Opencare

Opencare

Platform for finding highly-rated dentists

About Opencare

Simplify's Rating
Why Opencare is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$19.6M

Headquarters

Toronto, Canada

Founded

2012

Overview

Opencare helps people find highly-rated dentists in their area, particularly targeting individuals in urban settings who may struggle to locate trustworthy dental services. The platform uses a quiz to assess users' preferences and needs, allowing it to match them with suitable dentists based on their specific requirements. This personalized approach simplifies the process of finding a dentist, making it easier for those who have recently moved or haven't visited a dentist in a while. Opencare generates revenue by connecting patients with dental practices, likely charging fees for referrals and offering premium listing services to enhance visibility for dentists. The goal of Opencare is to provide a stress-free experience for patients while helping dental practices attract new clients.

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Simplify's Take

What believers are saying

  • Tele-dentistry integration could enhance Opencare's service offerings.
  • AI in dental diagnostics can improve Opencare's matching services.
  • Subscription-based models in dental care align with Opencare's network capabilities.

What critics are saying

  • Increased competition from platforms like Zocdoc could impact Opencare's market share.
  • Tele-dentistry rise may reduce demand for traditional dental visits.
  • DIY dental care solutions could decrease demand for traditional services.

What makes Opencare unique

  • Opencare offers a personalized matching system for finding top-rated dentists.
  • The platform targets urban areas where finding trustworthy dental providers is challenging.
  • Opencare simplifies the dental care search process with a user-friendly interface.

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Funding

Total Funding

$19.6M

Meets

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$16M
Opencare
$30M
Kalshi

Benefits

Learning & personal growth

Equity

Competitive compensation

Unlimited vacation & sick days

Full health benefits

Health snack bar & fridge

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

1%

2 year growth

-1%
BetaKit
Apr 3rd, 2020
Opencare lays off one-quarter of staff as it prepares to “weather the storm” of COVID-19

Toronto-based Opencare has laid off 18 members of its team, as its core business has been affected by the COVID-19 pandemic.

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