Simplifeye, Inc.

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Simplifeye, Inc. - overview

Established

2015

Location

New York, NY, US

Primary Industry

Software

About

Based in the US, Simplifeye, Inc. offers innovative solutions to optimize dental practice operations and enhance patient engagement through advanced technology and service integrations. Simplifeye, Inc. specializes in solutions for dental practices, enhancing their operational efficiency.


Founded in 2015 in New York, US, the company has secured a total amount raised of USD 0. 910 mn. Simplifeye was acquired in April 2023 by Napa EA/MEDX LLC, facilitating further growth in claims and attachment management. The founder's previous entrepreneurial history is not available, and the company has not undergone notable pivots or changes in ownership structure since its inception.


Simplifeye, now part of Vyne Dental, provides a suite of solutions aimed at enhancing dental practice efficiency and patient engagement. Their offerings include end-to-end payment solutions for in-office transactions, invoice processing, and customizable payment plans compliant with HIPAA regulations. Additional features such as real-time appointment scheduling and Live Webchat connect potential patients with representatives for immediate assistance. The Vyne Trellis® platform further streamlines billing and claims management, targeting dental practices across the United States to address operational challenges in patient management and revenue cycles.


Simplifeye operates on a subscription-based revenue model complemented by transaction fees from its product offerings. Dental practices pay a subscription fee for access to features like Live Webchat and online scheduling, along with transaction fees for payment processing. This model is reinforced by the integration of Vyne Trellis®, which simplifies claims and attachment management, improving operational efficiency and accelerating revenue for dental providers. The business model predominantly focuses on B2B transactions, partnering with dental practices to enhance their operational capabilities and patient engagement strategies.


Following the April 2023 acquisition by Napa EA/MEDX LLC, Simplifeye aims to enhance its product offerings to further streamline claims and attachment management. Specific plans for future growth include the development of new tools targeted at expanding services within the dental sector. The recent funding will support these initiatives, although details regarding specific new product launches or geographic market expansions have not been disclosed. Simplifeye’s strategy will leverage the resources of its new parent company to accelerate growth and enhance service offerings for dental practices.


Current Investors

Grape Arbor VC, First Round Capital, Felicis Ventures

Primary Industry

Software

Sub Industries

Healthcare IT, Medical Software

Website

www.simplifeye.co

Verticals

Cloud Computing, HealthTech

Total Amount Raised

Subscriber access only

Simplifeye, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSimplifeye, Inc.-

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