Website: https://plusdental.se/
Press photos: https://we.tl/t-Z22YSftt60

Questions? Press contact: epicPR, Jonas Sowa, +49 69-348689 68, jonas@epicPR.de 


Financing round

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Berlin, 25 March 2021Another multi-million scoop for PlusDental. The Berlin-based health tech company is now receiving 35 million euros from international investors to fund further expansion.
The Series C extension is led by Jebsen Capital, the investment division of the HK based family business Jebsen Group, and one of the early investors in the German Corona vaccine manufacturer BioNTech.The existing investors also joined the round again. 

World Cup star Mario Götze (28) is also backing the startup in this financing round. Soccer-Player Götze: "You would be hard pressed to find another German company that has been able to dominate the European market in such a short time. The incredible speed at which they’ve grown and their idea of both digitising dental treatments and making them available to everyone at low cost immediately excited me.“ The football-hero has just begun his very own PlusDental treatment.

 

 

 

In previous financing rounds, the renowned investors HV Capital, Lakestar, Cadence Growth Capital and Kreos Capital showed their enthusiasm by investing in PlusDental. With the total amount invested close to 100 million euros, PlusDental is now one of the top 4 most invested-in med-tech startups in Germany, alongside BioNtech and Curevac. 

"We already have a presence in eight European countries and will now accelerate our growth even further, especially in Spain, France and the UK" announces co-CEO Eva-Maria Meijnen. In the next few weeks, PlusDental will launch its aligner treatments in Italy, Belgium and Denmark. Other countries will follow.
Meijnen: "We are well on our way to becoming Germany's first female-led unicorn. By next year at the latest, that will be the case."

But Meijnen is not only focusing on Europe; she also has her eyes set on China and will expand there this year. "Hardly any other country welcomes new technologies as much as China. Now that we have an absolute dream team in Asia, with Ping An Global Voyager Fund and Jebsen Capital by our side, we will be able to give patients access to modern dentistry in this particularly exciting market," says Meijnen.

The secret of this Berlin-based health tech company's success? PlusDental works with the most successful dentists in Europe and, with their expertise, has digitised the entire dental correction process. From making the appointment to planning the treatment, from follow-up checks to billing, each step is carried out on their self-developed digital dentistry platform. Every set of aligners is produced in the company's own dental laboratory in Berlin according to the latest medical standards and under the supervision of master dental technicians.

Today, around 200 dental practices in Germany, Austria, Switzerland, Great Britain, Spain, France, the Netherlands and Sweden already work with PlusDental. By the end of the year, this network will have grown to more than 500 partners.

More than 35,000 patients have already had a successful PlusDental treatment. The customer rating platform "ausgezeichnet.org" even commended PlusDental for having the highest patient trust among all companies in this field.

Just last year, the Chinese Ping An Global Voyager Fund joined PlusDental in a €32 million financing round. Ping An is a technology-based financial services company and global market leader in telemedicine, operating the "Ping An Good Doctor" platform with over 700.000 digital doctor visits every day.


The PlusDental management team from left to right: Eva-Maria Meijnen (Co-CEO), Lukas Brosseder (Founder / MD), Dr. med. dent. Lan Huong Timm (Chief Medical Officer) and Peter Baumgart (Founder / CEO).

35 million euros for health-tech startup PlusDental


The Berlin-based start-up PlusDental is now active in eight European countries and is the market leader in the field of invisible dental aligners. In collaboration with 200 partner dentists, PlusDental has digitised the entire treatment process for mild to moderate malocclusions.

"Through digitisation, we have been able to reduce treatment costs by up to 60 percent. Our goal is to make tooth straightening available to everyone at a reasonable price," says PlusDental managing director Eva-Maria Meijnen.

Dental aligner treatment has been a form of therapy recognised by the German Orthodontic Society since 2004. It is neither as painful nor time-consuming as treatment with braces because it eliminates the need for consecutive visits to, and readjustments by, the doctor.

Unlike its competitors, PlusDental can rely on in-house development, aligner production in its Berlin dental laboratory and on medical checks by licensed dentists.

Already over 35.000 patients have aligned their teeth with a PlusDental treatment.

PlusDental currently employs over 400 people and plans to have a turnover of well over 100 million euros by the year’s end. 


About PlusDental

About Jebsen Group

Founded in 1895, Jebsen Group is a leading brand builder and a focused marketing, investment and distribution organisation. A family-owned private company with over 125 years of continuous presence in Greater China, Jebsen is committed to supporting our partners’ needs in building market demand, generating sales, and connecting customers across the region. As a strategic co-pilot, Jebsen elevates the value of partnering brands and helps them achieve success.

Under the master brand of Jebsen, the Group has four Core Business Lines – Motors, Beverage, Consumer and Jebsen Capital – and two further established business lines around Industrial and Logistics. Jebsen offers over 200 of the world’s premium brands extensive and specialised local market access. Outside the region, Jebsen enjoys close ties with sister companies in Australia, South East Asia, Denmark and Germany. 

For more information, visit www.jebsen.com


 

++World Cup hero Mario Götze sinks his teeth in and invests++ 

++Expansion into three more European markets and China planned++

The PlusDental management team from left to right: Eva-Maria Meijnen (Co-CEO), Lukas Brosseder (Founder / MD), Dr. med. dent. Lan Huong Timm (Chief Medical Officer) and Peter Baumgart (Founder / CEO).

