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Render Capital Invests $250,000 in Kare Mobile
February 25, 2021 · Render Capital
We are excited to announce a $250,000 investment in Kare Mobile, a local startup that provides mobile dentistry services in Jefferson County and surrounding areas.
Founded in 2018 as a mobile app connecting patients to dentists, Kare Mobile has since shifted its focus to more directly improving access to oral health for underserved populations particularly hard hit by the rising cost of dental care. It does so through its Kare-branded, fully equipped vans that travel directly to patients to provide remote dentistry services. The vans are complete with all necessary tools and equipment, so patients receive safe, expert care with every visit.
Kare Mobile has seen over 1,000 patients and, with the help of this investment, will be able to expand its services nationally, including to Atlanta, Dallas, Detroit, Las Vegas, and Tampa. The expansion will also support the creation of a scheduler optimization software system to better map out routes and logistics for drivers.
“I’m extremely thankful to the Render Capital team for believing in us and stepping in to support our initiative, which is going to help us continue to make a difference in this region, and now, nationally,” said Dr. Kwane Watson, founder and CEO of Kare Mobile.
After struggling to get capital for three years, Kare Mobile has now received investments from both Render Capital and Lightship Capital, a venture capital fund out of Cincinnati, Ohio.
“At Render Capital, we aim to unlock more access to capital for entrepreneurs so they can grow their businesses, and we were proud to help make this happen for Kare Mobile,” said Moses Icyishaka, Principal, Render Capital.
Before founding Kare Mobile, Dr. Kwane Watson had been a practicing dentist in the West Louisville community for 21 years, and was the first dentist to open in Norton Commons. After selling his practices in 2016, Watson began work on the Kare Mobile initiative with a goal not to compete with other dentists, but to help providers increase their own profitability. He serves as President of the American Mobile Dental and Teledentistry Alliance and President of the Kentucky Dental Society, and sits on the Advisory Board of Dentistry IQ.