Keystone Law has advised Tooth Fairy Healthcare Ltd in connection with a venture capital fundraising round.
Founded in 2017 by Deepak Aulak and Kian Dhinsa, Tooth Fairy is an award-winning, dentist-founded and led service, offering invisible aligners.
In 2020, the global clear aligners market size was valued at US$2.6 billion. It is a sector set to experience significant growth, which has already seen companies like SmileDirectClub, Align Technology and Angelalign Technology complete blockbuster IPOs.
Tooth Fairy raised £3 million, which was led by impact VC firm ADA Ventures and Netherlands-based VC firm Slingshot Ventures, with participation from Seedcamp, All Iron Ventures, Haatch Ventures, as well as angels from the Atomico Angel Programme.
Deepak Aulak, Director and Co-Founder of Tooth Fairy, commented:
“We have found Simon and his advice to be one of the most important aspects of closing this deal; not only quickly, but fairly. With his sound legal advice, we can have trust in negotiating terms and confidence in being backed up with solid legal support. Having a legal partner like Simon, who is on your side and guiding you throughout the process, is invaluable and instrumental for any founder’s journey.”
“Working with Deepak and Kian is a pleasure. They have built a great company in a sector set to enjoy significant growth in the years ahead. Growing their company as quickly as they have done is testament to their vision and hard work. I look forward to continuing to work with them as they scale up the business to even greater heights, as they democratise dentistry along the way.”