- Dental Intelligence, the leading analytics and workflow automation platform for dental offices, announced it raised $34 million in minority Series A growth funding
Dental Intelligence — the leading analytics and workflow automation platform for dental practices — announced it raised $34 million in minority Series A growth round of funding from K1 Investment Management. A portion of the funding was used for the recent acquisition of LocalMed, an industry leader in providing real-time and online appointment scheduling.
Founded in 2015, Dental Intelligence helps dentists manage and grow their practices. And since then, Dental Intelligence has developed additional patient-focused applications driven by sophisticated analytics, including the Patient Finder, Morning Huddle, and Today’s Follow-Ups. In less than four years, Dental Intelligence’s platform has been adopted by over 5,000 dental practices across the U.S. — which have seen an average increase in topline production of over 50% after the first 12 months of usage.
“This investment marks a big milestone in di.’s growth,” said J Weston Lunsford, co-founder and CEO of Dental Intelligence. “From the beginning, our company has had one simple purpose: helping dentists improve team performance, value, and overall culture in the practice. Everything we do emanates emotion, inspires engagement, and enables enrichment around that one purpose. This significant investment will accelerate di.’s ability to continue developing new tools so that providers can perform better dentistry and do more of it. K1’s strong operational capabilities and track record of building category leaders made them a perfect partner for us.”
With this funding round, Dental Intelligence is going to further develop and market existing and future products to individual, small group, and large enterprise practices due to increased demand across all customer segments.
“We are thrilled to partner with Weston and the Dental Intelligence team in this next chapter of growth and to support their mission of improving patient care,” added Kellen Haines, Vice President at K1. “Providing dentists with increased visibility into the performance of their practices and giving them the tools to be more successful in driving additional care is a win-win.”
Over the past four years, Dental Intelligence has grown to over 150 team members with plans to bring on additional new hires this year and next year.
“Dental Intelligence has experienced incredible revenue growth, having more than doubled since our initial underwriting,” explained Taylor Beaupain, Managing Partner at K1 Investment Management. “K1’s investment, along with the company’s recent appointment to the Inc 5000 list of fastest-growing companies and the Utah Business Fast 50, provide continued recognition and validation of the company’s efforts to improve the lives and practices of dentists across the country.”
