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Net32
Net32 inc, an eCommerce solution for the dental supply industry
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jan 2000 | $12M | $48M | Acacia Venture Partners · InterWest Partners · C/max Capital Corporation · Sanderling Ventures | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
Acacia Venture Partners
InterWest Partners- CCC/max Capital Corporation
Sanderling Ventures
Other known investors1 additional known investor
- RPRiverside Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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