- Companies
- Lightforce Orthodontics
Lightforce Orthodontics Valuation, Funding & Investors
Lightforce Orthodontics is valued at $400M as of August 2023.
Last Lightforce Orthodontics valuation
$400M
Series D · Aug 2023
Last Lightforce Orthodontics funding round
$80M
Series D · Aug 2023
Cumulative funding Lightforce Orthodontics raised
$151M
across 5 funding rounds
Key investors in Lightforce Orthodontics
Matrix Partners
Tyche Partners
AM Ventures
Kleiner Perkins
Ally Bridge Group
Transformation Capital
About Lightforce Orthodontics
LightForce Orthodontics makes a fully personalized, 3D-printed braces system that uses AI and digital workflows to design custom brackets for each patient's anatomy. Orthodontists use the platform for treatment planning, from intraoral scans through final prescriptions, aiming to shorten treatment timelines and reduce the number of patient visits compared with standard orthodontics. The company manufactures its brackets in the United States, including at a facility in Wilmington, Massachusetts.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$400M (Aug 2023)
Lightforce Orthodontics Valuation
Lightforce Orthodontics is currently valued at $400M, based on its Series D in August 2023.
The $80M round was led by Ally Bridge Group, CareCapital and Transformation Capital, with participation from American Association of Orthodontists, Tyche Partners, Kleiner Perkins, Omega Venture Partners, Matrix Partners and 1 other investor.
Lightforce Orthodontics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2023 | Series D | $400M |
Lightforce Orthodontics Funding History
Lightforce Orthodontics has raised a total of $151M across 5 funding rounds.
Lightforce Orthodontics' first fundraising round was a $1M seed round in July 2017. The most recent completed round was a $80M Series D in August 2023.
Lightforce Orthodontics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2023 | Series D | Ally Bridge Group (lead); CareCapital (lead); Transformation Capital (lead); American Association of Orthodontists; Tyche Partners; Kleiner Perkins; Omega Venture Partners; Matrix Partners; Matter Venture Partners | $80M | $400M | LightForce Orthodontics develops the world's first fully personalized 3D-printed braces system, using AI and digital workflows to create custom brackets tailored to each patient's anatomy, enabling orthodontists to deliver faster treatments with shorter timelines and fewer visits. The company manufactures directly 3D-printed functional medical devices and provides comprehensive software for treatment planning, from intraoral scans to final prescriptions. A clinical trial showed 45% faster treatment and 41% fewer visits compared to standard orthodontics. On August 2, 2023, LightForce raised an $80 million Series D round led by Ally Bridge Group, Transformation Capital, and Care Capital, with participation from Omega Venture Partners, Matter Venture Partners, American Association of Orthodontics, and existing investors Kleiner Perkins, Tyche Partners, and Matrix Partners. The round brings total funding to over $150 million across six rounds. Proceeds will scale production via a new 36,000 square-foot manufacturing facility in Wilmington, Massachusetts, advance AI integration, hire engineers, scientists, sales, and manufacturing staff, and invest in orthodontist education. This supports expansion in the growing U.S. orthodontics market, expected to increase 10% that year, amid a fragmented field ripe for digital customization. The funding occurred in a down market after six months of preparation, highlighting investor scrutiny. |
| Nov 2021 | Series C | Kleiner Perkins (lead); Tyche Partners; Matrix Partners; AM Ventures | $50M | - | LightForce Orthodontics develops the world's only fully customizable 3D printed braces system, offering orthodontists personalized, USA-made treatment options that combine digital planning with efficient tooth-moving braces. The company secured a $50 million Series C funding round on November 2, 2021, led by Kleiner Perkins, with participation from existing investors Matrix Partners, Tyche Partners, and AM Ventures. This followed a $14 million Series B round about a year prior, bringing total funding to around $200 million at that time. The funding came after LightForce achieved over 500% revenue growth in the past year, alongside 300% team expansion and development of two new products. Proceeds were earmarked for training orthodontists on the technology, scaling operations, and go-to-market efforts to expand adoption among practices nationwide. Kleiner Perkins, which previously backed Align Technology (Invisalign), highlighted LightForce as the next wave in orthodontics digitization using 3D printing for enhanced doctor and patient experiences. LightForce's platform includes imaging software for teeth mapping, AI-driven digital treatment plans, and custom 3D printed ceramic brackets with wire systems, addressing limitations in traditional braces unchanged for 25 years. By 2023, the company had raised an additional $80 million Series D led by Ally Bridge Group and planned a US IPO in 1-2 years, with projected 2023 sales of $35 million (70% growth over 2022) after treating over 65,000 patients since commercial launch in 2020. |
| Sep 2020 | Series B | Tyche Partners (lead); Matrix Partners; AM Ventures | $14M | - | LightForce Orthodontics raised a $14 million Series B funding round on September 9, 2020, led by Tyche Partners with participation from Matrix Partners and AM Ventures. The company develops a customizable 3D-printed bracket system for orthodontists, enabling mass-customization of braces based on individual patient 3D scans and treatment plans to reduce in-person visits and treatment time. The funds were allocated to further develop the technology, scale operations, and meet surging demand amid the pandemic. LightForce reported its business doubled every quarter in the year leading up to the round, shipped over 50,000 3D-printed parts, and completed its first patient's braces treatment in six months compared to the industry average of 22 months. The company had previously raised $5.2 million in a Series A round in September 2018 led by Matrix Partners, bringing total funding to $20.5 million at that point. It opened a manufacturing facility in Costa Rica and doubled its team to 70 employees in the six months prior to the Series B. Positioned in the orthodontics market projected to reach nearly $10 billion by 2026, LightForce competes with Invisalign, noting that clear aligners capture only 15-20% of the market as 80% of cases require braces. |
| Sep 2018 | Series A | Matrix Partners | $5M | - | LightForce Orthodontics raised a $5.2 million Series A round in September 2018 led by Matrix Partners. The company develops a fully personalized 3D printed braces system. This round followed the company's founding in 2015 and preceded a $14 million Series B in 2020 led by Tyche Partners with participation from Matrix Partners and AM Ventures. |
| Jul 2017 | Seed | AM Ventures (lead) | $1M | - | - |
Who has invested in Lightforce Orthodontics?
