Asprodental
About this raise: Asprodental, a dental practice management software with a post-money valuation of $4.3 million, is raising funds on NetCapital. The software is an enterprise SaaS for dentists that offers the management of health records, insurance billing, etc. on one platform. Asprodental also provides consumer interface and eliminates an hour of redundant paperwork per dental workday. The company was founded by Tiffany Nguyen and Kimberly Nguyen in 2018 and is growing well. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $253,000, will be used for feature enhancements, marketing, support and maintenance, and data conversion. Asprodental already has two revenue generating clients and is ready to onboard a third client.
Investment Overview
Invested : $27,112
Deal Terms
Total Commitments ($USD)
- Platform
- Netcapital
- Start Date
- 06/07/2019
- Close Date
- 12/03/2019
$10,000
$253,000
$99
Equity - Common
RegCF
$0.46
$4,347,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Location
- Fullerton, California
- Company Website
-
Visit Website
Team
- Employees
- 3
Financials
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Summary
Asprodental has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected into the top 10%-20% of our due diligence funnel. If you have questions regarding our deal diligence and selection methodology, please reach out to [email protected].
Problem
The healthcare industry has lately been heavily scrutinized as the demand to lower the cost of healthcare clashes with the demand for increased quality. In recent years, private practices struggled to keep up with the rate at which large corporations have managed to lower their prices, despite corporations offering insuperior( inferior) care.
This is due, in part, to outdated technologies and systems that have kept owners from being competitive due to their inefficiencies. Law and healthcare reform has changed the way in which private practices function, while their computing programs have not.
While nationwide dental offices switch to cloud computing, small practices lack the ability to match their efficiency. As a result, private practices charge more while taking longer to conduct exams. This combination has allowed franchised practices to overwhelm the private sector, resulting in a 50% decrease in the number of practices in recent years.
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/03/2019 | Netcapital | $4,347,000 | $27,112 | Equity - Common | Funded | RegCF |