Wellplaece Introduces Private Beta of their Dental Procurement Solution

Wellplaece, a dental marketplace that aims to streamline the buying process for dental supplies, has announced the launch of its Private Beta along with securing a $5.5 million seed round of funding. The funding includes contributions from a pre-seed round, with Eniac Ventures and Bee Partners leading the investment.

Dental Supply Procurement Solution

Wellplaece aims to provide a more efficient and cost-effective solution for Dental Support Organizations (DSOs), group practices, and single practices to purchase supplies. The current process of ordering supplies and comparing prices is fragmented, time-consuming, costly, and prone to human error, says the company. Wellplaece aims to address these issues by offering a consolidated and streamlined purchasing experience.

The company utilizes a performance-based business model driven by artificial intelligence (AI) technology. By leveraging aggregated customer volume, they are able to negotiate market-competitive pricing for its clients, says a press release. Wellplaece also enables practice or group-specific purchasing by utilizing customer-specific settings across a wide network of suppliers. Additionally, clients are only billed after their orders are successfully processed, placed, and confirmed delivered.

Consolidated Order Portal and Savings

According to Wellplaece, the key benefits of using their marketplace include immediate cost savings, a consolidated order portal, strategic product flexibility, unified invoicing, and expanded marketplace access. The company’s AI-powered technology compares and purchases products, both existing ones and new ones, on behalf of clients, without disrupting existing vendor relationships. 

Internal research conducted by Wellplaece reveals that dental practice offices typically rely on multiple suppliers, ranging from three to seven on average. Wellplaece aims to empower dental offices to utilize their time more efficiently and provides valuable data for optimizing interoffice operations, decision-making, and business intelligence. This is particularly beneficial for the management of group practices.

Scaling Up Operations 

Co-founded by Caen Contee, a serial entrepreneur and founding team member of global micromobility startup Lime, and Ivan Bertona, CTO and lead software engineer, Wellplaece is already experiencing significant growth. The company is scaling up its operations to meet the increasing demand in the industry. With the launch of their automated, multi-vendor supply product purchasing platform, Wellplaece aims to revolutionize the dental procurement process.

“As the dental industry and private group practices evolve into this new decade, it’s becoming clear that it’s just as important and impactful to save on the bottom line and make your practice more operationally efficient as much as it is to focus on topline growth, upselling patients, treatments, and maximizing patient throughput,” said Contee. 

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