- Briefing Your roundup of Asian tech and startup news that matter
Aditya Hadi Pratama · · 1 min readSingapore dental startup backed by Sequoia’s Surge bags $40m in series B money
Zenyum, a Singapore-based dental startup, has raised US$40 million in its latest round.
More funding details
- Lead investor: L Catterton, a global consumer-focused private equity firm
- Existing investor: Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital, and FEBE Ventures
- Stage: Series B
More company updates
- L Catterton poured US$25 million in this round. Anjana Sasidharan, the firm’s head of growth investments in Asia, will be joining Zenyum’s board.
- Zenyum plans to use the fresh funds to accelerate its expansion in Asia, deepen its range of products, and develop its technology.
- The dental startup currently operates in Singapore, Malaysia, Indonesia, Hong Kong, Macau, Vietnam, Thailand, and Taiwan.
- Zenyum says its revenue increased 4x in 2020. According to data from VentureCap Insights, the company’s revenue in the financial year ended April 2019 stood at US$4.37 million, with an operating loss of US$5.18 million. The fourfold rise last year would mean that Zenyum’s revenue should be around US$17.5 million. Tech in Asia has tried to confirm this with Zenyum, but the company said it doesn’t disclose revenue numbers and that any official filings are for its Singapore entity only.
- According to Zenyum CEO Julian Artope, dental care and its surrounding products has a double-digit billion dollars opportunity in Southeast Asia.
- The startup was part of the first cohort of Sequoia Capital India’s Surge accelerator program in April 2019. Sequoia India also co-led the startup’s US$13.6 million series A round in November 2019.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
