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- HighFive Healthcare
HighFive Healthcare Funding, Investors & Competitors
HighFive Healthcare has raised $102M across 2 funding rounds, most recently a $100M undisclosed-stage round in June 2023.
Last HighFive Healthcare funding round
$100M
Undisclosed stage · Jun 2023
Cumulative funding HighFive Healthcare raised
$102M
across 2 funding rounds
Key investors in HighFive Healthcare
Norwest
Jemison Investment Company
Krowten Capital
About HighFive Healthcare
HighFive Healthcare is a Birmingham, Alabama-based specialty dental partnership organization focused on endodontics and oral surgery. Founded in 2018, the company partners with doctor-owned oral surgery and endodontic practices, providing scale and operational support while preserving clinical autonomy, and has grown primarily through acquisitions across the southeastern United States.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
HighFive Healthcare Funding History
HighFive Healthcare has raised a total of $102M across 2 funding rounds.
HighFive Healthcare's first fundraising round was a $2M seed round in November 2018. The most recent completed round was a $100M undisclosed-stage round in June 2023.
HighFive Healthcare funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2023 | Undisclosed stage | Norwest (lead); Krowten Capital; Jemison Investment Company | $100M | HighFive Healthcare, a Birmingham, Alabama-based specialty dental partnership organization focused on endodontics and oral surgery, closed a $100 million growth equity investment on June 13, 2023, led by Norwest Venture Partners, with participation from HighFive doctors and management, Krowten Capital, and Jemison Investment Co. The financing, advised by Houlihan Lokey, also included a new Senior Secured Credit Facility with a revolver, term loan, and delayed-draw term loan. Proceeds were used to refinance existing debt, fund future acquisitions, provide liquidity, and cover transaction fees. Norwest General Partner Dr. Ryan A. Harris and dental industry veteran David Willens joined the board. Founded in 2018, HighFive supports doctor-owned oral surgery and endodontic practices by providing scale and optimization while preserving clinical autonomy and transparency. The company doubled its practice size in 2022 through acquisitions and organic growth, with momentum continuing into 2023 across the Southeast. The investment aims to accelerate expansion beyond the Southeast, positioning HighFive amid ongoing consolidation in specialty dental practices. CEO Chad Trull emphasized the partnership's alignment on patient care and support for top specialists. Dr. Ryan Harris highlighted HighFive's clinician focus and patient-centered culture. Partner Dr. David Roden noted the unique model enabling ownership, management at scale, and shared financial success. |
| Nov 2018 | Seed | - | $2M | - |
Who has invested in HighFive Healthcare?
3 investors have backed HighFive Healthcare across its funding rounds, including Norwest, Jemison Investment Company and Krowten Capital.
Lead investors include Norwest.
HighFive Healthcare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2023 | ||
This data is available for Pro users. Sign up to see all 3 HighFive Healthcare investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHighFive Healthcare Competitors
HighFive Healthcare competitors include listed companies like B-Soft Co. and Phreesia, and private ones like Commure, Doctolib, Abridge and Shanghai LinkedCare Information Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $200M | - | $7B | 35.0x | ||
| Private | $400M | - | $6.4B | 16.0x | ||
| Private | $117M | - | $5.3B | 45.3x | ||
| Private | - | - | $1.5B | - | ||
| Publicly listed | $157M | ($37M) | $769M | 4.8x | ||
| Publicly listed | $481M | $27M | $638M | 1.3x |
HighFive Healthcare Public Comps
HighFive Healthcare is still privately-owned, but its public comps include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Glaukos and M3 Inc..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $3.2B | $965M | 11.1x | 10.2x | 36.9x | 22.4x | |||
| $4.3B | $1.5B | 9.5x | 8.9x | 27.1x | 24.9x | |||
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $21B | $3.7B | 1.8x | 1.8x | 10.1x | 10.0x | |||
| $8.3B | $816M | 1.9x | 1.9x | 19.2x | 11.3x | |||
| $186M | $147M | 66.6x | 62.7x | 84.4x | 77.6x | |||
| $2.1B | $367M | 5.5x | 4.8x | 30.7x | 26.9x | |||
This data is available for Pro users. Sign up to see all HighFive Healthcare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HighFive Healthcare
| When was HighFive Healthcare founded? | HighFive Healthcare was founded in 2018. |
| Where is HighFive Healthcare headquartered? | HighFive Healthcare is headquartered in United States. |
| Is HighFive Healthcare publicly listed? | No, HighFive Healthcare is a private, VC-backed company. |
| How much funding has HighFive Healthcare raised? | HighFive Healthcare has raised $102M across 2 funding rounds. |
| What was HighFive Healthcare's last funding round? | HighFive Healthcare's last funding round was a $100M undisclosed-stage round in June 2023, led by Norwest. |
| Who are HighFive Healthcare's investors? | HighFive Healthcare's investors include Krowten Capital, Norwest and Jemison Investment Company. |
| Which companies are comparable to HighFive Healthcare? | Companies comparable to HighFive Healthcare include Commure, Doctolib, Abridge, Shanghai LinkedCare Information Technology, B-Soft Co. and Phreesia. |
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