Dental software startup Carestack raises $25 million, plans to double employees

Cloud dental software startup CareStack has raised $22.5 million from existing investors SteadView Capital, Accel Partners, Eight Roads, F-Prime Capital and Delta Dental of California.

The company, based in Thiruvananthapuram, plans to use the funds to expand its operations and double its employee base. CareStack had previously raised $28 million from the same set of investors in late 2019. It has raised more than $60 million in total so far.

Founded in 2015, CareStack's software solutions allow dentists to manage all key functions including appointments, treatments, claims, payments, patient communication, and reporting and analytics on a single platform.


"CareStack enables offices to move away from the complexities of using multiple fragmented solutions and manage everything through modern dental software. Our vision is to lead the digital transformation of the dental industry and enable offices to operate at their highest potential," said CareStack co-founder and chief executive Abhilash Krishna.

The startup claims to have doubled its revenues in 2020 and grown its global workforce from 200 employees at the start of the year to 370 employees at present.

"In a short span of time, CareStack has established itself as the market leader in the dental practice SaaS vertical in North America," said Shekhar Kirani, Partner at Accel.