Quip is on the coalition cause to own the entire value chain of oral care. This comes after the company receive a new $100 million cash injection to increase its run way with new products development and expansion of the company.
Quip’s co-founder and current CEO Enever says the company’s main focus is innovation and community building among its over 7.5 million customers in 100 plus countries.
“The timing of this round, and raising such a significant round, was deliberate and strategic,” he added. “We wanted to prove a couple of things: that we create a high-profile, profitable core business that people know today, aligning the first pieces of the pie on our oral care app and then services, such as the clear aligner that we launched a couple of months ago,” adds Enever.
Simon said the company is ready to scale, take things to the next level and continue of taking care of its staff members.
“We had an amazing lean and driven team that has gotten us to the point where we are at now, and we are excited to scale that and have more support to take things to the next level,” Simon added.
According to the Tech crunch, the company transformed its self into $435 billion global oral health market leader. They added other products like mouthwash, flossers, gum, smart electric toothbrushes and, most recently, a virtual orthodontist-enabled clear aligner service launched in April.
The New York based startup Quip was formed in 2015 by co-founder and CEO Simon Enever and his fellow partners. The company started as a subscription based toothbrush replacement service.
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