OrthoAccel Technologies announced that it has closed on $5 million of equity financing round. The company continues to raise capital to expand its sales force and support its growth.
This financing announcement, which coincides with a public filing with the Securities and Exchange Commission, comes as AcceleDent is now available in more than 2,000 orthodontic locations in the U.S.
"We appreciate our capital partners for propelling the next phase of our market expansion and for the confidence they've placed in our strategic marketing and sales initiatives," stated Michael K. Lowe, president and CEO of OrthoAccel, in a press release. "Our rapid market adoption and growth over this past year has solidified OrthoAccel's position as the leader of accelerated orthodontics, and we anticipate another high growth year ahead as more consumers and orthodontists learn about AcceleDent."