18 August 2022, Los Angeles – A USD 14.7 million funding for Flossy, a firm offering everyone access to high-quality, affordable dental treatment, was announced. By assisting in the connection of everyone to an excellent dentist at a reasonable price and with no up-front expenses, Flossy is revolutionizing the way people pay for dental care.
With involvement from current investors Slow Ventures, 8VC, and Clocktower Technology Ventures, TTV Capital led the Series A. SV Angel and the creators of Carbon Health, Flatiron Health, Modern Animal, FabFitFun, GOAT, Tradesy, and other companies are additional investors.
Flossy co-founder and CEO Miles Beckett remarked:
“We have observed many Americans find it difficult to comprehend their dental insurance, frequently learning that their policies are capped and that their deductibles and copays cover much less than they anticipate. And others without insurance don’t even try to visit a dentist; By providing discounted and transparent pricing, a personalized dental experience, and financing choices for patients who the system has historically underserved, we are fundamentally altering how consumers obtain dental care. This is what the future of dental care looks like, and we appreciate the support we have received from both new and existing investors.”
According to Mark Johnson, Work at TTV Capital:
“We are thrilled to partner with the skilled team at Flossy and assist them to accomplish their ambition of offering affordable dental care to everyone.” “A tech-supported solution like Flossy has long been needed, and we can’t wait to witness the enormous impact they make as they spread across the country on the lives of patients and doctors alike.”
More about Flossy:
Flossy’s most recent round has now raised a total of USD 17.8M. The business was established by Miles Beckett and Steve Seigel, two seasoned healthcare entrepreneurs, and is currently active in Arizona, New Mexico, and Michigan. Flossy will use the money to expand across the nation and provide everyone with access to the best dental care, especially the underserved and uninsured.
With discounts of up to 50%, Flossy is the first pay-as-you-go discount dental service that links people to a highly regarded dentist at a reasonable price. 94% of adults anticipate going to the dentist in 2022 due to a backlog of appointments caused by the pandemic. However, 76 million of these adults, many of them are senior citizens, without dental insurance of any kind. They must pay for essential dental care entirely out of pocket, racking up tens of thousands of dollars in expenses each year.
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