How Much Did Torch Dental Raise? Funding & Key Investors

Torch Dental has successfully raised funds over 5 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 11 investors, including notable names like Alumni Ventures, Bessemer Venture Partners, Amex Ventures, and Raga Partners.

Keep reading to explore the intricacies of Torch Dental's fundraising journey and the investors backing this innovative platform.

What Is Torch Dental?

Torch Dental is a private company based in New York, New York, specializing in dental supply management. The company offers an all-in-one platform designed to simplify the ordering and inventory management of dental supplies, serving over 3,000 dental practices.

Founded in an unspecified year, Torch Dental operates within the Dental, Health Care, and Productivity Tools industries. The company employs between 101 and 250 people, providing solutions tailored for various dental practices, including general practice, orthodontics, endodontics, periodontics, and pediatrics.

How Much Funding Has Torch Dental Raised?

1. Seed Round
   • Amount Raised: USD 2,500,000
   • Date: November 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial platform and begin market penetration.
2. Series Unknown
   • Amount Raised: USD 8,499,969
   • Date: July 2019
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
3. Series B
   • Amount Raised: USD 28,000,000
   • Date: October 2021
   • Lead Investors: Health Velocity Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and improve technology infrastructure.
4. Series B
   • Amount Raised: USD 10,521,786
   • Date: April 2024
   • Lead Investors: Alumni Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support rapid growth and expansion across the United States.
5. Series Unknown
   • Amount Raised: USD 17,000,000
   • Date: January 2025
   • Lead Investors: Amex Ventures, Raga Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To open a new office in Austin, Texas, and hire more team members.

Total Amount Raised: USD 66,521,755

Current Valuation: Not publicly disclosed

Key Investors

• Alumni Ventures
  • Details: Alumni Ventures is a venture capital firm that invests in high-growth startups, often leveraging its network of alumni from top universities.
  • Investment Focus Areas: High-growth startups, various industries, leveraging alumni networks.
  • Notable Investments: Not publicly disclosed.
• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a well-known venture capital firm that invests in early-stage and growth-stage companies across various industries.
  • Investment Focus Areas: Early-stage companies, growth-stage companies, various industries.
  • Notable Investments: LinkedIn, Shopify, Pinterest.
• Amex Ventures
  • Details: Amex Ventures is the venture capital arm of American Express, focusing on strategic investments in innovative startups.
  • Investment Focus Areas: Fintech, payment technology, innovative startups.
  • Notable Investments: Not publicly disclosed.
• Raga Partners
  • Details: Raga Partners is an investment firm, though specific details are not provided in the sources.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Health Velocity Capital
  • Details: Health Velocity Capital is a venture capital firm that invests in healthcare technology and services companies.
  • Investment Focus Areas: Healthcare technology, healthcare services, innovative healthcare solutions.
  • Notable Investments: Not publicly disclosed.

What's Next for Torch Dental?

With the recent $17 million funding and the opening of a new office in Austin, Torch Dental is poised to expand its reach across the South, Mountain, and West Coast regions. This expansion offers significant opportunities, including serving over 3,000 dental practices and managing over 100,000 SKUs from thousands of brands. The company aims to leverage AI to optimize procurement decisions, potentially saving dental practices up to 32% on their budgets.

Future fundraising opportunities appear promising, given the strong investor interest and the oversubscribed financing round in 2024. Torch Dental's focus on AI and digital solutions aligns well with industry trends, making it an attractive candidate for further investments. However, the company may face challenges such as competition from other dental supply platforms and the need to maintain service quality while scaling operations.

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