The secret of this Berlin-based health tech company's success? PlusDental works with the most successful dentists in Europe and, with their expertise, has digitised the entire dental correction process. From making the appointment to planning the treatment, from follow-up checks to billing, each step is carried out on their self-developed digital dentistry platform. Every set of aligners is produced in the company's own dental laboratory in Berlin according to the latest medical standards and under the supervision of master dental technicians.

Today, around 200 dental practices in Germany, Austria, Switzerland, Great Britain, Spain, France, the Netherlands and Sweden already work with PlusDental. By the end of the year, this network will have grown to more than 500 partners.

More than 35,000 patients have already had a successful PlusDental treatment. The customer rating platform "ausgezeichnet.org" even commended PlusDental for having the highest patient trust among all companies in this field.

Just last year, the Chinese Ping An Global Voyager Fund joined PlusDental in a €32 million financing round. Ping An is a technology-based financial services company and global market leader in telemedicine, operating the "Ping An Good Doctor" platform with over 700.000 digital doctor visits every day.

About HV Capital

Since 2000 HV Capital, formerly HV Holtzbrinck Ventures, has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth investors in Europe. HV Capital has already invested in around 200 companies, including Zalando, Delivery Hero, FlixMobility, Depop and SumUp. The total of all HV Funds amounts to €1.7 billion. The company supports startups with capital between €500,000 and €50 million. This makes HV Capital one of the few venture capitalists in Europe that can finance startups through all growth phases.

For more information, visit https://www.hvcapital.com/

About Lakestar

Lakestar is one of Europe's leading venture capital firms investing in technology companies led by exceptional entrepreneurs. The team’s early investments included Skype, Spotify, Facebook and airbnb. Since raising a first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early stage funds, and more recently a growth fund. The company has expanded and broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GYG, Glovo, Sennder, Eigen, FiveAI, Revolut and Hometogo to name a few. Lakestar has presence in Berlin, Zurich and London. Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology and marketing. The investments range from early stage companies to those in their growth stage. Visit us on LinkedIn and our website.

 

About PING AN GROUP

Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) is a world-leading technology-powered retail financial services group. With over 204 million retail customers and 534 million Internet users, Ping An is one of the largest financial services companies in the world.Ping An has two over-arching strategies, “pan financial assets” and “pan health care”, which focus on the provision of financial and healthcare services through our integrated financial services platform and our five ecosystems of financial services, health care, auto services, real estate services and smart city services. Our “finance + technology” and “finance + ecosystem” strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An Group is committed to upholding the highest standards of corporate reporting and corporate governance. The Company is listed on the stock exchanges in Hong
Kong and Shanghai.In 2020, Ping An ranked 7th in the Forbes Global 2000 list. In 2019, Ping An ranked 29th on the Fortune Global 500 list. Ping An also ranked 40th in the 2019 WPP Millward Brown BrandZTM Top 100 Most Valuable Global Brands list. For more information, please visit www.pingan.cn.

 

About PING AN GLOBAL VOYAGER FUND

Established in 2017 by Ping An Insurance (Group) Company of China, Ltd (“Ping An”), the Ping An Global Voyager Fund is a Hong Kong-based investor in growth stage fintech and healthtech companies. The fund typically invests between US$15 million and US$50 million in non-control positions in companies where an affiliation with Ping An is likely to create significant mutual value over time. The Fund has invested approximately US$250 million across Europe, Asia and North America.

 

About Cadence Growth Capital 

Cadence Growth Capital (CGC) is a DACH (German speaking countries) focused tech-enabled growth private equity firm with a focus on partnerships with high quality companies with strong organic and inorganic growth prospects. CGC provides capital, operating expertise and access to its extensive network with a view to help transform innovative businesses into lasting, category-defining leaders. CGC serves as active owner and partner to the founders and management teams to develop portfolio companies to create long-term value driven by growth. CGC invests capital on behalf of over 80 HNWIs from the founder, M&A, PE and corporate community and for selective institutional co-investors like SchroderAdveq, EIF, Commonfund, Phoenix Group as well as family offices, etc. The partners at CGC have been investors in more than 25 transactions with a combined investment experience of over 30 years. The CGC portfolio includes: Sherpany, everphone, PlusDental, MITOS and Moonfare. To find out more about CGC click here:

www.cadencegrowthcapital.com or www.linkedin.com/company/cadence-growth-capital-gmbh.

 

Established in 2017 by Ping An Insurance (Group) Company of China, Ltd (“Ping An”), the Ping An Global Voyager Fund is a Hong Kong-based investor in growth stage fintech and healthtech companies. The fund typically invests between US$15 million and US$50 million in non-control positions in companies where an affiliation with Ping An is likely to create significant mutual value over time. The Fund has invested approximately US$250 million across Europe, Asia and North America.

About PING AN GROUP

About PING AN GLOBAL VOYAGER FUND

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About Kreos Capital

Kreos Capital is the leading growth debt provider in Europe and Israel, backing high-growth companies through every stage of their life cycle. Kreos targets investments in all areas of the Technology and Healthcare sectors and, to date, had committed in excess of €3.1 billion in more that 630 portfolio company transactions, across 17 countries.