10 investors have backed Lightforce Orthodontics across its funding rounds, including Matrix Partners, Tyche Partners, AM Ventures, Kleiner Perkins, Ally Bridge Group and Transformation Capital.
Lead investors include Ally Bridge Group, CareCapital, Transformation Capital, Kleiner Perkins, Tyche Partners and 1 other investor.
Lightforce Orthodontics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Sep 2018 | ||
| 3 | Lead | Sep 2020 | ||
| 3 | Lead | Jul 2017 | ||
| 2 | Lead | Nov 2021 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Lead | Aug 2023 | ||
| 1 | Lead | Aug 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLightforce Orthodontics Competitors
Lightforce Orthodontics competitors include listed companies like Myriad Genetics and ispace, and private ones like Restor3d, AMT, Triastek and Koniku.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $266M | - | ||
| Private | - | - | $218M | - | ||
| Private | $23M | - | $464M | 20.2x | ||
| Private | - | - | $337M | - | ||
| Publicly listed | $825M | ($332M) | $396M | 0.6x | ||
| Publicly listed | $21M | ($40M) | $391M | 19.6x |
Lightforce Orthodontics Public Comps
Lightforce Orthodontics is still privately-owned, but its public comps include CellaVision, Myriad Genetics, ispace, Nanjing Medlander Medical, ClearPoint Neuro, Carlsmed, Carvolix, NIOX Group, Shoulder Innovations and TaiDoc Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77M | $24M | 5.0x | 4.8x | 16.2x | 15.9x | |||
| $825M | ($332M) | 0.6x | 0.6x | (1.5x) | (16.8x) | |||
| $21M | ($40M) | 19.6x | 19.6x | (10.4x) | (5.3x) | |||
| $64M | $20M | 4.9x | - | 15.8x | - | |||
| $37M | ($22M) | 12.3x | 10.0x | (20.6x) | (20.7x) | |||
| $51M | ($31M) | 7.0x | 5.1x | (11.5x) | (10.2x) | |||
| $5M | ($14M) | 93.1x | 246.4x | (32.0x) | (15.6x) | |||
| $65M | $20M | 5.3x | 5.2x | 17.4x | 15.1x | |||
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Common questions about Lightforce Orthodontics
| When was Lightforce Orthodontics founded? | Lightforce Orthodontics was founded in 2015. |
| Where is Lightforce Orthodontics headquartered? | Lightforce Orthodontics is headquartered in United States. |
| Is Lightforce Orthodontics publicly listed? | No, Lightforce Orthodontics is a private, VC-backed company. |
| What is Lightforce Orthodontics' valuation? | Lightforce Orthodontics was last valued at $400M in its Series D in August 2023. |
| How much funding has Lightforce Orthodontics raised? | Lightforce Orthodontics has raised $151M across 5 funding rounds. |
| What was Lightforce Orthodontics' last funding round? | Lightforce Orthodontics' last funding round was a $80M Series D in August 2023, led by Ally Bridge Group, CareCapital and Transformation Capital. |
| Who are Lightforce Orthodontics' investors? | Lightforce Orthodontics' investors include Matrix Partners, Tyche Partners, AM Ventures, Kleiner Perkins, American Association of Orthodontists, Omega Venture Partners, CareCapital, Ally Bridge Group, Transformation Capital and Matter Venture Partners. |
| Which companies are comparable to Lightforce Orthodontics? | Companies comparable to Lightforce Orthodontics include Restor3d, AMT, Triastek, Koniku, Myriad Genetics and ispace. |
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