DM Healthcare Investment

uLab™ Completes $20 Million Financing From CareCapital

March 3, 2022

MEMPHIS, Tenn., March 3, 2022 /CNW/ -- uLab Systems™, the creator of the uDesign® treatment planning software and uSmile™ clear aligners, has raised $20 million from CareCapital in a convertible note financing.

Donald Huang, Managing Partner at CareCapital stated: "CareCapital is exclusively dedicated to discovering, funding and building only the most innovative companies with enabling technologies and services to help dental professionals achieve better clinical outcomes, patient satisfaction and productivity. We have been very impressed by uLab's treatment system that puts orthodontists in control of treatment plans at chairside, allows them to offer combo and hybrid treatments, helps them manage lab fees and market their practice brands.  We appreciate the uLab team's commitment to innovation and their orthodontist-centric approach."

Charlie Wen, co-founder, president and chief technology officer of uLab, further commented:

"We are very excited to have CareCapital as an investor in uLab. CareCapital is a world-renowned investor known for their focus and expertise on dental and oral care.  We welcome not only their endorsement of our technology, approach and people, but their global expertise in the innovative applications of digital technologies for the betterment of dental care."

uLab will use the funds to further advance the distribution and development of its innovative platform, which features efficient AI-assisted treatment planning, a ground-breaking pricing structure, rapid aligner delivery from the US-based manufacturing facility, the ability to plan for brackets and aligners in the same case, and custom packaging. There have been more than 400,000 uLab aligner and retainer cases planned to date in North America.