The Ukrainian fund Roosh Ventures has invested in the American medtech startup Toothio, which raised a total of $5 million in additional funding, as the fund informed AIN.
About Toothio
Founded in 2021, the startup provides a dental staffing marketplace that connects certified dental hygienists, assistants and receptionists with clinics.
- Toothio offers private dental clinics and dental service organizations (DSOs) access to a pool of more than 30,000 dental professionals.
- The company's software algorithm selects recommended professionals with available shifts nearby.
- With a 97% free shift utilization rate, Toothio makes it easy for dental practices and DSOs to optimize labor and maintain high quality patient care.
According to the press release, the funding and market expansion comes amid significant growth for Toothio, with more than 15,000 dentists expected to join the platform in 2024 alone. And since its inception, the company has experienced 300% annual growth.
Investment details
The round was reportedly led by NVP Capital and Craft Ventures, with participation from Rho Capital, Marketplace Capital, Burst Capital, Revere Partners, Karman Ventures, Az Crown and Connexa Capital.
Roosh Ventures did not disclose its investment ticket size, but it usually invests from $100,000 and up to $1 million.
The startup plans to expand its presence to eight additional states, including Chicago, Los Angeles, San Jose, Portland, Seattle, Baltimore, Charlotte and Orlando.
About Roosh Ventures:
Roosh Ventures is a Ukrainian venture capital fund that invests in promising early-stage technology startups. The fund's portfolio includes companies from various industries, focusing mainly on enterprise SaaS solutions, fintech, gaming, and AI products.
AIN reminds our readers that in October, Roosh also participated in the financing round of the French startup Gladia, which develops innovative solutions for the recognition and analysis of audio data. In total, the project raised 16 million euros in the Series A round.
