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OTIS Dental isn't accepting new investments

OTIS Dental’s deadline was February 16, 2021

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OTIS Dental

Providing an easy and affordable way to combat life's daily grind
LGBTQIA+ Founders B2C Diverse Founders Healthcare Services
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Featured image of OTIS Dental
$130,498
Raised
336
Investors
Successfully funded and closed on February 16, 2021.
Invest in OTIS Dental
Pitch Updates 15 Reviews 66
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Closed on February 16, 2021. Information may not be up-to-date. Campaign closed on February 16, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by OTIS Dental. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
OTIS Dental Crowd SAFE Otis Form C.pdf
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Hear from some of the 336 investors in OTIS Dental


Show more

Highlights


$250K+ revenue
Company had over $250K in revenue in the past 12 months
Bootstrapped
High traction without any outside capital
  • Custom Night Guards made with the same materials and methods as dentists
  • Easy and Affordable - no dental office visits or excessive $500+ mark-ups
  • Addressing the $8B+ and $10B markets of Stress and Bruxism, respectively
  • Validation from UCSF and the U.S. Dept. of Veterans Affairs medical center
  • Retail partnerships with Walgreens and Target
  • $250K raised with 20x increase in revenue in one year.
  • v2.0 Sensor: monitors oral health, clouds data to dentist & manages stress

Problem


The daily grind on your teeth

In this current climate, we're dealing with unprecedented levels of stress. But, did you know that this stress is taking a painful and destructive toll on your teeth? In dentistry, it's called Bruxism, the clenching and grinding of teeth that mainly occurs during sleep. Research shows that 85-90% of the general population will exhibit symptoms of Bruxism, with 30-40 million cases here, in the US. If left untreated, we're at high risk of tooth and jaw damage. This means, many painful and expensive visits to the dentist.

A Night Guard is a non-invasive option to protect against Bruxism, but both come with challenges and limitations:

When your night guard eventually wears down, you'll have to repeat the process and pay again.

Solution


Democratizing dentistry

At OTIS, we’re tearing down the status quo of marked-up dentistry and creating a culture of transparency around preventative oral care. With our direct-to-consumer approach, we’re able to provide custom night guards in an easy and affordable way - using the same premium-quality materials and methods as any other licensed dental provider. 

Product


Our easy two-step process

Step 1 

Use our Impressions Kit in the comfort and privacy of your home.

 Step 2

Use the prepaid envelope to send us your impressions. And in just a few days, you'll receive your OTIS custom night guard in the mail.

Best of all, our scanning technology and subscription plans make the process even easier and more affordable than ever, as we use your stored teeth impressions to create and send you a new and clean custom night guard every 4, 6 or 12 months, based on your bruxing habits.

Traction


20x revenue increase in 1 year

In our first year, we validated the demand, ease and affordability of the OTIS Custom Night Guard through a successful Kickstarter campaign. We continued this validation through a year-long clinical study with UCSF and the U.S. Department of Veteran Affairs medical center. It was concluded that the OTIS Custom Night Guard was a better, low-cost alternative for those who had a difficult time with office visits, couldn't afford the out-of-pocket costs and/or had insurance coverage limits for their traditional custom night guard. Since then, we've expanded our sales channels through partnerships with large retail chains, like Walgreens and Target. 

Customers


Something to smile about

No more time-consuming offices visits or out-of-pocket mark-ups.   It's a good thing. 

Business model


Subscription-based oral care: one less thing to stress about

Our subscription-based options are offered through B2B and B2C sales channels. Send us your teeth impressions and choose an affordable plan that fits your unique bruxing habits. We take care of the rest. 

Initial purchase: 

  • Wholesale to retailers: $70 (margins: 43%)
  • Direct online purchase: $100 (margins: 60%) 

 Subscription plans for on-going care:

  • Every 4 months: $70 (margins: 43%)
  • Every 6 months: $80 (margins: 50%)
  • Every 12 months: $90 (margins: 56%)

Market


$20B market opportunity

The main cause of Bruxism is stress and anxiety, which means that we're all bruxing at one time or another and it's incurable. This provides a great opportunity to access the $10B Bruxism and $8B+ stress-management markets.

Our target customers are the 80M+ Millennials in the US. They are the most pro-active generation when it comes to health, but have the highest rate of stress-related sleep disorders.


