Swift Health Systems Secures $45M in Series C Funding

Swift Health Systems, Inc., an Irvine, CA-based maker of invisible orthodontic braces, raised $45M in series C funding. 

The round, which brought total capital raised by the company to more than $70m, was co-led by Vivo Capital, Novo Holdings and venBio Partners. In conjunction with the funding, Andrew D.Goldberg, MD, principal at Vivo Capital, joined Swift’s board member along with Peter Moldt, PhD, partner at Novo Ventures; and Aaron Royston, MD, partner at venBio.

The company intends to use the funds to broaden the commercial availability of the innovative INBRACE solution through expanded orthodontist onboarding and training, increased sales and marketing resources and consumer demand generation programs in support of existing and new INBRACE providers.

Led by Dr. John Pham, CEO and co-founder, Swift Health Systems has made invisible braces that sit unseen behind patient teeth, leveraging an all-digital platform and innovative wire and bracket designs. Patented INBRACE Smartwires® are programmed using data captured from digital scans of patient teeth and automate many steps in orthodontic treatment. The system allows patient anatomy to naturally dictate the most efficient path for all tooth movements, resulting in increased practice efficiency and reduced overall treatment time – a true win-win for patients and orthodontists.

Source. FinSMEs, September 8, 2019

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Canada Week: Biolux Research Raises $14M in Series A Funding Round

Biolux Research, a Vancouver, Canada-based developer of innovative Light Accelerated Orthodontic products, closed a $14M Series A funding round.

The round was led by Venrock and joined by Correlation Ventures, insiders and other investors.

Biolux manufactures OrthoPulse®, an FDA cleared orthodontic device currently being sold in the United States, Europe, and Asia. OrthoPulse is a non-invasive technology which, when used ten minutes each day, can accelerate orthodontic treatment.

Coincident with the completion of the round, Biolux announced that David Thrower has been appointed Chief Executive Officer of the company.

Over the last 25 years, Thrower has held executive leadership roles in a variety of medical device companies. The majority of his career has been spent driving growth in businesses that reside at the intersection of the consumer and medical devices spaces. He started his career at Bain & Company.

More recently his roles have included VP of Global Marketing at Align Technology, CEO of InSound Medical, Asante Solutions and BAROnova, Inc. Biolux earned a BS in Mathematical and Computational Sciences from Stanford University and an MBA from Harvard Business School.

Source. FinSMEs, Staff, April 30, 2019

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Are you a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.

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