Toothio – an on-demand dental staffing platform connecting qualified professionals with practices – recently announced a $4 million seed round led by Craft Ventures with participation from Burst Capital, Moving Capital, Revere Partners, and Rho Capital Partners. And this funding follows an initial backing from AZ Crown, founders of Insight Enterprises (Nasdaq: NSIT). This funding round will accelerate Toothio’s growth by enhancing its technology, expanding into key US markets, increasing its network of dental professionals, and adding to its sales team.
To advance its growth plans, Toothio appointed Keith Clements as Chief Commercial Officer, a seasoned executive with a proven track record of scaling the country’s largest dental companies. Clements had spearheaded sales at Young Innovations, successfully developing its Dental Service Organizations (DSO) business and playing a key role in the integration of multiple acquisitions. Before that, Clements served as VP of Sales at Dentsply Sirona (Nasdaq: XRAY), leading the company’s US consumable business, strategic account group, and dealer-based business during his decade-long tenure.
KEY QUOTES:
“Every dental practice in the US today intimately understands the challenges of staffing the office. Toothio solves this problem by connecting credentialed, friendly dental hygienists, assistants, and receptionists with offices that rely on these important workers. The result is a win-win solution not only for the workers who gain tremendous flexibility in working when and where they want, but also for the dental practices that are appropriately staffed to meet their patients’ needs.”
— Jeff Fluhr, co-founder and partner at Craft Ventures
“We are committed to addressing the challenges facing the dental industry, and this investment accelerates our progress. Dental professionals now prioritize flexible work, the post-pandemic labor market is experiencing unprecedented shortages, and there is a growing demand for dental services. However, existing solutions have failed to keep up. Our focus is on revitalizing the dental ecosystem through innovation, and we are excited about the next phase of growth as we bring a modern, convenient, and seamless staffing solution to a wider audience.”
— Ian Prendergast, co-founder and CEO of Toothio
Since being founded, Toothio has facilitated thousands of completed shifts with a 97% fill rate, more than doubled revenue, and expanded to Phoenix, Denver, Dallas, and Austin. By the end of 2023, the company plans to serve additional US markets, increasing access to thousands of practices, professionals, and DSOs.
