, Farallon Capital Management, Marshall Wace, MVM Partners, Novo Holdings, RTW Investments, Soleus Capital Management, and venBio.
FinSMEs
08/08/2022