The Dubai-based dental services startup Udenz has raised over US$ 203,000 from 33 investors in total, coming from 10 different countries. The successful crowdfunding campaign started in April last year, and it was executed via the platform Eurecca.
Founded in February 2016 to connect users with dentists, the In5-incubated Udenz managed to increase its user database by 500%. In addition to that, it also fulfilled more than 800 appointments valued at US$ 75,000 in 2017. Furthermore, the startup also operates as a one-stop-shop platform for patients and dentists in the Emirate.
The platform is not only oriented to dental patients but to the dentists as well. The patients can go through the dentists’ profiles and choose the right specialist for them. The dentists, on the other hand, can create offers and plans for treatment, to subscribe for educational materials, marketing tools, and tips.
Dr. Hisham Safadi, the co-founder and the CEO of Udenz highlighted one of the greatest benefits of the site, namely the ”current visit time request” policy. It means that the dentists have less than 20 minutes to accept your appointment request. Thus, there is no hassle, no waiting time, or time slot allocation, explained Safadi.
Dr. Saif AlJaibeji, the co-founder of Sehteq, the medical tourism facilitator which invested in the dental startup, commented that Udenz proved itself as a hyper-growth startup. Moreover, it managed to triple its network of dental professionals over the past few months. Nowadays, it lists as many as 2,000 verified dentists in the Emirate. In addition to that, the ambitious startup managed to increase its users database as well. Since the launch of its mobile version, it succeeded to attract over 60,000 users from Dubai and the GCC. Next to that, it also registered 10,000 searches on its website.
Launched in 2013, Eurecca is the first global equity crowdfunding platform. Its investors’ network includes casual and angel investors, as well as big institutional investors and private equity firms. The platform is popular in more than 36 countries worldwide. The average investment size is US$ 5,800 and more than 67% of all the proposals were overfunded.