Beringea, the transatlantic growth capital investor, has added Dentologie, a Chicago-based dental group reinventing the dental experience, to its portfolio. The new investment was part of a $25 million Series B funding round and will be used to open 8—12 more dental practices in Chicago; expand into new markets in 2024 and 2025; and grow the corporate team to support Dentologie’s 60,000 patients and near-200 employees.
Following a $16 million Series A round in 2022, Dentologie began to expand its reach in downtown Chicago, growing from four locations to what will be 10 by year-end 2023. Gregg Kaplan, the founder and former CEO of Redbox DVD Rental, invested in both rounds and joined as CEO at the Series A close. Kaplan grew Redbox from launch in 2002 to over $2 billion in revenue in 11 years.
“Dentistry is a huge, highly fragmented and unsophisticated industry plagued by low customer satisfaction,” said Kaplan. “Dentologie brings a differentiated approach, combining hospitality with the patient experience and cutting-edge dental care. My focus is building patient-facing technology that facilitates better communication, price transparency, accessibility, and an overall improved omnichannel experience for Dentologie patients.”
“Dentologie's novel approach to dentistry and its focus on an enhanced patient experience sets it apart from traditional dental practices,” says William Blake, partner at Beringea.“This capital infusion will allow Dentologie to bring its innovative concept to urban neighborhoods throughout the United States, and we're pleased to support CEO Gregg Kaplan and his team as they methodically scale the business.”
Founded in 2013 by dental school best friends Dr. Suhail Mohiuddin, Dr. Hany Kurdi, and Dr. Oussama Founas, Dentologie is a tech-enabled, patient-focused dental group for urban professionals that is reinventing the dental experience. Dentologie provides expert care for cleanings, cavities, Invisalign and teeth whitening at its seven Chicago dental studios in the South Loop, Streeterville, Bucktown, West Loop, Clark & Diversey, Gold Coast, River North and more. Dentologie serves 60,000 patients and employs nearly 200 team members. For more information, please visit dentologie.com or follow on social media at @dentologie.