Quip was founded in 2015 by Bill May and Simon Enever. The company has not publicly endorsed plans to participate in an IPO.
Quip is an oral healthcare company primarily known for its toothbrush subscription service, but has since expanded its repertoire to include products like floss, mouthwash, gum, and an orthodontist-supported tooth alignment program. The company has acquired Toothpic and Afora Care, a dental insurance startup. Quip has expressed plans to expand its virtual care offerings. Quip has raised more than $160 million in venture capital funding from investors such as Cowen Sustainable Investments, Sand Hill Angels, TriplePoint Capital, and NFP Ventures. The company did not disclose valuation figures following a $100 million Series B funding round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/29/2024 | Series C-1 | $3.76MM | $xx.xx | $190.39MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,526,845
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/29/2024 | Series C-2 | $8.92MM | $xx.xx | $190.39MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,834,144
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
01/29/2024 | Series C-3 | $2.82MM | $xx.xx | $190.39MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,148,056
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2021 | Series B-2A | $14.72MM | $xx.xx | $706.84MM | Cowen Sustainable Investments | |
Price per Share
$xx.xx
Shares Outstanding
146,659
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cowen Sustainable Investments
|
||||||
08/31/2021 | Series B-1A | $28.05MM | $xx.xx | $706.84MM | Cowen Sustainable Investments | |
Price per Share
$xx.xx
Shares Outstanding
186,354
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cowen Sustainable Investments
|
||||||
11/27/2018 | Series A-1A | $9.96MM | $xx.xx | $178.29MM | Blue Scorpion Vc, Demi Lovato, Nfp Ventures, Sam Zises, Sherpa Capital, Stefano Rosso | |
Price per Share
$xx.xx
Shares Outstanding
205,483
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blue Scorpion Vc, Demi Lovato, Nfp Ventures, Sam Zises, Sherpa Capital, Stefano Rosso
|
||||||
11/01/2017 | Series AA | $8.34MM | $xx.xx | $56.06MM | Blue Scorpion Vc, Demi Lovato, Sherpa Capital | |
Price per Share
$xx.xx
Shares Outstanding
515,710
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blue Scorpion Vc, Demi Lovato, Sherpa Capital
|
||||||
11/01/2016 | Series Seed-2A | $274,999.45 | $xx.xx | $1.55MM | Black Jays, Evolution Vc Partners, Ranch Ventures | |
Price per Share
$xx.xx
Shares Outstanding
192,156
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Black Jays, Evolution Vc Partners, Ranch Ventures
|
||||||
01/15/2015 | Series Seed-A | $149,995.94 | $xx.xx | $599,983.74 | Kevin Moore | |
Price per Share
$xx.xx
Shares Outstanding
158,894
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kevin Moore
|