Torch Dental, a New York-based provider of a dental supply partner for dental practices, raised $28M in funding.
The round, which brought the total amount to approximately $40M, was led by Health Velocity Capital with participation from existing investors Bessemer Venture Partners, which led previous financing rounds, FJ Labs, Felicis Ventures, Tectonic Ventures, Raga Partners, and Town Hall Ventures, among other investors.
The company intends to use the funds to accelerate the digitization of procurement for dental practices across the United States, continue to grow team and explore additional opportunities to partner with dental practices.
Co-founded by Khaled Boukadoum, Yassine Boukadoum and Drew Werner, Torch offers custom dashboards for practices to discover new products, manage existing supply preferences, easily centralize ordering, and control spend by getting high quality products at fair prices. The team is also using artificial intelligence to drive more supply chain efficiencies and better serve customers in their mission of transitioning the space from analog to digital.
Torch is now partnered with over 2,000 dental practices and supported by industry experts and entrepreneurs such as Jeffrey Slovin (Former CEO of Dentsply Sirona), Joshua Zable (Former Vice President at Dentsply Sirona), Gerard Moufflet(CEO of Acceleration International), Steve Fredette (President, Founder of Toast), Jonathan Vassil (CRO of Toast), Brian Sheth (CEO of Haveli Investments), Geoff Donaker (Former COO of Yelp), Rob Krolik (Former of CFO Yelp) among others.
FinSMEs
17/07/2023