Zenyum secures US$40m in Series B funds led by L Catterton

COSMETIC dental startup Zenyum has raised US$40 million in a Series B round led by L Catterton, the consumer-focused private equity firm.

L Catterton invested US$25 million into Zenyum, whose products include clear aligners and electric toothbrushes. The round was also joined by the startup's existing investors - Sequoia Capital India, RTP Global, Partech, TNB Aura, SEEDS Capital and FEBE Ventures.

The startup previously raised US$16.1 million in Series A funding. According to startup database VentureCap Insights, the company was last valued at US$53.7 million.

Zenyum will use the fresh capital to "accelerate expansion across Asia, deepen our range of products, and further develop our technology stack to be a true partner to dentists while building a category-defining company", said its chief executive and co-founder Julian Artope.

L Catterton has previously invested in dental and consumer health companies such as Ideal Image, ClearChoice, dentalcorp, OdontoCompany, Espaçolaser, and 98point6.

"Fuelled by aesthetic-conscious millennials, the affordable dental cosmetics market in Asia is growing rapidly; and Zenyum has the potential to become the regional champion in this category," said Anjana Sasidharan, head of growth investments for L Catterton Asia, who will be joining the company's board.