With the current challenge of having to wait for a dentist appointment in the U.S., here comes a solution. Sergey Tokarev, co-founder and partner at Roosh Ventures, has announced the fund’s investment in Toothio, a U.S.-based startup addressing staffing shortages in the dental industry. This platform aims to revolutionize how dental practices find and hire professionals, tackling an issue that affects 95 percent of dental clinics across the United States.
Founded in 2021, Toothio addresses the chronic shortage of dental hygienists and assistants by providing on-demand staffing solutions. Its model not only allows clinics to scale operations efficiently but also gives professionals the flexibility to choose their shifts, creating a mutually beneficial ecosystem. This innovative approach has positioned Toothio as a leader in dental employment solutions.
Toothio offers an innovative solution by connecting clinics with over 30,000 vetted dental professionals through a proprietary algorithm. This system efficiently matches professionals with nearby shifts, achieving an impressive 97 percent success rate in filling vacancies. According to Sergey Tokarev, “Toothio simplifies operations for clinics, provides flexibility for professionals, and ensures faster care for patients.”
The startup has been making waves in the industry, recently raising $5 million in a funding round that included contributions from major players like nvp capital, Craft Ventures, and Roosh Ventures, alongside other investors such as Rho Capital and Marketplace Capital. Sergey Tokarev expressed excitement about Toothio’s rapid growth, saying, “We at Roosh Ventures are thrilled to support Toothio in its development and scaling. Since its founding in 2021, the startup has grown by 300% annually, and we believe there is more to come!”
The gig economy’s rise has played a significant role in shaping Toothio’s business model. Andriy Tymovskiy, Principal and Junior Partner at Roosh Ventures, noted the broader trends the startup is tapping into: “We see the world shifting toward a gig economy, where people increasingly value flexibility in choosing their work hours, locations, and more. This shift brings its own set of challenges as workers adapt to new trends. Our portfolio already includes companies like Deel and Jump, which offer solutions in this space. Now, we’ve invested in Toothio, a talented team tackling staffing shortages in the dental sector. They’ve successfully applied this business model with Qwick and are now poised to scale it in the dental industry.”
In 2024 alone, Toothio saw remarkable growth, with over 15,000 new dental professionals joining its platform. This expansion also enabled the company to extend its services to eight additional U.S. markets, including major cities like Los Angeles, Seattle, Chicago, and Orlando. Through its streamlined mobile app and website, Toothio offers both clinics and professionals an easy way to access its services, proving to be a game-changer in the dental staffing industry.
Sergey Tokarev highlighted that the investment in Toothio aligns with Roosh Ventures’ broader mission to support innovative and scalable tech solutions. Over the past three years, the fund has invested in more than 40 startups, including well-known names like Deel, Pipe, and Dapper Labs. Roosh Ventures primarily focuses on enterprise SaaS, fintech, gaming, and AI, with its operations centered in the EU and U.S. markets. The fund has offices in Kyiv, Paris, and London, positioning it as a major player in global startup investment.