The American startup Toothio, a developer of a marketplace that connects certified dental professionals with clinics, has raised $5 million in funding. Among the investors is the Ukrainian fund Roosh Ventures. The round was led by NVP Capital and Craft Ventures, with additional participation from Rho Capital, Marketplace Capital, Burst Capital, Revere Partners, Karman Ventures, Az Crown, and Connexa Capital.
Toothio provides private dental clinics and Dental Service Organizations (DSOs) access to a vetted pool of over 30,000 highly qualified dental professionals. The company's software algorithm matches recommended professionals with open shifts nearby. With a 97% fill rate for open shifts, Toothio helps dental practices and DSOs optimize operations and maintain high-quality patient care.
In addition to securing funding, the startup announced its expansion into eight more U.S. states.
"We believe the world is moving toward a gig economy, where people seek flexibility in choosing their work hours, locations, and more. This brings challenges for workers adapting to new trends. Our portfolio already includes companies like Deel and Jump, offering solutions in this area. Now, we’ve invested in Toothio, a skilled team addressing staffing shortages specifically in the dental sector. The team has successfully implemented this business model with Qwick and is now ready to scale in the dental industry," noted Andriy Tymovskiy, Principal and Junior Partner at Roosh Ventures.
This recent funding and market expansion come amid significant growth for Toothio: in 2024 alone, over 15,000 new dental professionals joined the platform. Since its founding, the company has seen an annual growth rate of 300%.
“Toothio addresses specific issues in a targeted niche. Dental clinics gain access to skilled professionals and additional work flexibility, while clients get fast access to nearby dentists. It’s a win-win for startup users, and a clear success for us as investors supporting a business that truly understands and solves client pain points,” said Serhii Tokariev, Co-founder and Partner at Roosh Ventures.
