Bento – Dental Insurance Disruptor Secures $8.1M Series A Funding to Revolutionize Oral Health Care Benefits – InsuranceNewsNet

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The funding was led by Boston-based Schooner Capital with an additional contribution of York IE Capital and existing investor Companyon Ventures.

BOSTON, July 26, 2022 /PRNewswire/ — Bento is on a mission to transform the outdated traditional dental insurance industry and expand access to better oral health care for all Americans. Bento provides a technology platform that connects consumers, employers and associations with dentists and dental service organizations, to deliver better oral benefits without the need for complex traditional insurance processes and overhead. . Bento is proud to be the only dental insurance solution of its kind to be endorsed by the American Dental Association.

“We are very pleased to announce this new funding and to welcome Schooner Capital and York IE as investors alongside Companyon Venturesbringing the total capital raised to $19 million. This investment validates Bento’s mission to democratize care in light of current inequalities and disparities. The need for digital access and transparency has never been greater and Bento is at the forefront of a seismic shift in the way dental benefits are administered and delivered. We are excited to be a pioneer of change and technological innovation in the dental industry,” said Ram Sudireddy, Founder and CEO of Bento.

The patented AI-powered Bento platform is currently used by approximately 100,000 dentists nationwide and has 360,000 access points nationwide. Bento will use the capital to advance its award-winning app and expand its sales efforts nationwide, to ensure that patients can receive the right oral healthcare with full price transparency, anytime and anywhere. anywhere.

“It’s abundantly clear that the traditional dental insurance industry is mired in inefficiency and now is the time for change and transformation. We are excited to lead Bento’s Series A. Bento has the vision and proven leadership to reinvent the benefits of oral healthcare and bring a welcome change to an obsolete industry, which drove our decision to invest,” said Orhan Gazelle of Schooner Capital.

Bento understands the critical importance of oral health to overall well-being and has established its proven ability to deliver a modern, seamless and seamless oral benefits experience with cost savings for everyone involved: employers, patients and dental providers, by addressing a $140 billion market opportunity. Bento offers a winning platform that offers practical tools that provide major players in oral health with reduced costs (30% less than traditional dental insurance) and improved experiences.

Bento is on a mission to provide the transparency, access, flexibility, and clarity that Americans deserve with their oral health care. The company has received wide recognition in the dental industry and received endorsements from the American Dental Association, Florida Dental Association, Georgia Dental Association, Tennessee Dental Associationand Texas Dental Association among others. Situated at Boston, MA and with offices at Miami, Florida, Bento has established a large and rapidly growing number of dental providers in the United States with over 360,000 access points nationwide. Bento enables employers, groups and dentists across the country to provide better dental solutions to their employees and patients. To learn more about how Bento improves the dental care experience, visit bento.net.

This press release was published via 24-7PressRelease.com. For more information, visit http://www.24-7pressrelease.com.

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