quip Raises $40 Million

Oral health company quip closed a $40 million venture funding round following its nationwide launch at Target. Existing investor Sherpa Capital led the round alongside debt financing from Triplepoint Capital.

According to the company, since its 2015 launch, it has sold one million of its American Dental Association accepted electric toothbrushes through its direct-to-consumer website. quip has now expanded into an omnichannel approach through Target and will use the funding to support launches of upcoming products and professional care services.