Dovetail Dental Software successfully concludes a capital raise led by Raymond Chabot Grant Thornton to support market expansion.
The current raise will allow the Company to accelerate sales, scale its operations and further expand its product offerings into other health and wellness verticals.
Founded in 2012, Dovetail is a division of Gaargle Solutions Inc., a North American-based provider of Software-as-a-Service (SaaS) solutions for the Health and Wellness sector. Since inception, the Company has made significant inroads into the dental space with the introduction of Dovetail, one of the world’s first truly 100% mobile, cloud-based dental practice management software.
While the Company continues to grow through its traditional acquisition channels, some of the large distribution deals and strategic partnerships it has secured in the past years have been fuelling its global expansion significantly.
Dovetail concludes a capital raise to support market expansion
Dovetail empowers dental practices to work faster, smarter and more efficiently with its digital workﬂows designed by a dental surgeon and enables them to manage every aspect of their practice in one easy-to-use application accessible from any device. The Company has managed to differentiate itself in the competitive landscape with its elegant and fully customizable solution which is seamlessly implemented in dental practices. Patient engagement is at the core of the platform with tools designed to improve patient experience and help grow the practice.
“Raymond Chabot Grant Thornton is proud to support a digital company with an innovative vision for the health and wellness sector”, said Yasser Waly, Partner at Raymond Chabot Grant Thornton
In addition to the capital raise, the Company recently appointed Marie Eve Prevost as CEO and Bernard Prevost as CFO, co-founders of MissFresh, a Canadian-based online subscription meal kit delivery service. Started in 2015, they sold a 70% interest to Metro Inc. in 2017 and fully divested in December 2019 when it was acquired by meal kit competitor, Cook it.
“Dovetail has been successfully helping dentists around the world focus on what they do best while we take care of the rest. With an experienced, results-oriented management team in the digital space and the recent capital raise, we’re poised to accelerate our expansion plans and capitalize on new markets”, said Pietro Di Battista, Founder of Dovetail
Raymond Chabot Grant Thornton acted as the exclusive financial advisor to Gaargle.
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About Raymond Chabot Grant Thornton
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets. We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities.
A Quebec and Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization, Raymond Chabot Grant Thornton boasts more than 2,800 professionals. Raymond Chabot Grant Thornton is a member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP. Our global footprint spans across more than 140 countries with over 56,000 people who provide real insight, a fresh perspective and agility to keep clients moving ahead.
09 Mar 2020 | Written by :