Dental platform CareStack bags $28 million in Series B round from Steadview Capital, Accel Partners, others

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...

CareStack, a cloud-based tech platform for dental industry, has raised $28 million (approx ₹199 crore) in a Series B round of funding. While, Steadview Capital and Delta Dental led the round of CareStack, along with participation from F Prime Capital, Eight Roads Ventures and Accel Partners, reported by Mint.

Abhi Krishna, CEO at CareStack said that the platform plans to use the funds for automation, and to expand in firms which have dental practices in multiple locations. The startup CareStack, currently, makes money by selling its software as a service, revenue cycle management, and patient financing, he added.

In September 2018, CareStack raised $16 million (approx ₹114 crore) in a series A round from Eight Roads and Accel. The platform is run by Good Methods Global Inc.

CareStack’s flagship solution is a complete clinical and business management platform on the cloud to manage all major functions of a dental practice. CareStack leverages analytics and automation to enhance patient experience, maximize insurance reimbursement and improve patient dental care.

“Technology adoption has been traditionally slow in the US dental industry. CareStack’s service offerings have the potential to revolutionize the industry in the years to come,” said Ravi Mehta, managing director of Steadview Capital.

CareStack expects to expand to a 400-member team by the end of 2020, including a new office in Kochi.

CareStack plans to stick to its core competence in the dental space, within which it is building integrated tools that connect consumers, dentists, insurance companies and employers, Krishna said.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Integrated logistics startup Allcargo buys controlling stake in Gati for around INR 416 cr

Marking its foray into the express logistics race, Allcargo, an integrated logistics startup, has reportedly bought a majority stake...

Punjab govt looks to set up INR 100 cr startup fund to support MSMEs, entrepreneurs

With a view to support the Indian startup ecosystem, the Punjab government is looking to set up an INR 100 crore startup fund to...

Govt to deploy bigger funds for startup to boost Startup India scheme, says Piyush Goyal

In order to surge the Startup India scheme, which was started by Prime Minister Narendra Modi, the Commerce and Industry Minister, Piyush Goyal, said...

Govt orders e-commerce unicorns Amazon, Flipkart to submit annual compliance reports as per FDI norms

Stating stiff laws against violation of foreign direct investment (FDI) by the e-commerce platforms such as Amazon and Flipkart, the government has now made...

Disney to make a spin-off of ‘Aladdin’ character Prince Anders

The Walt Disney Studio is developing a spin-off from one of its live-action remakes, marking it for the first time, according to The Hollywood...
- Advertisement -

More Articles Like This