ALLVP Invests in Dentalia, Mexico’s leading dental clinic network
Mexico City, September 19th 2016.- ALLVP continues to consolidate its foothold in Latin America’s fast-growing healthcare industry with the announcement of their seventh health-related investment: Dentalia, Mexico’s leading dental clinic network with 54 centers in 15 cities across the Republic. Dentalia has positioned itself as the go-to dental care provider in Mexico through its one-stop shop model that offers patients a wide array of services from basic dentistry care to complex orthodontic treatment. ALLVP is leading the Company’s MXN $100M Series B round alongside existing investors to foster growth and propel Dentalia forward as an international benchmark for high quality dental services.
When the first clinic opened its doors in 2006, founder and CEO Federico Weber had a vision to transform dental care in Mexico by offering patients quality and easy to access comprehensive dental care services under one roof. The Company’s decade-long stance within the dental care industry has enabled it to successfully achieve product-market fit through a mix of standalone and shopping center clinics that primarily target Mexico’s growing middle-class and provide dental plans to institutional patients. Since inception, Dentalia’s patient-centered business model has scaled delivering over 700,000 treatments and achieved a 65% compounded annual revenue growth driven by the competitive advantages of unique patient experience, a strong internal culture and partnerships with insurance companies.
Dentalia is ideally positioned in a market that has the potential to grow fivefold in light of Mexico’s patient consultation rates’ convergence to the US dental market. Dentalia’s alliances with insurance companies play an important role in unlocking an ever-growing patient base for the Company as more insurance market players offer dental coverage as part of traditional policies, giving clients access to a dental welfare through regular check-ups, x-rays and other services. To complement this growing demand, Mexico has double the dentist talent pool per capita of the US giving rise to a steady equilibrium in market demand and supply. “ALLVP is thrilled to partner with an industry leader such as Dentalia who is the pioneer of high quality dental care in Mexico, and we look forward to leveraging our experience in high volume healthcare models to contribute to Dentalia’s success”, commented Federico Antoni, Managing Partner of ALLVP, on their investment in the Company.
Dentalia is led by an exceptionally talented and committed team, with a clear vision to improve oral healthcare in Mexico and to consolidate Dentalia as the international market leader for innovative and personalized dental care services: “We are very happy to welcome ALLVP on board and believe their solid track record of investing in healthcare in LATAM paired with their go-to market expertise will be vital to Dentalia’s continuing success” commented Federico Weber on Dentalia’s partnership with ALLVP.
About Antoni & Lelo de Larrea Venture Partners
ALLVP - Antoni & Lelo de Larrea Venture Partners - founded by Federico Antoni and Fernando Lelo de Larrea in 2012, is the most active early stage health care investor in Mexico. With twenty-three highly innovative companies within the healthcare, energy, fintech, consumer digital and enterprise digital sectors across two portfolios, the fund has invested in other successful companies such as Weex - the MVNO for millennials, Cornershop – the fastest growing on-demand grocery platform in Latin America and Médica Santa Carmen – state-of-the-art network of low cost integral care centers for patients with chronic kidney failure. The firm is a member of the Latin-American Venture Capital Association (LAVCA), the Mexican Private Equity Association (AMEXCAP) and Endeavor Investor Network.