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Venture Fund for Dentistry

by | Oct 10, 2022 | Articles, Nifty Blog | 0 comments

jeremy krell,revere partners

It’s no secret that we live in a technological world. Every day, it seems like tech evolves to innovate new parts of our lives both big and small. And you don’t have to be a citizen of the Metaverse or own a self-driving car to know that this is huge for the dental industry.

With new tech comes new treatment methods and more efficient ways to keep patients healthy and smiling. Take it from Dr. Jeremy Krell. Jeremy is a managing partner at Revere Partners, the first and only independent venture capital fund for oral health technology startups.

As a former dentist, Jeremy knows the kind of inventive minds and products this industry needs to grow. That’s why Revere supports any private dental startup, product, service, or innovation within the dental space that needs help with funding. But before we get into the nitty gritty, let’s talk about Jeremy and Revere’s origin stories.

Jeremy began his career in tech, then advanced to health tech startups before transitioning to oral tech startups. Some of those startups include Oscar Health Insurance and Quip. From here, Jeremy started what he describes as his own “boutique consulting firm-meets-family office” called the Barchester Bay Group.

As he listened to his clients, Jeremy realized they needed an institutional investor to centralize and organize the investment space in oral health technology. That’s where Revere Partners comes in. Revere’s mission is to help these companies reach the next level. The fund supports seed and series A stage companies so they can successfully grow and scale their developing products and services. Revere finances the gap between startups and essentials to their success, such as marketing and the ability to hire software and product developers.

But who helps make this possible? Jeremy emphasizes that Revere was started “by doctors, for doctors,” so it makes sense that many of the fund’s investors are doctors and dentists. But investors also include high-net-worth individuals, family offices, corporates, and other funds. If you’re interested in becoming an investor, you’ll be impressed by Revere’s unique perks. For one, one of the fund’s core values lies in the choice to stay open. Traditional venture capital funds raise money before closing, but Revere stays open to allow more people to discover the awesome startups they can become a part of growing.

Investors start on a quarterly basis, and you’re subscribed out at least four quarters. If you’re interested, all you have to do is reach out to the team and meet the accredited investor’s standards. But don’t sweat it, Jeremy says “they aren’t a high bar for this industry.” From here, Revere Partners makes three to five investments per quarter in the best and brightest of dental technology startups and their founders. In many cases, there’s more room in the rounds of money these startups raise. That’s when Revere offers all of their investors the chance to add more into any investment they like under the same terms as a venture capital fund. jeremy krell,revere partners

“As an individual investing into a startup, you typically do not get a wide variety of different proprietary terms,” Jeremy explains. “We have all these types of additional rights included making the investment terms much sweeter.” Revere Partners begins relationships with the companies they support after a screening process. Once they pass, the startup then pitches their innovations to the Revere team. The rest of the diligence process may take a few weeks, and then it’s smooth sailing.

Right now, Revere is excited to work with startups focused on revenue cycle management, which is huge for every practice. Jeremy is also enthusiastic about new tech revolving around our unique oral microbiomes. And these aren’t just exciting ideas coming up the pipeline—many of the companies Revere works with are already on the market in some capacity.

For those interested in either investing in startups or those with a startup or product in need of funding, you can get in touch at [email protected] You can also reach out to the rest of the team with any general questions at [email protected] If you attend any dental or CEO events, you’re also likely to catch Jeremy there. Don’t be afraid to say hello and find out what Revere Partners can do for you!

Learn about:

  • When did Jeremy decide to commit to Revere Partners full time?
  • How can you help ensure a smooth onboarding process as a potential client?
    • Hint: keep your documents organized across one digital space.
  • What should you avoid doing if you want to make a successful pitch to the company?
  • How many companies does Revere work with that are already on the market in some capacity?
  • How many steps are included in Revere’s diligence process?
  • Where are Revere’s investors and clients from?
    • Hint: Revere is global!
  • Where is Revere Partners based?
  • What are the “five buckets” of revenue cycle management?
  • And more!

 

 

 

 

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Glenn Vo
Author: Glenn Vo

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