Smile Genius Dental cleans up with €200k funding round
Smile Genius Dental, a digital platform for dental treatment planning, lab collaboration, patient monitoring, and case management announces that it has successfully raised €200,000 from Enterprise Ireland and Growing Capital, an early-stage investment company.
The dental company successfully applied for the Enterprise Ireland Pre-Seed Start Fund (PSSF) which provides start-ups with critical early-stage funding up to the value of €100,000. The fund allows companies to progress key technical and commercial milestones required to attract future seed funding within six to 18 months.
The company participated in the Enterprise Ireland New Frontiers programme at TU Dublin city campus and has also successfully secured match funding to the value of €100,000 from Growing Capital led by Gianni Matera.
Nipun Kathuria, co-founder, Smile Genius Dental, said: “This investment will help us to improve our product, make it more scalable, allowing us to enter key markets and integrate with other ecosystem partners. The TU Dublin New Frontiers Programme has been instrumental in preparing us for investment readiness and in connecting us to the investment network in Ireland.”
Anna-Marie Turley, department manager of entrepreneurship and HPSU operations, Enterprise Ireland, commented: “The Pre-Seed Start Fund, in conjunction with Enterprise Ireland’s broader range of services for start-ups, responds to current market needs and provides entrepreneurs with a financial offering to help accelerate their start-up business plans. The finance provided can then be ring fenced for critical requirements including product development, recruitment and developing channels to market.”
Gianni Matera, founder, Growing Capital, said: “The PSSF is a highly attractive initiative from Enterprise Ireland which provides start-ups with the vital capital that is required to help them set out on their journey. I’m very proud of this co-investment in Nipun and his team – their technology driven solution has the potential to revolutionise the industry.”
Paula Carroll, national manager, New Frontiers Programme, TU Dublin, Enterprise Ireland said: “The additional investment by Growth Capital through the company’s participation in the New Frontiers programme is a significant milestone for Smile Genius Dental as it implements its ambitious growth strategy.”
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