15 March 2022

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uLab closes $20M funding

Katherine E. Pfaff

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uLab Systems has received $20 million in funding from CareCapital in a financing of convertible notes. uLab is the company behind uSmile clear aligners and the uDesign planning software system.

“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,” said Donald Huang, managing partner at CareCapital. “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."

Financing is planned to be used to continue development and for distribution of its uDesign platform that incorporates AI into treatment planning. The system is also available in a unique pricing model and the uSmile clear aligner is quickly available through manufacture with a US-based facility. Aligners can also be customized to each patient case and for each practice. 

"We are very excited to have CareCapital as an investor in uLab,” said Charlie Wen, co-founder, president and chief technology officer of 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."

Source: https://www.prnewswire.com/news-releases/ulab-completes-20-million-financing-from-carecapital-301494932.html