Competition


Doing it better with experience and transparency

OTIS Custom Night Guards provide optimal comfort and protection, in an easy and affordable way. With our direct-to-consumer approach, you can skip the dentist visits and receive a premium-quality custom night guard for 80% less. With decades of dental experience and patient research, we've designed our custom night guards to an equal ratio and thickness of hard and soft materials that provide optimal protection and comfort throughout the night. Our custom night guards are BPA-free, non-allergenic, gluten-free and recyclable. You can sleep peacefully, knowing that it's good for you, your wallet and the planet.

Vision and strategy


Protecting the health & beauty of smiles everywhere

As licensed dental care providers, we're aware of the challenges that one faces when trying to maintain a healthy and beautiful smile. It's why we're always thinking of new and exciting products and technologies to improve one's oral health - paving the way for OTIS Dental to be the go-to brand for oral care products. 

Short term goals

  • Launch subscription plans
  • Launch multi-channel marketing
  • Expand operations and staffing
  • Begin prototype of v2.0 Custom Brux-Sensor Night Guard

Long term goals 

  • Launch additional oral health and beauty products in pipeline
  • Create brick & mortar locations in major cities to offer same-day services

Funding


$250K raised and $300K in revenue

The founder has personally invested $150K+, with a family/friends investment of $80K and a successful Kickstarter campaign of $15K+. Since then, we've started a nationwide retailer partnership with Walgreens in 2020, and finalized a new retail partnership and purchase order with Target for 2021.

To date, we've generated approximately $300K through B2B and B2C sales channels, and currently raising $750K in growth capital to reach our next milestones:

Founders


Led by professional and personal experience

Our founder knows firsthand the dire need for an easy and affordable night guard. A year into starting his career as a registered dental hygienist and preventative dental science researcher, Andrew was the victim of a hate-crime that left him in the ICU for two weeks and diagnosed with PTSD-induced Bruxism. Faced with the OTC and dentist-made night guard challenges, himself, Andrew knew that something had to change, so he created OTIS. In addition to designing the OTIS Custom Night Guard, Andrew has invented a micro sensor technology that expands the protective function of the product into an oral health-monitoring and stress-management tool. 

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for OTIS Dental occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$150

The smallest investment amount that OTIS Dental is accepting.
Learn more

Funding goal

$1.07M

OTIS Dental must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
OTIS Dental needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by OTIS Dental. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
OTIS Dental Crowd SAFE Otis Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in OTIS Dental.
Invest
$150
Receive
  • An Aerosilver® Antimicrobial Face Cover with "Stronger Together" logo
  • 50% off of an OTIS Custom Night Guard or OTIS Custom Whitening Trays with professional-strength whitening gel.
  • Your name mentioned on website as "Investor"
Invest
$300
Receive
  • A 3-Pack of Aerosilver® Antimicrobial Face Covers with "Stronger Together" logo
  • Your choice of an OTIS Custom Night Guard, or OTIS Custom Whitening Trays with professional-strength whitening gel.
  • Your name mentioned on website as "Investor"
Invest
$500
Receive
  • A 3-Pack of Aerosilver® Antimicrobial Face Covers with "Stronger Together" logo
  • OTIS Custom Night Guard
  • OTIS Custom Whitening Trays with professional-strength whitening gel.
  • One QUIP electric toothbrush (subscription not included)
  • Your name mentioned on website as "Investor"
Invest
$1,000
Receive
  • A 3-Pack of Aerosilver® Antimicrobial Face Covers with "Stronger Together" logo
  • OTIS Custom Night Guard
  • OTIS Custom Whitening Trays with professional-strength whitening gel
  • One Quip Hygiene Kit - Includes an electric toothbrush with cover, mint toothpaste, floss and floss pick (subscription not included).
  • Your name mentioned on website as "Investor"
Invest
$5,000
Receive
  • A 5-Pack of Aerosilver® Antimicrobial Face Covers with "Stronger Together" logo
  • OTIS Custom Night Guard with 3-year subscription (1/year)
  • OTIS Custom Whitening Trays with professional-strength whitening gel and 3-year subscription (Touch-up gels delivered per 6 months)
  • One Quip Hygiene Kit - Includes an electric toothbrush with cover, mint toothpaste, floss and floss pick (subscription not included).
  • Your name mentioned on website as "Investor"
Invest
$10,000
Receive
  • A 5-Pack of Aerosilver® Antimicrobial Face Covers with "Stronger Together" logo
  • OTIS Custom Night Guard with 5-year subscription (1/year)
  • OTIS Custom Whitening Trays with professional-strength whitening gel and 5-year subscription (Touch-up gels delivered per 6 months)
  • Quip Hygiene Kit - Includes an electric toothbrush with cover, mint toothpaste, floss and floss pick (subscription not included).
  • Your name mentioned on website as "Investor"
Invest
$25,000
Receive
  • All of the above +
  • An invitation to San Francisco, where the founder of OTIS will prepare a traditional Korean "royal court" dinner with dessert and Q&A. Investor + 1 guest.
  • Dinner preparation and setting subject to COVID safety compliance. Travel and accommodations are not included.
Invest
$50,000
Receive
  • All of the above +
  • 2 Round Trip Tickets to San Francisco, on American Airlines (Economy Class)
  • 2 Days/1 Night accommodations at the Westin St. Francis Hotel in San Francisco (1 room)

