What is Quip?
Quip operates at the intersection of consumer technology and healthcare, providing a suite of thoughtfully designed oral care products alongside professional dental services. Since its inception in 2015, the company has focused on simplifying the oral hygiene experience through a subscription-based model that emphasizes accessibility and user-centric design. By integrating hardware, such as electric toothbrushes, with recurring supply deliveries and professional care coordination, Quip has effectively captured a significant share of the modern wellness market. Its market position is defined by a seamless digital-first approach that bridges the gap between daily home maintenance and clinical dental visits, effectively modernizing a traditionally stagnant industry.
How much funding has Quip raised?
Quip has raised a total of $152M across 4 funding rounds:
Private Equity
$10M
Other Financing Round
$40M
Debt
$2M
Private Equity
$100M
Private Equity (2017): $10M with participation from Sherpa Capital
Other Financing Round (2018): $40M led by Triplepoint Capital and Sherpa Capital
Debt (2020): $2M supported by PPP
Private Equity (2021): $100M featuring Cowen Sustainable Investments
Key Investors in Quip
Sherpa Capital
Sherpa Capital is a private equity investment firm that operates within the alternative asset management sector, focusing on investing in and transforming mid-sized companies across the Iberian region. The firm adopts an active ownership approach, working closely with management teams to design and implement transformation strategies.
Cowen Sustainable Investments
Cowen Sustainable Investments focuses on providing growth capital to companies that demonstrate a commitment to sustainable business practices and long-term environmental or social impact.
Triplepoint Capital
Triplepoint Capital is a prominent venture lending firm that provides customized debt financing solutions to high-growth, venture-backed companies across various technology sectors.
What's next for Quip?
With the infusion of $100M, Quip is well-positioned to accelerate its strategic expansion into broader health-tech verticals. The company is expected to prioritize the scaling of its professional dental care services, potentially deepening its integration with clinical providers to create a more cohesive patient journey. Furthermore, the capital will likely support continued R&D efforts to enhance its product ecosystem, ensuring that Quip remains at the forefront of oral health innovation. As the firm matures, the focus will shift toward optimizing operational efficiencies and expanding its footprint in the competitive wellness landscape, leveraging its strong brand equity to drive long-term value for stakeholders and consumers alike.
See full Quip company page
