Cloud Dentistry

Cloud Dentistry

On-demand marketplace connecting dental offices with professionals seeking temporary or permanent work

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Security Type
Preferred Stock
Consumer Goods & Products
Min Investment
Offering Date
February 11, 2022
Expected Close Date
April 09, 2022
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Today, practices rely on agencies and job boards for staffing. Agencies are expensive, charging 20% markups on rates and $5000+ for a single full-time hire. Job boards don't pre-verify dental licenses and lack tools for coordinating assignments. As such, they suffer up to a 60% candidate no-show rate. This results in short-staffed practices cancelling thousands of dollars in appointments, from just a single staff no-show. Cloud Dentistry's marketplace solves this problem. By empowering end-users to schedule on-demand work assignments, we deliver quicker, less expensive, and higher quality dental staff.

Practices create free accounts to peruse profiles with pre-verified licenses. To message or book staff, they upgrade to a paid subscription (that is 1/10th the cost of other solutions). After a booking, the office and professional review each other, providing accountability and transparency in the marketplace. Payments are handled on platform through our Stripe integration. Professionals get to be the boss. They choose when they work, how far they travel, and how much they charge. Best of all, they cultivate valuable online real estate in their profile that tracks work history, user reviews, and makes them sticky to the platform.

Key Deal Facts

1,900+ paying dental offices resulting in $182k+ in MRR (unaudited, based on October 2021 revenue)
153% average annual revenue growth since launching in 2016 through 2020 (unaudited)
2,800+ on-demand bookings transacted on average per month in 2021 (January-October 2021)
Mass Challenge Accelerator Top-16 Finalist in 2018
Active in five major cities with at least 200 bookings per month each

Use of Proceeds

  • Marketing
  • Sales
  • Customer Success
  • Product
  • Operations

Management Team / Advisory Board Bios

Nick Werthessen
Head of Product

Elizabeth Kohn
Head of Sales

June Mitchell
Head of Member Services
Amount Raised : $720,243
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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