RALEIGH – DentalHQ, a Raleigh-headquartered startup, will soon be hiring new employees after the firm raised $1.5 million in equity funding.

The startup announced its plans in a statement last week.

The company provides tools to help dental practice owners “implement and manage in-house membership plans.”  According to its statement, the company aims to make dental care “more accessible to those that may not have dental insurance.”

Founded in 2017 by Dr. Brett Wells, a dentist and entrepreneur, the company grew organically during its first four years, Wells noted in the statement, and the company provided its solutions to dentists in nearly every U.S. state.  WRAL TechWire profiled the company in 2018, when Wells noted the firm had 130 clients and more than 1,500 patient members enrolled.

The company charges using what it calls a simple fee structure, based on the number of members involved in the dental plan provided by the practice, and also provides an annual subscription fee.

Triangle dentist-turned-tech entrepreneur designs dental insurance alternative

Affordable oral health

“How can we get 150 million patients who don’t have dental insurance on an affordable oral health schedule,” the company’s website reads.  That was the challenge that Wells set out to address in launching the company.

The company’s platform allows dental patients access to “a wide array of options to receive regular preventative care as well as other necessary procedures at a transparent price,” and enables the dental practices to generate predictable revenue, the statement noted.

“As a practicing dentist, I saw the opportunity to provide patients, particularly those who are under-insured, with the highest quality of care through dental membership plans,” said Wells.

Now, the firm has raised $1.5 million, which Wells said provides an opportunity to make a greater impact.

“We have prided ourselves on providing outstanding support to all of our clients by always being available and quick to respond to any needs,” said Wells.  “This funding allows us to continue to widen our influence while maintaining that level of service.”

With the funding the company plans to bolster its product’s feature development and add what the statement called “key personnel” in marketing, sales, product, client success, and operations roles.

 

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