OrthoFi, Inc., an innovative software and technology-enabled service platform in the Orthodontic specialty industry, announced it has received a growth investment from Accel-KKR, a leading technology-focused private equity firm. The new partnership will provide capital and resources to make continued investments in technology and go-to-market initiatives to better serve existing customers and drive continued growth in the market.
OrthoFi is a technology-enabled service platform designed to leverage customer relationship management software and industry-leading revenue cycle management services to stimulate growth and streamline operations for orthodontic practices. Founded in 2013, OrthoFi is headquartered in Denver, CO.
"We've seen encouraging growth and compelling results for our customers over the last five years by delivering a true end-to-end platform that enables practices to start more patients and leverage our revenue cycle services and analytics to run their businesses more effectively. We are thrilled about the opportunity ahead, and we believe this partnership with Accel-KKR will help us accelerate our development to grow our market share and amplify our portfolio of offerings as we enter our next stage of growth," said Dave Ternan, CEO of OrthoFi.
"We were very early adopters of OrthoFi, and have been thrilled at the results we've seen. Not only have we doubled the size of our practice, but we've also enjoyed the service and partnership we've experienced. We couldn't imagine operating our growing business without it," added Dr. Doug Depew, world-renowned speaker and long-time OrthoFi user.
"OrthoFi has built an impressive brand, customer base, and a strong platform for enabling elective healthcare practice development," said Park Durrett, Managing Director at Accel-KKR. "We are excited to partner with OrthoFi and to support their vision as they continue to grow, evolve their solution and provide value to their customers," added Andrew Zbella, Vice President at Accel-KKR.