On 1st June 2021, Zenyum a Singapore based D2C dental brand raised USD 40 Million in a Series B funding round. With this the round brings a valuation of USD 56 Million.
The funding round was led by L Catterton, a private equity company which is focused on consumer brands, who invested an amount of USD 25 Million. The other participants in this round were Sequoia Capital India, TNB Aura, RTP Global, Seeds Capital, FEBE Ventures and Partech.
After this fundraise, the head of growth investment of L Catterton Asia, Anjana Sasidharan will be joining as Zenyum’s board member.
“Fueled by aesthetic-conscious millennials, the affordable dental cosmetics market in Asia is growing rapidly, and Zenyum has the potential to become the regional champion in this category,” – Anjana Sasidharan, Head of Growth Investments for L Catterton Asia, who will join the company’s board.
Words from the Investors –
Sequoia India principal Pieter Kemps said-
“There are 300M customers in Zenyum’s core markets—Southeast Asia, Hong Kong, Taiwan—who have increased disposable income for beauty. We believe spend on invisible braces will grow significantly from the current penetration, but what it requires is strong execution on a complex product to become the preferred choice for consumers. That is where Zenyum shines: excellent execution, leading to new products, best-in-class NPS, fast growth, and strong economics. This Series B is a testament to that, and of the belief in the large opportunity down the road.”
About Zenyum –
Zenyum, is a D2C dental brand that provides 3-D printed invisible braces to patients. It was founded in June 2018 by Frederik Krass and Julian Artopé. It has its headquarters in Singapore.
The company provides products which include Zenyum Clear/transparent 3D printed aligners, Zenyum Sonic electric toothbrushes, and ZenyumClear Plus for complex teeth alignment.
Zenyum is able to decrease the price of its invisible braces by gathering a network of dental partners with a stack of technology that lets the provider monitor the patient’s progress while decreasing the times of visits they need to make.
Words from the CEO –
“The team at Zenyum looks forward to working with L Catterton, leveraging the firm’s global expertise in brand-building as we aim to become the leading Smile Cosmetics business in the region,” said Julian Artope, co-founder and CEO of Zenyum.
Sasidharan said, “Zenyum’s differentiated business model gives it a strong competitive advantage, and we are excited to partner with the founder management team to help them realize their growth ambitions.”
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