Health-Tech Investor Ping An Global Voyager Fund is leading the round of investment. 

In addition to new investor’s Ping An Global Voyager Fund, existing investor’s HV Holtzbrinck Ventures and Lakestar are also on board.   

The funding will be used for the expansion of the proprietary Digital Dentistry platform and for Europe-wide expansion.

 


Berlin, 28th May 2020. PlusDental is receiving €32 million from international investors as part of its current Series C round of investment. The Berlin-based health-tech company specialises in digital dentistry and aesthetic orthodontic corrections with transparent dental aligners. The round of investment is led by the Hong Kong-based, $1bn corporate venture fund Ping An Global Voyager Fund, which supports PlusDental as a new investor. Ping An, as a technology-based financial services company and world market leader in the field of telemedicine, operates the “Ping An Good Doctor” online healthcare servicing platform with over 700,000 digital consultations every day. In addition to financial support, the Ping An Global Voyager Fund also offers in-depth knowledge of digital medicine. Christian Wegner, founder of the Berlin recommerce platform Momox, is also new on board. He will support PlusDental with his experience in rapidly scaling up young companies. Existing investors HV Holtzbrinck Ventures and Lakestar are investing once again this year, thereby reaffirming their commitment to the pioneer of digital dentistry.

Dr. Marco Huesch, Chief Medical Officer of Global Voyager Funds, expressed: “We are delighted to lead this latest round of investment for PlusDental and are impressed by how PlusDental combines medical excellence with a high degree of digitisation and thus makes a valuable contribution in terms of innovation and access to modern dentistry.” As a doctor of medicine, Huesch is now part of the PlusDental advisory board.

PlusDental's mission is to provide all patients with access to high-quality and innovative dentistry and to remove any access barriers. With the current round of investment, the Berlin start-up, which was founded in 2017, is one of the few European health tech companies with a valuation of over €100 million. The additional capital will serve to accelerate growth, drive international expansion and expand the dental treatment spectrum. For this purpose, PlusDental will further develop its innovative Digital Dentistry platform for dentists and patients and expand its European network of partnering dental professionals.  

To achieve first-class treatment results, PlusDental relies on close collaboration with locally established dentists and their medical expertise. In order to increase quality and efficiency, the platform digitises treatment processes where possible and appropriate: From the first appointment to the treatment plan, from follow-up checks to billing. Already today, over 70 established dentists in Germany, Austria, Switzerland, Great Britain and Spain use the digital dentistry platform, whose medical technology is produced in Plus Dental’s own dental laboratory in Berlin in line with the latest standards and under the direction of master dental technicians.

PlusDental currently employs over 200 people, including dentists, orthodontists, master dental technicians and dental technicians. Up to 2,000 patient appointments are arranged weekly with partner doctors. In 2019, the company generated a significant 8-digit turnover with its "Made in Germany" dental aligners. PlusDental is managed by Industrial Engineer and experienced Manager Eva-Maria Meijnen, former McKinsey consultant Dr. Peter Baumgart and well-known entrepreneur and Angel Investor Lukas Brosseder, who has already successfully floated his previous company on the New York stock exchange. 

Dr. Peter Baumgart commented: "We came here to make the world's leading dental medicine from Germany digitally paramount. In digital dentistry, medical responsibility also belongs in the hands of specialised and well-trained dentists. With our Digital Dentistry platform, from which both dentists and patients benefit, we pave the way for locally established practices to enter the digital age. The pandemic is currently underlining the importance of digitising dentistry. Patients appreciate the transparency and efficiency that our consistent digitisation enables. They are particularly benefiting from the positive effects in terms of treatment results and price. We are continuously opening up additional patient groups for our partnering dental professionals.”

PlusDental Geschäftsführer: Eva-Maria Meijnen, Dr. Peter Baumgart (r.) and Lukas Brosseder

PlusDental receives €32 Million 


PlusDental is a leading health-tech company from Berlin, which specialises in the digitalisation of treatments in dentistry as a Digital Dentistry platform. The company has developed its own digital platform for aesthetic orthodontic corrections and has already treated many thousands of patients together with its over 70 partner dentists. PlusDental already provides its Digital Dentistry platform for patient acquisition and treatment, as well as training and laboratory products, to partner dental practices in five European countries: Germany, Austria, Switzerland, Great Britain and Spain. PlusDental has also become the leading brand for medically excellent but affordable aesthetic tooth corrections in Europe for patients. Founded in 2017, PlusDental is pursuing the mission of providing everyone with access to the latest dental treatments. The company manufactures its products in its own laboratory in Germany, has the highest medical and ethical standards, and has also been committed to the non-profit organisation Deutsche Cleft Kinderhilfe eV. Since the outbreak of the coronavirus, the company, which has one of the largest number of 3D printers in Germany, has been using its laboratory to produce protective equipment and has already produced over 7,000 visors and distributed them free of charge to medical facilities.

PlusDental est une marque déposée de © 2020 Sunshine Smile GmbH. Tous droits réservés.

PlusDental est une marque déposée de © 2020 Sunshine Smile GmbH. Tous droits réservés.

About Plusdental

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) is a world-leading technology-powered retail financial services group. With over 204 million retail customers and 534 million Internet users, Ping An is one of the largest financial services companies in the world.

Ping An has two over-arching strategies, “pan financial assets” and “pan health care”, which focus on the provision of financial and healthcare services through our integrated financial services platform and our five ecosystems of financial services, health care, auto services, real estate services and smart city services. Our “finance + technology” and “finance + ecosystem” strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An Group is committed to upholding the highest standards of corporate reporting and corporate governance. The Company is listed on the stock exchanges in Hong Kong and Shanghai.

In 2020, Ping An ranked 7th in the Forbes Global 2000 list. In 2019, Ping An ranked 29th on the Fortune Global 500 list. Ping An also ranked 40th in the 2019 WPP Millward Brown BrandZTM Top 100 Most Valuable Global Brands list. For more information, please visit www.pingan.cn.

About Ping An Global Voyager Fund

Established in 2017 by Ping An, the Ping An Global Voyager Fund is a Hong Kong-based investor in growth stage fintech and health-tech companies. The fund typically invests between US$15 million and US$50 million in non-control positions in companies where an affiliation with Ping An is likely to create significant value over time. The Fund has invested approximately US$300 million across Europe, Asia and North America.

About HV Holtzbrinck Ventures

HV Holtzbrinck Ventures has been investing in Internet and technology companies through various generations of funds since 2000 and is one of the most successful and financially strongest early stage and growth investors in Europe. HV has already invested in more than 185 companies, including Zalando, Delivery Hero, FlixMobility, SumUp and Scalable Capital. The total of all HV funds is €1.05 billion. HV supports start-ups with capital of between €500,000 and €50 million, making it one of the few venture capitalists in Europe that can finance start-ups across all growth phases. 

About Lakestar

Lakestar is one of Europe's leading venture capital firms investing in technology companies led by exceptional entrepreneurs. The team’s early investments included Skype, Spotify, Facebook and Airbnb. Since raising a first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early stage funds, and more recently a growth fund.

The company has expanded and broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GYG, Glovo, Sennder, Eigen, FiveAI, Revolut and Hometogo to name a few. Lakestar has presence in Berlin, Zurich and London.

Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology and marketing. The investments range from early stage companies to those in their growth stage.