Dubai-based digital dental health platform UDENZ announced it secured US$5 million series A funding backed by Performance Guarantee and led by a consortium of leading UAE-based venture capital firms: Hakim Capital Holding, Techcelerate Investments LLC, Inspira Management, and Dubai Business Corporation.
The startup, which specialized in dental care services, has hit over 100,000 search requests for a dentist and confirmed more than 5,000 bookings. The database now includes about 8000 dentists from across the MENA region.
The company is operating its services in Casablanca, Morocco; and Muscat, Oman, not in Dubai.
Launched in 2016, UDENZ’s growth trajectory, marked by successful fund raising of $450,000 through crowdfunding and additional rounds.
The capital growth has now reached a new height with a Series A funding, setting a pre-money valuation at $2 million.
With this investment, UDENZ is set to boost its mission to offer Dental Ultra platform services free of charge to over 50,000 dentists across the MENA region.
“The investment will empower us to revolutionize dental services, making them more more effective for both practitioners and patients,” said Hisham Safadi, the Founder of UDENZ.“
With the global dental market projected to reach $610 billion in 2023, according to Grand View Research, there is a significant opportunity for companies like UDENZ that can streamline both practitioner operations and patient experiences,” Safadi added.
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