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 solution for orthodontic care. The treatment process involves customers locating a CandidPro doctor using the Doctor Locator tool, who then supplies them with aligners and monitoring materials. Customers are required to send scans of their teeth every 14 days to track their progress. Recently, Candid has partnered with Philips Sonicare to offer custom whitening treatments, enhancing their service offerings. Unlike many competitors, Candid emphasizes collaboration with dental professionals and a structured monitoring process, ensuring quality care throughout the treatment. The goal of Candid is to provide accessible and high-quality orthodontic solutions that cater to the needs of their customers.

Simplify's Take

What believers are saying

• Recent $63 million funding round supports expansion and growth opportunities.
• Integration of AI in dental imaging allows precise treatment planning and monitoring.
• Tele-dentistry aligns with Candid's model, offering remote consultations and monitoring.

What critics are saying

• Increased competition from established players like Invisalign with strong market presence.
• Dependence on partnerships like Philips Sonicare poses risks if terms change.
• Regulatory scrutiny on at-home dental treatments could impact Candid's business model.

What makes Candid unique

• CandidPro offers a total orthodontic solution with clinical support and connected technology.
• Partnership with Philips Sonicare enhances product portfolio with Zoom Whitening treatment.
• Candid's business model focuses on collaboration with dental professionals for treatment delivery.

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Funding

Total Funding

$296.1M

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