Prognosis
Orthodontics Startup SmileDirectClub Gets $3.2 Billion Valuation
- Clayton, Dubilier & Rice leads round; Kleiner Perkins joins
- Nashville-based startup leads boom in at-home orthodontics
A SmileDirectClub kit.
Source: SmileDirectClubThis article is for subscribers only.
SmileDirectClub, the startup at the forefront of a boom in at-home teeth straightening, said it raised $380 million in a new funding round, valuing the company at $3.2 billion.
Leading the financing was private equity firm Clayton, Dubilier & Rice, with participation from venture capital firms Kleiner Perkins and Spark Capital, SmileDirectClub said in a statement Wednesday. As part of the deal, CD&R partner Rick Schnall will join SmileDirectClub’s board of directors.