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Net32

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Net32 inc, an eCommerce solution for the dental supply industry

Cary, United StatesFounded 2001Fintech
Valuation $50–100M Last recorded · 2000
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Net32 and the history behind them.

About Net32

Net32 operates as an online business-to-business marketplace, specifically tailored for the dental supplies and equipment industry, and has been described as the 'Amazon for dentists'. The company was founded between 1997 and 1998 by Dr. Pat Cassidy, a practicing dentist with over 30 years of experience who identified inefficiencies in the traditional, rep-driven procurement process. Dr. Cassidy's vision was to create a centralized platform that provides price transparency and empowers dental practice owners.

The firm's business model is centered on its marketplace platform, which aggregates product catalogs from a wide array of vendors, including direct-sell manufacturers and distributors. This allows its clients—primarily dental professionals and purchasing managers—to compare prices and quality for over 100,000 product listings in one place. Revenue is generated by charging vendors a market-competitive commission on their monthly sales through the platform. Net32 handles customer service communications, allowing vendors to concentrate on order fulfillment. The platform's proprietary comparison shopping software is protected by a U.S. patent.

The service is designed to reduce overhead costs and simplify the purchasing process for dental practices, from solo offices to larger group networks. It enables users to search, compare, and order from multiple vendors, view real-time pricing, and read thousands of verified reviews from other dental professionals. The platform also offers features like order consolidation to help clients save on shipping costs. In early 2025, the company appointed Andreas Frank, a veteran of the dental and medical industries, as its new CEO to steer its next growth phase. In 2021, the company reported 33% revenue growth and a 26% increase in transaction volume.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2001
Headquarters
Cary, United States
Employees
71
Open positions
None listed
Dealroom signal
76.0/100
Industry
Health, Fintech
Sector
Fintech, Wholesale, Shopping, Retail, B2b Online Marketplace, Healthcare B2b
Business model
Marketplace & ecommerce
Client focus
b2b, b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Jan 2000 $12M $48M Acacia Venture Partners · InterWest Partners · C/max Capital Corporation · Sanderling Ventures —
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Net32 website traffic

Latest recorded traffic for Net32 is 630K monthly website visits, up 43.2% over the last three months. Net32's team grew 10.9% over the past year.

Latest monthly visits630K 3-month web change+43.2% 1-year team growth+10.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later4 investors entered at this stage

Other known investors1 additional known investor

  • Riverside Partners
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Net32 on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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