Candid 3D-prints FDA-approved clear aligners and serves customers via at-home impression kits and physical Candid Studio locations. The company charges $95 for a modeling kit and sells aligners for $1,900 upfront or $88/month over two years. Studios, run by Candid orthodontists and dental assistants, can scan teeth and deliver orders within 30 minutes and currently complement the at-home channel. Candid operates 13 brick-and-mortar locations and aims to expand to more than 60 locations across the U.S. by the end of the year. Since last September the company has grown revenues fourfold, with revenue doubling and then doubling again in Q1, and management expects that trajectory to continue for at least the next two quarters. With new capital Candid plans to double headcount from 275 to 550, open additional studios, and launch new products within and possibly outside the clear-aligner space. Candid Co. sells direct-to-consumer clear aligners delivered to customers for roughly 65% less than traditional in-office solutions. Customers purchase a $95 Modeling Kit to take impressions at home; a network of orthodontists designs, reviews, and implements treatment while an affiliated lab 3D prints and ships all aligners at once. Average treatment lasts five months and financing plans start at $88 per month over 24 months or $1,900 up front; some dental insurance plans cover 50% or more. Founded early in 2017 and launched in September 2017, the company sold out of inventory within three weeks of its launch. Candid Co. says it will use the funding to accelerate rollout, expand operations, and reach new customers via its telehealth-enabled model. The founding team has backgrounds in healthcare, hospitality, tech, and finance, and the company is based in New York, NY.

Total raised

$78M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2019