CareStack raises $22.5 million in funding from existing investors

Cloud dental software startup CareStack has secured $22.5 million in funding from existing investors SteadView Capital, Accel Partners, Eight Roads, F-Prime Capital and Delta Dental of California.

The company plans to use the funds raised to expand its operations and double its employee base. CareStack had previously landed $28 million from the same set of investors in late 2019. It has bagged a total of more than $60 million so far.

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Founded in 2015, CareStack’s software solutions allow dental practitioners to manage all the key functions including appointments, treatments, claims, payments, patient communication, reporting and analytics on a single platform.

“CareStack enables offices to move away from the complexities of using multiple fragmented solutions and manage everything through one complete modern dental software. Our vision is to lead the digital transformation of the dental industry and enable offices to operate at its highest potential,” said CareStack co-founder and chief executive Abhilash Krishna.

The Thiruvananthapuram-based startup claims to have doubled its revenues in 2020 and grown its global workforce from 200 employees at the start of the year to 370 employees currently.

“In a short span of time, CareStack has established as the market leader in dental practice SaaS vertical in North America,” said Shekhar Kirani, Partner at Accel.

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