Archy, a San Jose, CA-based provider of dental practice management software, has secured $15 million in Series A funding.
Investors
The round was led by Entrée Capital, with participation from Bessemer Venture Partners, CRV, Alven, and 20VC Growth.
Entrée Capital is a venture capital firm that funds multi-stage startups and companies worldwide. Founded in 2009 and based in Herzliya, Israel, Entrée Capital manages over $1.25 billion across nine funds and has invested in over 180 startups, with offices in Tel Aviv, London, and New York.
Archy Use of Funds
The company will use the funding to support the expansion of its platform and the development of advanced features, including machine learning and analytics for revenue cycle management.
About Archy
Founded by Jonathan Rat and Ben Kolin, Archy provides dental practice management software designed to help dental practices save time and money. It automates administrative and operational tasks such as scheduling, billing, insurance verification, patient communication, and x-ray analysis. The platform also offers real-time insurance verification, automated claims processing, and tools to manage patient forms and communication. Archy has already been adopted by hundreds of practices across the U.S.
Funding Details
Company: Archy
Raised: $15.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Entrée Capital
Additional Investors: Bessemer Venture Partners, CRV, Alven, 20VC Growth
Company Website: https://www.archy.com/
Software Category: Dental Practice Management
Source: https://www.unite.ai/archy-raises-15m-to-revolutionize-dental-practices-with-ai-driven-automation/