Archy, a San Francisco, CA-based all-in-one payments and management platform that powers an entire dental practice, announced it is emerging from stealth with $10 million in seed funding.
The round was co-led by Bessemer Venture Partners and CRV, with additional participation from Alven, Nurzhas Makishev, Adapt Ventures, 2.12 Angels, Diagram Collective, Somrat Niyogi, Instacart CEO Fidji Simo, and former Uber CTO Thuan Pham, among others.
The company will use the funding to continue its hiring efforts, fuel its research & development plans, and scale marketing campaigns.
“Software has historically been a universal pain point for dental teams, and we’re proud that Archy is leading the way in closing that gap,” said Jonathan Rat, Founder, and CEO of Archy. “We’ve intentionally built Archy to have an intuitive design and user-friendly approach so that dental practice owners can spend less time doing clerical work and more time serving their patients. This new funding will allow us to continue getting the word out to dental practices that there is a better solution on the market for those wanting to save money, have deeper patient engagement, access to useful analytics, and more.”
By partnering closely with an advisory board comprised of leading dentists with more than 80 years of experience, Archy plans to eventually explore features like teledentistry, AI/machine learning for claims, and more, and inventory management.
Archy is presently available for free to dental startups until they reach 500 patients.
Company: GrindFoundry, Inc.
Raised: $10.0M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Bessemer Venture Partners and CRV
Additional Investors: Alven, Nurzhas Makishev, Adapt Ventures, 2.12 Angels, Diagram Collective, Somrat Niyogi, Fidji Simo, and Thuan Pham
Company Website: https://www.archy.com/
Software Category: Payments and Management platform
About the Company: Archy is an all-in-one patient, practice, and employee management system for dental entrepreneurs who commonly lose up to 15% of their bottom line to inefficient and archaic software. Archy’s mission is to continue building and scaling a comprehensive cloud-based dental practice management software platform that combines all the core features practice owners need, including patient engagement, payroll, practice management software, imaging, analytics, and payment processing, eliminating the need for practices to cobble together fragments of software that only do a handful of these functions.
Source: https://www.businesswire.com/news/home/20221107005378/en/Archy-Raises-10-Million-in-Funding-To-Simplify-Dental-Practice-Ownership