Why others invested

See all reviews (0) See all (0)

huge market, innovative product

Profile picture of Andrew Blum
Andrew Blum
Active investor
over 4 years ago

Seem like a great ideal for this new way of dealing with covid19 for dental care non visit treatments.

Profile picture of Luchious Jefferson
Luchious Jefferson
Active investor
over 4 years ago

Patent, app, revenue, free clinical trials, subscription model, sales at national retailers, at home oral care and stress management - yep, it ticked way too many boxes to ignore.

Profile picture of Vilem Fruhbauer
Vilem Fruhbauer
Active investor
over 4 years ago

About OTIS Dental

Legal Name
OTIS Dental
Founded
Mar 2017
Form
Delaware LLC
Employees
3
Website
hellootis.com
Social Media
Headquarters
Google Map location of of OTIS Dental
250 Irving Street Unit 1 , San Francisco, CA
Headquarters
250 Irving Street, Unit 1, San Francisco, CA, United States 94122

OTIS Dental Team
Everyone helping build OTIS Dental, not limited to employees

Profile picture of Andrew Lee
Andrew Lee
Dental Hygienist, Founder & CEO
* Over 10 years of experience as Registered Dental Hygienist – Private Practice and UCSF School of Dentistry. * Inventor of the Brux-Sensor night guard technology. * MBA – Healthcare Management & Biotechnology
Profile picture of Rishi Gupta, MD DDS
Rishi Gupta, MD DDS
Chief Dental Officer -Oral Surgeon, Sleep Medicine Specialist and Bruxism Specialist at SF VA Medical Center; Clinical Professor at UCSF and UC Davis
Profile picture of Bryant Park, CPA
Bryant Park, CPA
Chief Financial Officer - CPA with over 10 years experience in various startup industries
Profile picture of Brendan  Carberry
Brendan Carberry
Advisor - Six years of experience at Align Technologies (Invisalign). Over three years of startup experience in 3D dental printing and medical devices.
Profile picture of Molly Newlon, DDS
Molly Newlon, DDS
Advisor - Clinical Professor at UCSF and RDAEF Director at UOP.
4 more team members
Andrew Lee
Dental Hygienist, Founder & CEO
Rishi Gupta, MD DDS
Chief Dental Officer -Oral Surgeon, Sleep Medicine Specialist and Bruxism Specialist at SF VA Medical Center; Clinical Professor at UCSF and UC Davis
Bryant Park, CPA
Chief Financial Officer - CPA with over 10 years experience in various startup industries
Brendan Carberry
Advisor - Six years of experience at Align Technologies (Invisalign). Over three years of startup experience in 3D dental printing and medical devices.
Molly Newlon, DDS
Advisor - Clinical Professor at UCSF and RDAEF Director at UOP.
Logo of OTIS Dental

OTIS Dental

OTIS Dental successfully raised $130,498 from 336 investors on February 16, 2021
Profile picture of Randi Zuckerberg
Profile picture of Joseph Gramc
Profile picture of Malte Landwehr
Profile picture of Zachary DeLong
Profile picture of Francis Leonard Santos
Randi, Joseph, Malte, Zachary, Francis Leonard, and 331 others invested. 66 Reviews
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