CareStack, a startup headquartered in Celebration, Florida, has raised $16 million to expand its cloud-based platform that helps dental practices connect with patients, employers and dentists.
The funding was led by Accel, Eight Roads Ventures and F-Prime Capital Partners.
The company’s flagship product is a practice management solution that allows offices to oversee their clinical, financial and administrative workflows. It can also be used to view patients’ dental history and records. The platform can be used for solo or group practices.
“CareStack is bringing innovative and powerful cloud-based technology and solutions to the market to address the unique challenges of multi-site dental practices,” F-Prime Capital Partners’ partner Carl Byers said in a statement. “With less than 20 percent of dental practices in the cloud today, CareStack’s platform represents a transformation of what is possible for these customers.”
Byers and Accel partner Shekhar Kirani have just joined CareStack’s board of directors.
In addition to announcing its funding news, the startup revealed it has opened a new technology development office in Cambridge, Massachusetts. It said the new workspace will support CareStack’s global operations and help it boost product development projects.
A Deep-dive Into Specialty Pharma
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
The company also has an office in India.
CareStack isn’t the only organization with dental-related news. In late August, Toothpic launched in the United States. The startup’s app lets patients get on-demand dental advice. Users take photos of their mouth, which are then sent to a licensed dentist who answers questions and responds with a report.
Photo: D3Damon, Getty Images
