Flossy raises $14.7 million
Flossy, a startup bringing “high quality, affordable dental care to everyone,” has closed a $14.7 million Series A round led by TTV Capital, with participation from Slow Ventures, 8VC, Clocktower Technology Ventures, and SV Angel, as well as the founders of Carbon Health, Flatiron Health, Modern Animal, FabFitFun, GOAT, Tradesy and others.
Founded in 2020, Flossy, which currently operates in Arizona, New Mexico and Michigan, claims that it is the first “pay-as-you-go discount dental solution,” connecting patients to highly rated dentists at an affordable price, with discounts of up to 50%. The startup says that it only accepts the top 20% of dentists from its dental network partners.
Patients are able to see each clinician’s discounted pricing structure with Flossy and book their appointments online. Additionally, clinicians receive payment for their services from Flossy in 15 days, “drastically outpacing the standard 60-90 day pay out that they receive from dental insurance companies.”
“We’ve seen how many Americans struggle to understand their dental insurance, often finding out the hard way that their policies are capped, and their deductibles and copays cover far less than they expect. And for those who are uninsured, they don’t even attempt to see a dentist. We are completely changing the way that patients receive dental care, offering discounted and transparent pricing, a curated dental experience and financing options for patients that have been traditionally underserved in the system. This is what the future of dental care looks like and we couldn’t be more grateful to our new and existing investors for helping us on this important journey.” – Miles Beckett, co-founder and CEO of Flossy.
“We are excited to partner with the experienced team at Flossy and help them realize their vision of bringing affordable dental care to everyone. A tech-supported solution like Flossy has been a long time coming, and we can’t wait to see the massive impact they have on the lives of patients and providers alike, as they scale nationwide.” – Mark Johnson, partner at TTV Capital.
