Patient21 raised $142 million in a round led by Target Global

Patient21 (Dental21), a Berlin, Germany-based digital agency focused on dentist offices, announced raising funds totalling $142 million.

The money was raised from investors ld by Target Global and joined by Eight Roads, Piton Capital, Pico Capital, Thomas Stafford and Kingsway.

Patient21, founded in 2019 by Christopher Muhr and led by CEO Nicolas Hantzsch, provides digital services combined with dental-specific tasks targeted for local offices. The company, which also operates Dental 21, as well as running 25 practices and the Sankt Elisabeth clinic, has been buying and refurbishing dental clinics and upgrading them with technology such as management software to assist with administrative tasks like booking appointments and managing patient data. The other aim of Patient21 is to offer patients an electronic health record (EHR) — in other words, a complete medical history that doctors can use to make better diagnoses.

Dental21 previously raised capital from Kingsway Capital, Piton and Target Global at the start of 2021.