LightForce Orthodontics secured a $14 million Series B round of funding to continue developing its customizable 3D-printed bracket system aka braces.
Tyche Partners led the investment with follow-on investment from Matrix Partners and AM Ventures. Since its founding in 2015 by Dr. Alfred Griffin III, the Boston-based company has raised a total of $20.5 million. That included a $5.2 million Series A announced in September 2018, led by Matrix.
Two years ago, LightForce finished its first patient’s round of braces in six months, where the average time is 22 months, Griffin told Crunchbase News. In addition, its 3D-printed bracket system received U.S. Food and Drug Administration approval, which is the milestone needed for commercialization of certain medical devices. Today, the company has made and shipped more than 50,000 3D-printed parts, Griffin said.