Cloud-Based Dental Platform CareStack Raises $28Mn Series B Funding

Apis Partners Closes Second Fund At $550 Mn To Invest In Fintech

SUMMARY

Newly infused capital will be used to expand the company to a 400-member team by 2020

Platform offers access to a patient portal, scheduling capabilities and other patient engagement tools

CareStack currently makes money by selling its software as a service, revenue cycle management and patient financing

Cloud-based technology platform for the dental industry, CareStack, has raked in $28 mn in Series B round led by Steadview Capital and California-based dental plan system Delta Dental.

CareStack, run by Good Methods Global Inc., also saw participation from its existing investors, F Prime Capital, Eight Roads Ventures and Accel Partners. These investors had raised $16 million in a Series A round in September 2018. F Prime’s partner Carl Byers and Accel’s partner Shekhar Kirani have also joined CareStack’s board of directors.