Zenyum, a Singapore-based direct-to-consumer dental products startup, has raised a US$40 million Series B funding round led by L Catterton, a global consumer-focused private equity firm.
L Catterton invested US$25 million into the startup in this funding round.
Existing Zenyum investors including Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital, and FEBE Ventures also participated in this funding round.
Anjana Sasidharan, Head of Growth Investments for L Catterton Asia, will be joining the company’s board following the investment.
This funding round followed a US$13.6 million Series A investment that Zenyum announced in November 2019.
In a press statement, Zenyum Co-Founder and CEO Julian Artope said that his team is looking forward to L Catterton’s “global expertise” in brand building.
“With this investment, we can accelerate expansion across Asia, deepen our range of products, and further develop our technology stack to be a true partner to dentists while building a category-defining company,” Artope said.
L Catterton over US$27 billion of equity capital across its fund strategies and 17 offices around the world. It has invested globally in the dental and consumer health space, with portfolio companies that include Ideal Image, ClearChoice, dentalcorp,
OdontoCompany, Espaçolaser, and 98point6.
Founded in 2018, Zenyum partners with dentists to provide 3D-printed Invisible Braces across seven markets in Asia.
“Every patient has an in-person consultation with a dentist from Zenyum’s large network of local dentists who will conduct a thorough examination, as well as an X-Ray and 3D scan, in order to develop a treatment plan specifically customized to each patient’s needs,” the company explains. “Zenyum’s app provides patients with monitoring and guidance throughout the process and serves as a touchpoint for patients during their Clear Aligner journey, ultimately reducing chair time in clinics.”
The startup said that it has seen a four times revenue increase in 2020 alone with its product offerings that range from aligners to electric toothbrushes.
In Singapore, other startups that are working in providing dental products or supporting their creation include Structo, which has recently announced funding to help develop digital additive manufacturing solutions for the dental industry.
Image Credit: Zenyum
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