Summary: Torch Dental has expanded nationwide, raising over $17 million to develop AI-driven tools that streamline procurement for dental practices. Opening an Austin office to serve additional regions, Torch leverages technology to manage more than 100,000 SKUs, saving dental teams time and money. Investment partners include Amex Ventures and other industry experts.

Key Takeaways:

  • Torch Dental’s AI-powered spend management platform simplifies procurement decisions and reduces costs across thousands of product SKUs.
  • Strong investor support and nationwide expansion underscore Torch’s commitment to efficient supply chain solutions and continued innovation in the dental industry.

Torch Dental announced that it has gone live nationally in the United States and is opening an Austin, Texas office to serve customers in the South, Mountain, and West Coast regions. Torch Dental plans to continue growing in 2025, after raising over $17 million in financing from Amex Ventures, Alumni Ventures and Parameter Ventures, alongside existing investors, Raga Partners, Bessemer Venture Partners and Health Velocity Capital.

The company provides AI-powered spend management tools to make intelligent procurement decisions.

“We are proud to be empowering dental practices to manage their spending and make intelligent purchasing decisions. We are now able to serve the continental United States, and are enthusiastic about leveraging AI to help create a more efficient supply chain,” said Khaled Boukadoum, co-founder of Torch Dental.

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Data-Driven Decision Making

The company’s platform leverages AI technology to manage over 100,000+ SKUs from thousands of brands. Customers can optimize purchasing decisions, taking into account quality, price, and availability which can drive monetary savings and save time for dental teams.

The company successfully launched on the West Coast in the third quarter of 2024. Torch Dental is now officially live across the continental United States and is expanding its customer base by incorporating more brands and suppliers to broaden its offerings to dental practices. To support its growth, Torch Dental has raised additional capital to hire talented team members in engineering, growth and business roles and is opening an Austin, Texas office.

Investor Support

“Torch Dental provides an innovative approach to managing dental supplies and it is clear that their value proposition is resonating,” said Margaret Lim, managing director, Amex Ventures. “We are excited to be backing Torch Dental as they continue to lead the way in driving B2B procurement and supply chain innovations for this industry.”

The company is now partnered with over 3,000 dental practices and supported by industry experts and entrepreneurs such as Jeffrey Slovin, former chief executive officer of Dentsply Sirona, Joshua Zable, former vice president at Dentsply Sirona, Gerard Moufflet, CEO of Acceleration International, and others.

“We are thrilled to have such strong support from new as well as existing investors for a solution focused on solving a real world problem for small business owners,” said Yassine Boukadoum, co-founder of Torch Dental. “The oversubscribed financing round in 2024 enables us to continue innovating and delivering exceptional value to our dental practice and supplier partners.”

Photo via Torch Dental