Wellplaece, a San Francisco, CA-based provider of a platform for dental offices to source products, raised $5.5M in Seed funding.
The round was led by Eniac Ventures and Bee Partners, with participation from Erik Anderson, Co-founder CEO WestRiver Group; Haroon Mokhtarzada, CEO & Co-founder of TrueBill and RocketMoney; Andy Oreffice, former CCO of Affordable Healthcare; and entrepreneur Francis Hellyer.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Caen Contee, and Ivan Bertona, Wellplaece offers a performance-based business model that leverages built-in AI to deliver savings to its clients, Dental Support Organizations (DSOs) and dental practices everywhere. Clients are billed after their orders are processed, placed, and confirmed delivered. Its proprietary technology shops a network of suppliers on the client’s behalf, resulting in a streamlined access to the right products for a better price. Wellplaece places the order and manages supplier logistics while charging the client once for the aggregated cart of supplies. In addition, the system manages returns and chargebacks when necessary.
The system also provides data to power interoffice optimization, decision making, and business intelligence, particularly valuable toward the management of group practices.
FinSMEs
30/05/2023