The Technology team guided Archy in raising $20 million in Series B funding. TCV led the financing, which also included participation from Bessemer Venture Partners, CRV, Entrée Capital and 25 practicing dentists who wrote checks as angel investors. The raise brings Archy’s total funding to date to $47 million. The company plans to use its new capital to hire across its engineering, AI, and go-to-market teams.
Archy is a cloud-native, AI-powered SaaS platform built as an integrated solution that unifies scheduling, charting, billing, imaging, insurance, payments, staffing, and reporting into one streamlined system. Designed to empower dental teams to spend less time wrestling with software and more time delivering care, Archy aims to help practices save thousands in annual overhead while vastly improving operational efficiency.
The Goodwin team was led by John Casnocha, Hilarie Sexton, Ari Ghavami and Aoife Devereux.
For more information on the deal, please read the coverage in Crunchbase.