DicomLAB Dental Ltd.
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DicomLAB Dental Ltd. - overview
Established
2012
Location
Szeged, -, Hungary
Primary Industry
Healthcare Specialists
About
DicomLAB Dental Ltd. develops innovative digital dentistry solutions that streamline treatment planning and enhance surgical precision for dental professionals globally. Founded in 2012, DicomLAB Dental Ltd. is based in Szeged, Hungary, specializing in digital dentistry solutions.
The company was established by Endre Varga, who has a history of entrepreneurship in the tech field. DicomLAB raised USD 0. 8 mn in Seed funding from Hiventures on June 21, 2019, totaling USD 0. 8 mn raised so far.
DicomLAB specializes in providing a comprehensive digital dentistry platform designed to enhance the treatment planning and surgical processes for dental professionals. The core offerings include a free treatment planning service guided by mentor doctors, a shopping cart integrated with treatment plans, and a robust suite of guided surgery and immediate loading services compatible with any implant system. The platform enables users to conveniently manage surgical and prosthetic data in one location, facilitating the request, approval, and ordering of prosthetic works seamlessly. Additionally, DicomLAB supports dental professionals with educational resources, including tutorials at each step of the treatment process, and caters to a diverse clientele, including dental laboratories, implant manufacturers, and dental practitioners across more than 15 countries, primarily within the European Union.
DicomLAB's revenue model is structured around a combination of subscription services and transactional fees associated with its digital dentistry platform. In the most recent year, 2023, the company reported revenue of USD 26,025. 20 and an EBITDA of USD -3,998. 20.
Clients utilize the platform for treatment planning and surgical guidance, which involves ordering necessary surgical guides and prosthetic components. The revenue is generated through both the sale of these products and potential subscription fees for access to premium features and educational content. Clients can browse special offers and surgical guide packages, which enhances convenience for quicker and more cost-effective patient treatments. This transactional structure is designed to streamline the workflow for dental professionals while ensuring a cohesive and user-friendly experience on the platform.
DicomLAB aims to expand its product offerings by developing new features that enhance user experience, with plans to launch these updates by 2024. The company is also looking to enter new markets in North America and Asia by 2025 to broaden its customer base. The recent Seed funding of USD 0. 8 mn will be allocated to support product development and market expansion efforts.
Current Investors
Hiventures
Primary Industry
Healthcare Specialists
Sub Industries
Healthcare IT, Chiropractic, Orthopedic & Physical Therapy, Dental Products & Services, Surgical Devices, Medical Software, Engineering Software
Website
www.dicomlab.com
Verticals
Blockchain, Cloud Computing, HealthTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
DicomLAB Dental Ltd. - timeline of key events
DicomLAB Dental Ltd. - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | May 03, 2023 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 14,002,000 | 11,472,000 | 119,895,000 | 135,210,000 | 34,276,000 | 29,492,000 | 26,085,000 | 10,785,000 | 7,207,000 | 15,828,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | (18.1%) | 945.1% | 12.8% | (74.6%) | (14.0%) | (11.6%) | (58.7%) | (33.2%) | 119.6% | - | - | - |
| EBITDA (USD) | (1,418,000) | 5,753,000 | (12,957,000) | 46,598,000 | (29,347,000) | (21,451,000) | 50,785,000 | 34,487,000 | 2,379,000 | (4,791,000) | (269,000) | - | - | - |
| Operating Income (USD) | (1,890,000) | (207,000) | (30,927,000) | 21,149,000 | (60,696,000) | (60,219,000) | 28,156,000 | 29,014,000 | 1,808,000 | (7,794,000) | (1,753,000) | - | - | - |
| Operating Margin | - | (1.5%) | (269.6%) | 17.6% | (44.9%) | (175.7%) | 95.5% | 111.2% | 16.8% | (108.1%) | (11.1%) | - | - | - |
| % EBITDA Margin | - | 41.1% | (112.9%) | 38.9% | (21.7%) | (62.6%) | 172.2% | 132.2% | 22.1% | (66.5%) | (1.7%) | - | - | - |
| NET Income (USD) | (1,275,000) | (10,689,000) | (43,174,000) | 13,266,000 | (72,169,000) | (73,975,000) | (59,954,000) | 23,838,000 | (1,694,000) | (14,412,000) | (19,814,000) | - | - | - |
| % Net Margin | - | (76.3%) | (376.3%) | 11.1% | (53.4%) | (215.8%) | (203.3%) | 91.4% | (15.7%) | (200.0%) | (125.2%) | - | - | - |
DicomLAB Dental Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | DicomLAB Dental Ltd. | - |
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DicomLAB Dental Ltd. - employee data
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