UDENZ is confirming a successful bridge fund round which was closed on the 3rd of September 2020 lead by Global Ventures UAE and several angel investors. The bridge round was for 100,000 USD valuing the Dental app at 2,000,000 USD since the last crowdfunding round in 2017 lead by Eureeca where UDENZ raised 201,000 USD.
The fund will be used to promote and market the new services offered by UDENZ for dentists and patients in UAE, KSA, and Oman.
Despite the difficulties with Covid19, UDENZ the Dubai-based app that provides a variety of services to dentists and patients, has managed to survive the difficulties, and keep growing. Founded in 2016 by Dr. Hisham Safadi, an entrepreneur born and raised in Dubai.
Over the Covid19 period, UDENZ marked several successful ventures. UDENZ had introduced the first dentist-patient online audio/video consultation using EazeTx Technology, one of the fastest growing online consultation tech providers in the UAE Market. UDENZ had succeeded in adapting the EazeTx technology to serve the dental sector.
Additionally, UDENZ had started early May 2020 a pilot test for dental treatment installment plans via its new service UDENZPAY. UDENZPAY offers an online payment solution that allowed patients to pay in installments for their dental treatments. The pilot cases had succeeded in onboarding 10 dentists within the UAE that offer installment plans for patients referred through UDENZ.
Dr.Fatema Ravat stated that ‘’UDENZ business performance perspective has witnessed an increase thanks to the recent sudden increase in demand in the online health consultation services in the wake of the Covid-19 pandemic, which has led to a permanent shift inpatient behaviors and attitudes. After the Covid-19 pandemic, it is expected that many dentists in the Arab Gulf region will record an increase in online oral health consultations between 20 and 30 percent’’.
Learning through the difficulties of Covid19, and developing new solutions to the tough situations, has helped Udenz grow and stay afloat of the tough times, and persevere despite any difficulties.