Singapore-based dental startup Zenyum has raised US$13.6 million in series A funding from RTP Global, Sequoia India, TNB Aura, and Enterprise Singapore’s Seeds Capital, among other investors.
Zenyum plans to use the fresh funds to fuel its expansion plans to markets like Vietnam, Indonesia, and Taiwan. It currently operates in Singapore, Hong Kong, Malaysia, and Thailand.
Founded in 2018, Zenyum aims to make invisible dental braces more accessible in Asia. Through its technology, it provides 3D-printed braces and offers cosmetic dental treatment. Its app serves as a touchpoint between doctors, Zenyum’s in-house orthodontists, and customers, saving chair time in clinics.
It now looks to expand its offerings beyond aligners and move into retainers and teeth whitening, creating a new category of products called smile cosmetics.
Zenyum, which currently has a team of 100 people across Southeast Asia, claims to have seen “exponential” growth over the last 12 months. It said its revenue has been growing by 20% to 30% month on month. It also estimates to have expanded the clear aligner market by 20% of the total market size so far in countries like Singapore.
Zenyum was part of the inaugural Surge cohort, an accelerator set up by Sequoia India to support early-stage startups in India and Southeast Asia. It received US$1.5 million in seed money as part of the program.
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