CareStack, a startup that develops software for dentists, announced Oct. 2 that it raised $28 million in a second round of funding, according to Livemint, a financial newsource based in India.
The startup company has a cloud-based clinical and business management platform for major dental practice functions, continuing the software-as-a-service trend in startups.
The Series B round was led by hedge fund Steadview Capital and the California sect of Delta Dental. Its existing investors, who raised $16 million last round, also participated.
The funds will be used for automation and expanding offerings to dental practices with multiple locations, Abhi Krishna, CareStack CEO, told Livemint. She added that CareStack plans to stick to its core value of developing integrated tools that connect consumers, dentists, insurance companies and employers.
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The startup company has a cloud-based clinical and business management platform for major dental practice functions, continuing the software-as-a-service trend in startups.
The Series B round was led by hedge fund Steadview Capital and the California sect of Delta Dental. Its existing investors, who raised $16 million last round, also participated.
The funds will be used for automation and expanding offerings to dental practices with multiple locations, Abhi Krishna, CareStack CEO, told Livemint. She added that CareStack plans to stick to its core value of developing integrated tools that connect consumers, dentists, insurance companies and employers.
More articles on dental:
HHS gives Florida health centers $4.6M for dental care
Nebraska dentists file complaint against state insurance department
Seniors prone to illness caused by poor oral hygiene