Overview

Candid provides clear aligner treatments for teeth alignment through a network of dental professionals. Their main product, CandidPro, is designed for individuals looking for a convenient and effective way to straighten their teeth. Customers use the Doctor Locator tool to find a CandidPro doctor who supplies them with aligners and monitoring materials. Throughout the treatment, customers send scans of their teeth every 14 days to ensure progress. Candid has partnered with Philips Sonicare to offer additional whitening treatments, enhancing their service offerings. Unlike many competitors, Candid emphasizes collaboration with dental professionals and a focus on customer convenience and care. The company's goal is to make high-quality orthodontic treatment accessible and straightforward for everyone.

Simplify's Take

What believers are saying

• Candid raised $63 million, boosting its financial capacity for growth and innovation.
• The Smile Concierge service connects patients with providers, enhancing customer acquisition.
• AI integration in dental imaging could improve aligner fitting and treatment planning.

What critics are saying

• Increased competition from SmileDirectClub could impact Candid's market share.
• Potential backlash from dental professionals may affect Candid's partnerships.
• Economic downturns could reduce consumer spending on orthodontic treatments.

What makes Candid unique

• CandidPro offers a unique collaboration model with dental professionals for aligner treatments.
• The partnership with Philips Sonicare enhances Candid's product portfolio and customer appeal.
• CandidMonitoring allows for remote treatment monitoring, aligning with the teledentistry trend.

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Funding

Total Funding

$304.4M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Bessemer Venture Partners

Notable Investors:

Bessemer Venture Partners

$160,000,000

Series D

Nov 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$160M

View all funding stages