How much funding has Archy raised?

Archy has raised $25.0M across 2 funding rounds.

Archy Analysis: $25M Raised

What is Archy?

Archy provides a cloud-based software solution that consolidates multiple dental practice management functions into one platform. It offers tools for patient care, communication, reporting, and imaging, aiming to simplify operations for dental practices.

Employees

11-50

Founded

2021

Industry

HealthTech, SaaS

Valuation

$3.7M

Latest Funding Amount

$15,000,000

Latest Funding Round Size

Series A

Parent Company Website

archy.com

Public Company Status

Private

Recent Venture Round Amount

$15,000,000

Product Features & Capabilities

Scheduling
Online forms
Charting
Imaging
ePrescribe
Payment processing
Automated patient communication
Reporting tools

Use Cases

Automate appointment scheduling for patients; Send automated appointment reminders to reduce no-shows; Facilitate online patient form submissions before visits; Process insurance claims efficiently within the software; Enable online payments through text-to-pay options

How much Archy raised

Series A - $15 million

October 23, 2024

Lead Investor: Entrée Capital, Bessemer Venture Partners, CRV, Alven, 20VC Growth Fund, several angel investors and dental professionals

Seed - $10 million

November 7, 2022

Lead Investor: Co-led by Bessemer Venture Partners and CRV, with participation from other investors

Other Considerations

Serves dental practices across the U.S.; Offers a demo for potential customers; U.S.-based support team with dental office experience

Homepage Pricing

Silver Plan - $535/month (billed annually), which includes features like online forms, insurance claims management, and charting.
Gold Plan - $805/month (billed annually), which includes all Silver features plus online scheduling and email marketing.
Platinum Plan - $1345/month (billed annually), which includes all Gold features plus insurance benefits auto-fill and Pearl imaging AI.

There are no free tiers available, and the pricing is described as "simple, transparent, and built for growth." The homepage initially mentions potential cost savings of $8,000 per year by consolidating multiple software systems into Archy's platform, but specific pricing details are found on the pricing page.

Gtm Strategy

Archy's go-to-market strategy reflects a hybrid approach, integrating elements of both product-led growth (PLG) and sales-led growth. The website prominently features a demo request option, indicating a focus on direct engagement with potential customers, characteristic of a sales-led approach. However, there is limited emphasis on self-service signups, suggesting some friction in the user experience.

The pricing structure is not fully transparent, but it hints at significant cost savings for users, which may appeal to small to medium-sized dental practices. While there are no specific customer testimonials or case studies available on the site, the emphasis on the software's benefits implies positive user experiences. Additionally, Archy provides educational resources such as a blog and webinars, supporting self-service learning typical of PLG strategies.

Overall, Archy's strategy appears to balance user engagement with structured sales interactions, catering to both individual users and larger dental practices, thus optimizing for both rapid user adoption and potential high-touch relationships.

Tech Stack 1

Archy utilizes a variety of technologies and tools across different roles. For the Backend Software Engineer position, the technologies mentioned include Java Spring Boot for backend development, and React/TypeScript for front-end collaboration. This indicates a focus on modern web development practices, emphasizing clean and maintainable code.

In the Account Executive role, HubSpot CRM is specifically mentioned as a tool for managing sales pipelines, highlighting the company's reliance on this platform for sales and outreach efforts. While the job descriptions do not provide an exhaustive list of all technologies used, these roles reflect a blend of software development and sales tools that support Archy's operations in the dental practice management sector.

Tech Stack

Archy employs a diverse technology ecosystem that supports both its engineering and sales functions.

Programming Languages:

Java: Utilized for backend development, specifically with the Spring Boot framework.
TypeScript: Used alongside React for front-end development, indicating a modern approach to building user interfaces.
JavaScript: Implicitly involved through the use of React.
Spring Boot: A key framework for developing backend applications, showcasing Archy's commitment to robust server-side architecture.
React: A popular JavaScript library for building dynamic user interfaces, reflecting a focus on user experience.
Tailwind CSS: A utility-first CSS framework that aids in styling, suggesting a modern approach to front-end design.
HubSpot CRM: This tool is employed for managing customer relationships and sales processes, essential for Archy's engagement with dental practices.
HRIS systems and HR technology platforms: Mentioned in the context of the Human Resources Manager position, indicating the use of specialized tools for managing employee data and HR processes.

Overall, Archy's technology stack reveals a blend of established frameworks and modern tools, aligning with their mission to provide a comprehensive cloud-based solution for dental practice management.