What is Quip?
Founded in 2015 and headquartered in Brooklyn, New York, Quip distinguishes itself by offering thoughtfully designed personal oral care products alongside accessible professional dental care services. The company's mission is to simplify, democratize, and enhance the overall oral hygiene experience for consumers. Quip's innovative approach has positioned it as a key player in the evolving health and wellness sector, blending direct-to-consumer strategies with a focus on preventative dental health.
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 known for its active ownership approach, focusing on transforming mid-sized companies through financial backing and deep operational involvement. They specialize in identifying businesses with strong potential that require strategic and operational enhancements.
Cowen Sustainable Investments
Cowen Sustainable Investments is an entity focused on capital allocation within the sustainability sector. Further details on their specific investment thesis are not publicly available.
Triplepoint Capital
Triplepoint Capital is a provider of debt financing solutions, typically supporting venture-backed companies through various stages of growth. Their involvement suggests Quip has utilized debt instruments to supplement its equity financing.
What's next for Quip?
The substantial enterprise-level funding and recent strategic investment indicate Quip is poised for significant expansion. This capital infusion is likely to fuel further product development, enhance its service offerings, and potentially broaden its market reach, both domestically and internationally. The company's focus on integrating personal care with professional services suggests a strategy aimed at capturing a larger share of the oral health market by offering a comprehensive solution.
See full Quip company page
