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Security Type
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SAFE
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Categories
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Technology
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Min Investment
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$100
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Offering Date
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July 24, 2021
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No. Investors
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23
Company Description
The Woobie team spun out from Shasta Dental Services in Late-January 2021 and began product work in February to refactor the proof of concepts tested within the dental group. Over the spring the team developed relationships with key partners to develop and market a high-quality revenue solution for dentists. Multiple channels and channel partners will be key to meeting dentists where they are accustomed to buying services today. Woobie is beginning subscription revenue in August 2o21 and will use a hybrid pricing model using both usage and subscription-based pricing for its software and tech-enabled billing services.
Key Deal Facts
$5.7B OPPORTUNITY in automating the dental billing industry
EXPERIENCED TEAM has taken other ML products to market, led dental groups, and published related research
FREEMIUM W/ EXPENSIVE ALTERNATIVES - Others start at $500/month and require consultants to provide the most value
LARGE UNDERSERVED MARKET - $120B Dental industry is >80% local businesses & don't use enterprise software
MULTIPLE REV STREAMS from SaaS subscriptions, payment processing, and billing automation fees
EASE OF CONVERSION - Customers can start for free and never need to shed staff to gain value
Management Team / Advisory Board Bios
David Spencer, CEO
Former Army Ranger, Technical Intelligence Officer, and Private Equity Associate. Launched 2 integrated intelligence systems with embedded analytics and co-founded a growing dental group.
Sergio Martinez, CTO
Experienced software & cloud architect with multiple applications under his belt. Sergio is on his third startup working with highly regulated data.
RIchard McShinsky, Machine Learning Engineer
An accomplished ballroom dancer, Richard is passionate about advancing patient care through analytics and automation. He is a healthcare researcher who was first published as an undergrad.