KingDental Holdings is raising $15–20M across a sequenced Seed → Series A path, allocated by regional operating entity. Each market is its own cap table; the parent owns the standard, the brand, and the network effects.
Modern dentistry is a deflationary technology in a market priced on inflation. Two billion people now sit inside the affordability gap. We're building the platform that closes it — country by country, on one operating standard.
M A R K E T
The middle two billion.
Vietnam, Mexico, Indonesia, Egypt, Philippines, Türkiye — markets with 15–40M middle-class adults each who can afford modern care but lack a top-tier digital provider. Underwriting target: $1.8K average case revenue at 28%+ clinic EBITDA at maturity.
M O D E L
Country-level operating entities.
Each market is a wholly-owned regional entity (VOE, MOE, …) with its own cap table, leadership, and capital plan. The parent owns standards, brand, and the global advisory network. Capital that stays in-country until steady-state.
M O A T
One standard, every chair.
Every clinic runs the same digital workflow — intraoral scan, CBCT, chairside mill — on the same hardware, audited to the same bar. Clinician training is the bottleneck; the parent solves it once and the network compounds it.
R O U N D S T R U C T U R E
Three closes. One compounding network.
Each regional entity raises against its own milestones; the parent rolls them up. Investors can participate at the parent level (cross-market exposure) or at the entity level (single-market exposure with operator alignment).
S T A G E
E N T I T Y
S I Z E · P R E
L E A D T I C K E T
W I N D O W
01
VOE Series SeedVietnam Operating Entity · HCMC, Hà Nội, Đà Nẵng corridor.
Holdings Series AParent-level cross-market exposure. Standards, brand, global advisors, IP & licensing revenue.
$10–15Mon $82–90M pre
$5Mlead minimum
2028 · post-VOE-steady-state
U S E O F F U N D S
Built into chairs, not overhead.
Composite allocation across both regional Seed rounds. Every dollar lands as either a chair, a clinician, or the workflow that ties them to the standard. Parent-level OpEx is intentionally lean.
B L E N D E D A L L O C A T I O N · $15M base case
Clinic build-out & equipmentBuild-out, chairs, IOS / CBCT / chairside mill across 8 clinics in Year 1–2 (5 VN, 3 MX).
Working capital12 months of operating runway per entity. Held at entity level. Audited quarterly to the parent.
12%
Holdings OpExLean parent — founder, ops standards, IT & data layer, legal & compliance, global advisor program.
8%
M I L E S T O N E S · post-close
What this round buys.
M + 6
VOE clinic #1 doors open. HCMC flagship. Full digital workflow live. First 200 cases booked.
M + 12
VOE 3-city corridor live. HCMC + Hà Nội + Đà Nẵng. Clinician cohort #2 in residency.
M + 18
MOE first close + KDM-CB beachhead. Tijuana corridor live with two US-aggregator partnerships.
M + 24
VOE clinic-level EBITDA positive. 8 clinics live. KingDental Academy graduating cohort #3.
M + 36
Holdings Series A. 15+ clinics. Two markets at steady-state. Third entity (Indonesia or Egypt) due-diligenced.
D E A L T E R M S
Clean structure. Operator-aligned.
Priced rounds at the entity level. SAFEs reserved only for parent-level bridge tickets < $500K. Standard preferred terms with one non-standard: regional entities reinvest profits into their own market before flowing to the parent.
I N S T R U M E N T
Series Seed Preferred
NVCA-style preferred at the entity level · 1× non-participating liquidation · broad-based weighted-average anti-dilution
P R E - M O N E Y
$22M VOE · $40M MOE
Holdings pre at $82–90M on Series A path · parent owns 100% pre-Seed of each entity
B O A R D S E A T
1 lead + 1 observer
Lead investor receives one board seat per entity they lead · observer seat available to material co-investors
P R O - R A T A
Full through Series B
Major-investor pro-rata at $500K minimum check · super-pro-rata available for lead investor through Series A
C A P I T A L T H A T S T A Y S
Reinvest-first covenant
Entity-level profits reinvest into that market until clinic-count target · documented · signature term, non-negotiable
A U D I T & R E P O R T I N G
Quarterly per-entity
Big-4 audit at the parent · per-entity unaudited quarterly + annual audited financials · data room kept live
D A T A R O O M
Everything diligence needs.
The data room is live and segmented by entity. Access is granted on signed NDA within 24 hours. Six sections, refreshed weekly through first-close.
0 1 · C O R P O R A T E
Cap tables & structure.
Holdings + VOE + MOE cap tables, formation docs, IP assignments, founder vesting schedules, board composition.
14 documents · last refresh M + 0 days
0 2 · F I N A N C I A L
Model & unit economics.
5-year model by entity, unit economics by clinic type, comparable benchmarks, sensitivity tables on chair utilization & case mix.