How Much Did Tend Raise? Funding & Key Investors

Tend has successfully raised funding over four rounds, with the latest being a Series C round. The company is backed by 13 investors, including Juxtapose and Addition.

Keep reading to explore the intricacies of Tend's fundraising journey and the investors backing this innovative dental care platform.

What Is Tend?

Tend is a technology-driven dental company that provides hassle-free, personalized, and straightforward dental services. Founded in Nashville, Tennessee, the company operates in the dental, health care, medical, personal health, and wellness industries.

With an employee count ranging from 501 to 1000, Tend aims to redefine the dental experience with a focus on comfort, advanced technology, and a judgment-free environment. They offer a wide range of dental services, including exams, hygiene, implants, veneers, emergency care, orthodontics, clear aligners, Perio Protect, teeth whitening, and family dental care.

How Much Funding Has Tend Raised?

1. Seed Round
   • Amount Raised: USD 15,500,000
   • Date: October 2019
   • Lead Investors: Juxtapose
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch the company and establish initial operations.
2. Series A
   • Amount Raised: USD 20,500,000
   • Date: October 2019
   • Lead Investors: Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand service offerings and enhance technology infrastructure.
3. Series B
   • Amount Raised: USD 37,000,000
   • Date: October 2020
   • Lead Investors: Google Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enter new markets.
4. Series C
   • Amount Raised: USD 125,000,000
   • Date: April 2021
   • Lead Investors: Addition
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Tend's studio footprint nationwide, invest in technology, and launch new product offerings.

Total Amount Raised: USD 198,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• Addition
  • Details: Addition is a venture capital firm known for investing in technology companies.
  • Investment Focus Areas: Technology, software, consumer internet
  • Notable Investments: Not publicly disclosed
• Google Ventures (GV)
  • Details: Google Ventures is the venture capital investment arm of Alphabet Inc.
  • Investment Focus Areas: Life sciences, artificial intelligence, robotics
  • Notable Investments: Uber, Nest, Slack
• Redpoint
  • Details: Redpoint is a venture capital firm focused on early-stage investments.
  • Investment Focus Areas: Consumer internet, enterprise, mobile
  • Notable Investments: Netflix, Stripe, Twilio
• Juxtapose
  • Details: Juxtapose is a private equity firm that partners with entrepreneurs to build category-defining companies.
  • Investment Focus Areas: Healthcare, technology, consumer
  • Notable Investments: Not publicly disclosed

What's Next for Tend?

Tend's future looks promising as it plans to expand its studio locations nationwide, starting with Washington D.C. and Boston. This expansion, fueled by a $125 million Series C funding round, aims to increase the number of locations from six to 20 by the end of the year. The company also intends to invest in technology and launch new product offerings, enhancing the patient experience and operational efficiency.

With the dental market valued at $142 billion, Tend has significant growth opportunities. The company may pursue additional funding rounds to support further expansion and technology investments. However, challenges such as managing rapid growth, navigating regulatory requirements, and maintaining service quality across multiple locations could pose hurdles. Despite these challenges, Tend's innovative approach and strong backing from investors position it well for future success.

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