Smile Genius Dental secures €200K in funding

• A first-of-its kind Investment Match Funding with Enterprise Ireland’s Pre-Seed Start Up Fund

Smile Genius Dental, a digital platform for dental treatment planning, lab collaboration, patient monitoring, and case management announces that it has successfully raised €200K in investment from Enterprise Ireland and private investment company Growing Capital.

Earlier this year, Smile Genius Dental 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 €100k to test the market and progress their business plans for the global marketplace. The fund allows companies to progress key technical and commercial milestones required to attract future seed funding within six to 18 months.

The company successfully participated in the Enterprise Ireland New Frontiers programme at TU Dublin City Campus and has also successfully secured match funding to the value of €100k from Growing Capital led by Gianni Matera.

Nipun Kathuria and Dr Mark-Anthony Shepherd co-founded Smile Genius Dental in 2021, a platform for streamlining dental workflows for clinics, DSOs and clear aligner companies, offering a one stop digital solution for the dental industry. Commenting on the investment, Co-Founder of Smile Genius Dental, Nipun Kathuria said: “This investment from Enterprise Ireland, plus the additional funding from Growing Capital marks a significant milestone for Smile Genius Dental as we strive to transform the digital landscape for the benefit of dental practitioners and the outcome for their patients. This investment will help us to improve our product, make it more scalable, allowing us to enter key markets and integrate with other eco-system 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.”

Enterprise Ireland’s AnnaMarie Turley, Department Manager of Entrepreneurship and HPSU Operations, welcomes Growing Capital’s initiative to match fund Smile Genius Dental PSSF investment of €100K, increasing the total pre-seed round to €200K. “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. Match funding of PSSF for early-stage start-ups by investment firms such as Growing Capital is a positive development and provides a great boost of support to pre-seed start-ups like Smile Genius Dental.”

Growing Capital is an early-stage investment company and to date has backed over twenty Irish start-ups including Glofox, Flipdish, Siren, Caragon, Geowox, Akara and MoveAhead.

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, and we are excited to support Smile Genius Dental’s journey.”

Paula Carroll, National Manager to New Frontiers Programme delivered by TU Dublin, Enterprise Ireland said: “Enterprise Ireland’s New Frontiers Programme supports start-ups across all areas of industry and is run across 18 locations nationwide. Our aim is to make early-stage businesses like Smile Genius Dental investor-ready for PSSF, HPSU, Local Enterprise Office funding and private investment. The additional investment by Growing 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”

About Smile Genius Dental

Smile Genius Dental is an all-in-one software platform for dentists, manufacturers, and clear aligner providers globally. It provides a turnkey software solution for patient case management and remote case monitoring through its patient monitoring app. The fully integrated digital platform enables clear aligner companies to provide exceptional treatment experience and patient communications with scalable technology that provides back-office efficiencies.

With HQ in Dublin, Ireland, Smile Genius Dental currently works with clients and partners in Ireland, the UK, the US, Germany, UAE, the Middle East and India. Its clients range from single dental clinics to dental chains and large manufacturers that are supplying aligners to multiple clinics globally.

Smile Genius Dental’s vision is to be the digital platform and remote monitoring app of choice for dental clinics and labs enabling them to make orthodontic treatments more accessible and affordable for all.

About Growing Capital

Growing Capital is an early-stage investment firm specializing in supporting start-ups with their roots in Ireland. To date, Growing Capital has supported over 20 Irish start-ups, including notable names such as Glofox, Flipdish, and Siren.

Growing Capital typically directs its investments toward start-ups emerging from programs such as New Frontiers, National Pre-Accelerator and Accelerator Programmes, Prep4Seed, and the EI Commercialization Fund.

About the Pre-Seed Start Fund

The Pre-Seed Start Fund (PSSF) will provide up to €100,000 in the form of a Convertible Loan Note (CLN) and is open to innovative start-ups in all sectors, with a focus on manufacturing, lifesciences, food and renewables sectors. The fund offers investments of €50,000 or €100,000 with the latter provided in two equal tranches of €50K. The Convertible Loan Note (CLN) is intended to convert into equity on a future priced round at a 20 percent discount. In addition to the investment, successful applicants will receive the support of an Enterprise Ireland Development Adviser who will help provide access to various start-up supports such as mentoring and market research services.

The proposed application must be active in the manufacturing and internationally traded services sectors, including the following subsectors: AgriTech, AR/VR, Cleantech, Compliance Tech, Construction Tech, Consumer Products, Cyber Security, EdTech, Fintech, Food & Drink, Gaming and Digital Entertainment, HR Talent Tech, Industrial Products, IOT / Smart Cities, Life Sciences, Manufacturing Tech, MarineTech, MedTech, PropTech, Retail Tech, Enterprise Technology, TravelTech, Green Technologies / Climate Change Solutions, Other.
 

For further information contact

Enterprise Ireland Press Office