SmileDirectClub

company

About

SmileDirectClub offers home invisible aligners, a series of plastic aligners that gradually shift teeth into their desired position.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$255M
Industries
Consumer Goods,Cosmetics,Dental,Health Care
Founded date
Dec 1, 2013
Number Of Employee
1001 - 5000
Operating Status
Active
Stock Symbol
nasdaq:SDC
Legal Name
SmileDirectClub, LLC

SmileCareClub at home invisible aligners are a series of tight-fitting, custom-made plastic aligners that gradually shift teeth into their desired position. The company has pioneered teledensitry by matching patient's with endorsed local SmileCareClub dental professionals in their area for virtual office visits to prescribe and oversee treatment. By removing constant office visits and utilizing emerging technology SmileCareClub is able to provide aligner therapy at less than half the price of traditional channels while still ensuring standard of care through their network of affiliated licensed dental professionals. The basic concept for SmileCareClub was envisioned by Jordan Katzman and Alex Fenkell In 2013, they teamed up with David Katzman and Doug Hudson to create SmileCareClub. The company is backed by Camelot Venture Group who has had success in disrupting other medical regulated spaces such at 1-800 Contacts and direct to consumer diabetes company Simplex Health Care. SmileCareClub CEO Doug Hudson who founded Simplex Health Care has also had success in the hearing aid space with his past company Hearing Planet which utilized a network of audiologist to bring hearing aids to the home.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$1.99B
SmileDirectClub has raised a total of $1.99B in funding over 2 rounds. Their latest funding was raised on Apr 28, 2022 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 28, 2022 Post-IPO Debt $255M Detail
Sep 12, 2019 IPO $1.30B Detail
Oct 10, 2018 Private Equity(PE) $380M 4 CD&R LLP Detail
Jan 1, 2017 Series Unknown $12.80M 1 Align Technology Detail
Jul 1, 2016 Series Unknown $46.70M 2 Align Technology Detail

Investors

Number of Lead Investors
Number of Investors
3
6
SmileDirectClub is funded by 6 investors. CD&R LLP and Align Technology are the most recent investors.
Investor Name Lead Investor Funding Round
CD&R LLP Yes Private Equity(PE)
Align Technology Yes Series Unknown
3L Capital Private Equity(PE)
Kleiner Perkins Private Equity(PE)
Spark Capital Private Equity(PE)
Gin Lane Series Unknown

Employee Profiles

Number of Employee Profiles
17
SmileDirectClub has 17 current employee profiles, including Executive Cheryl DeSantis
Executive
Employee
Employee
Board member
Executive