Innobeid raises 12B KRW Series B to scale dental lab platform Dentlink
What's the deal? Innobeid, the South Korean operator of dental lab platform DentlinkDealroom has a profile for this one. Try Dealroom →, has raised 12,000,000,000 KRW (about $7.8 million) in a Series B round.
SBVA led the round, with new backer IBK Industrial Bank of KoreaDealroom has a profile for this one. Try Dealroom → joining existing investors Wonik Investment PartnersDealroom has a profile for this one. Try Dealroom →, Translink Investment, and Murex PartnersDealroom has a profile for this one. Try Dealroom →.
Dentlink digitises dental prosthesis manufacturing by combining data capture, dentist-technician communication, and automated quality control.
The company says it cut the prosthesis re-fabrication rate from over 10% to roughly 1%.
Why now? Innobeid reports a 2.5-fold rise in both client clinics and revenue over the past year.
It will use the cash to scale in the United States and Australia and to build automated manufacturing centres.
What could go wrong? Expanding into the US and Australian markets means competing with deep-pocketed rivals.
Dental AI startup Pearl recently closed a $58 million round — a reminder that capital is flowing fast into the sector.
The signal: Innobeid is part of a wider wave of South Korean startups raising to digitise traditional industries.
It announced its round alongside maritime control firm JJ&Company, which closed a 3,000,000,000 KRW Series A, and quantum detector developer Q-rd, which raised 21,000,000,000 KRW in a Pre-Series A.
Together, the deals point to growing investor appetite for companies bridging legacy industries and digital tools.
Read more: archynewsy.com
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