UAE - Mubasher: Udenz, a Dubai-based digital dental health platform inaugurated in 2016, has raised $5 million in a Series A funding round that was backed by Performance Guarantee, according to a press release.

The purpose of the funding is to stimulate the business to provide more than 50,000 dentists across the MENA region with dental ultra platform services for free.

A UAE-based conglomerate consisting of Hakim Capital Holding, Techcelerate Investments LLC, Inspira Management, and Dubai Business Corporation secured the money for Udenz in this funding round to help expand its dental platform and grow its business.

Founder of UDENZ, Hisham Safadi, commented: “This significant investment will empower us to build on our vision to revolutionize dental services, making them more accessible and effective for both practitioners and patients. It's a validation of our efforts and a catalyst for our future growth.”

He added: “With the global dental market projected to reach $610 billion in 2023, according to Grand View Research, there is a significant opportunity for companies like UDENZ that can streamline both practitioner operations and patient experiences.”

Managing Director of Techcelerate Investments, Saad Al Jaibeji, said: “UDENZ embodies the spirit of innovation that Dubai and the UAE champion. This startup, born in Dubai's Silicon Oasis, nurtured by In5 Dubai Internet City, and matured within Dubai International Financial City's FintechHive, exemplifies the limitless potential within the UAE's vibrant startup ecosystem.”