UDENZ is confirming a successful Bridge fund round which was closed on 3 September 2020 by Global Ventures UAE and several angel investors. The bridge round was for $100K USD valuing the Dental app at £2M since the last crowdfunding round in 2017, led by Eureeca where UDENZ raised around $201K.
Despite the difficulties with COVID-19, UDENZ, the Dubai-based app that provides a variety of services to dentists and patients, has managed to survive the difficulties, and keep growing. The company was founded in 2016 by Dr. Hisham Safadi, an entrepreneur born and raised in Dubai.
The funds will be used to promote and market the new services offered by UDENZ for dentists and patients in UAE, KSA, and Oman.
Over the COVID-19 period, UDENZ marked several successful ventures. They had introduced dentist-patient online audio/video consultations using EazeTx Technology, one of the fastest growing online consultation tech providers in the UAE Market.
Additionally, the startup in early May 2020, began a pilot test for dental treatment installment plans via its new service UDENZPAY. This service offers an online payment solution that allowed patients to pay in installments for their dental treatments. The pilot cases succeeded in onboarding 10 dentists within the UAE that offer installment plans for patients referred through UDENZ.
General Manager of UDENZ, Dr.Fatema Ravat commented, “UDENZ business performance perspective has witnessed an increase thanks to the recent sudden increase in demand in the online health consultation services in the wake of the COVID-19 pandemic, which has led to a permanent shift in patient behaviors and attitudes. After the COVID-19 pandemic, it is expected that many dentists in the Arab Gulf region will record an increase in online oral health consultations between 20 and 30 percent”.
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