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September 10, 2020updated 11 Sep 2020 3:48pm

LightForce Orthodontics raises funds expand dental technology

LightForce Orthodontics, which specialises in manufacturing fully customisable 3D-printed bracket systems, has raised $14m in a Series B round led by Tyche Partners.

LightForce Orthodontics, which specialises in manufacturing fully customisable 3D-printed bracket systems, has raised $14m in a Series B round led by Tyche Partners.

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The company also received follow-on investment from Matrix Partners and AM Ventures.

LightForce enables orthodontists to use its 3D-printing technology to develop custom braces for each individual patient.

It significantly reduces the number of in-person dental visits for the patient, minimising their risk, as well as that of the orthodontists and their teams during the Covid-19 pandemic.

LightForce said it plans to use funds to develop its technology and product offerings. Additionally, the company will scale up its operations to meet the ongoing spike in demand for more efficient dental technologies.

Tyche Partners managing partner Weiji Yun said: “We are always looking for visionary entrepreneurs, utilising the latest cutting-edge technologies to transform and revolutionise industries.

“Alfred and Lou’s inspirational vision offered us an opportunity to expand our 3D-printing investment portfolio and the company’s rapid growth is proof that the industry is primed for a solution that improves the orthodontic experience for patients and doctors alike.”

LightForce offers LightPlan treatment software, Cloud Brackets braces, patient-specific indirect bonding (IDB) tray called LightTray and TurboTrays for bite correction.

The company’s technology uses ceramic material, which looks similar to virtual injection-moulded brackets formulated for 3D-printing.

LightForce CEO and co-founder Dr Alfred Griffin III said: “We are seen LightForce provide shorter treatment times, fewer appointments and an overall more efficient experience for patients and doctors. In the last year, our business has doubled every quarter, and that tells me that LightForce has pinpointed a true need within the orthodontic space.

“We look forward to growing with our investors, partners and the orthodontic community to provide the best experience and outcomes for our patients.”

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Free Report
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What is driving M&A activity in the MedTech space?

The COVID-19 pandemic has left an indelible mark on the MedTech landscape. Changes in how healthcare is delivered, and new treatment modalities, are creating opportunities and challenges for both new and traditional players. As companies sought out opportunities during the pandemic-driven downturn, the number and value of mergers and acquisition deals in the MedTech space increased. Companies worked to reposition themselves in the newly aligned healthcare world, but with further economic turmoil expected: will these trends be repeated? And what tech areas should firms be looking to expand their capabilities into? GlobalData’s report, “Themes driving M&A activity in the Medical Devices Sector, Q1 2022,” draws upon GlobalData’s extensive MedTech deals databases, highlighting major trends and hot themes in M&A activity. This report will assist you in:
  • Understanding value and volume trends in M&A from Q1 2018 to Q1 2022
  • Understanding regional trends in M&A activity
  • Understanding which medical device sectors are leading M&A activity, and which are lagging
  • Understanding the leading tech trends in Q1 2022 M&A activity
  • Knowing the key deals that occurred during Q1 2022
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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