Global Health Impact Fund and Revere Partners Announce Joint Venture
Global Health Impact Fund and Revere Partners Announce Joint Venture to Capitalize on the Untapped Potential of the Dental Market
[San Ramon, California] – [Jan 9] – GHIF, a leading healthcare investment firm, and Revere Partners, a prominent investor in early-stage dental startups, today announced a strategic joint venture. This partnership aims to address the significant investment gap in the dental industry and accelerate the development and adoption of innovative oral healthcare solutions.
The dental market is poised for rapid growth, with annual spending projected to surpass $430 billion across 32 OECD countries by 2030[1]. The U.S. market alone currently stands at $136 billion[2]. Despite its size, the dental sector remains remarkably underfunded by venture capital. Venture investment in oral health represents a mere 0.86% of total healthcare investment, highlighting a substantial opportunity for growth and advancement[1].
Revere Partners brings unparalleled expertise to this joint venture. As the leading investor in early-stage dental startups, they possess a deep understanding of the dental industry and strong partner relationships . Revere's focus on identifying and nurturing promising startups aligns with the goal of this partnership to drive meaningful innovation.
GHIF complements Revere Partners’ expertise with extensive clinical experience and a vast network of over 2,000 healthcare professionals. This network will provide robust support for due diligence processes and go-to-market strategies, ensuring that promising startups receive the necessary resources and guidance to succeed.
When asked further about why GHIF is setting its sights on oral health and the joint venture, Founding Partner and CEO, Gary Goldman, DDS, MD, MBA, remarked, “GHIF has a unique approach to due diligence which is driven by our expert network of clinicians. In the past few years, we have seen a surge in demand for innovation in dental health from our own 2000+ clinician members network. A fund dedicated to oral health is the natural next step. We are glad to partner with Revere Partners to take this forward.”
The whole team is excited and geared up for this new opportunity as they see the potential this could have on the development of the oral health market. “While many healthcare VC firms include investments in oral healthcare, but very few dedicate an entire fund towards these investments. GHIF and Revere share similar philosophies, we look forward to partnering with them and drive innovation in the areas of oral and dental health,” shared Sheetal Nariani, General Partner and CFO of GHIF.
The importance of a new and strongly focused fund was further highlighted by Revere. “A fund focused on oral-systemic health links will be transformative for patient care, putting capital to work on cutting edge innovations solving major population health needs,” said Jeremy N. Krell, DMD, MBA, Revere Partners’ Founder and Managing Partner. “Partnering with GHIF will be invaluable as we leverage world class physicians and dentist networks and institutions to invest in and scale breakthrough healthcare technologies.”
This strategic joint venture represents a firm commitment to shaping the future of dental and oral care. By leveraging the strengths of both organizations, GHIF and Revere Partners are uniquely positioned to identify and support promising startups, fostering innovation, and delivering significant value to the dental industry. This partnership will aim to accelerate the development of new technologies and improve access to quality dental care globally.
About GHIF GHIF is a venture capital firm investing in early-stage healthcare startups with a focus on precision medicine. They take a unique clinician-driven approach to discover, access and support companies, leveraging their deep medical and industry expertise and infrastructure.
About Revere Partners Revere Partners invests in the most promising and innovative early-stage dental companies dedicated to transforming the future of oral health. They provide an essential combination of dental industry expertise and analytical data research capabilities to predict trends and opportunities within the healthcare industry.
[1] CareQuest Innovation
[2] Harris Williams