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Birmingham-based denture-care company secure £1,284,000 investment

Birmingham-based digital denture care company Denturly has secured a £1,284,000 investment to help drive its UK expansion plans.


The money will come from two funding streams. £500,000 will come from the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, dedicated to supporting economic growth in the Midlands.


An additional £392,000 will come from the West Midlands Co-Investment Fund, set up by the West Midlands Combined Authority (WMCA) to promote innovative business growth in the region. Both are managed by Midven, part of the Future Planet Capital Group. The remaining £392,000 will come from co-investment from Haatch Ventures and US-based dental-specific venture fund Revere Partners.


The initial investment will propel Denturly to more than 50 locations nationwide over the next 24 months. The company will also be able to triple employee numbers, rising from 15 to 45. This expansion coincides with an expanding management team and increased expenditure on marketing. Denturly also plans to build out other avenues of the business such as care home and dentist referrals.


Denturly’s strategy is to disrupt the highly inefficient global dentures market. The aim is to emulate the effect caused by Invisalign in the orthodontics market in 2022. The company will achieve this by using digital scanning and 3D printing technology to improve fit, reduce cost, and take time out of the currently highly laborious fitting and manufacturing process.


The Covid pandemic escalated problems within NHS dentistry services, resulting in severe waiting lists. According to the BBC this has also exacerbated the NHS funding gap which means more dentists have to take on private work. The research shows that 9 in 10 practices are not taking on new adult patients. Denturly’s simple, fast, and convenient solution eliminates many pain points in the denture fitting process. This will have immediate advantages for patients and dentistry providers around the globe, as well as long-term benefits for the NHS.


Denturly has a proven and profitable business model and has achieved impressive traction to date. The business is armed with a highly competent management team that has notable experience in scaling SMEs. Midven has provided strategic guidance to Denturly in the lead up to investment and will make key introductions to potential new hires. Wanting to empower the entrepreneurs, Midven will also provide assistance wherever necessary to ensure the continual growth of the company.


Rupert Lyle at Midven says, “This infusion of capital will not only propel Denturly to over 50 locations nationwide but also triple employee numbers, showcasing the immense growth potential of this innovative digital denture care company. We believe in Denturly’s vision to revolutionise the global dentures market, and we’re dedicated to providing the strategic guidance and introductions needed to fuel their success.”


Graham Byrne, CEO of Denturly says, “We are excited to be partnering with Midven, the Midlands Engine Investment Fund and the West Midlands Co-Investment Fund. Our business is centred in  Birmingham which has been a fundamental factor in our ability to scale. We are grateful that Midven took the time to explore our vision to democratise quality digital denture care.”


The West Midlands Co-Investment Fund is a ground-breaking initiative launched by the WMCA) in partnership with West Midlands Pension Fund to provide innovative businesses with equity investment of up to £1m. Investments are focussed on SMEs that offer high-growth potential and the ability to help supercharge the West Midlands economy by growing the region’s industries of the future. The partnership looks to invest on a 1:1 basis matched by private co-investment across a variety of sectors including green technology, advanced manufacturing, life sciences and creative and digital, helping them to scale up operations.


Andy Street, Mayor of the West Midlands and chair of the WMCA, says: “Denturly is exactly the sort of forward-looking, locally headquartered company that the novel West Midlands Co-Investment Fund was set up to find, fund and foster. Companies like Denturly show how technology can be harnessed to drive innovation, generate value and unlock new growth opportunities. These are the building blocks of a regional economy that is fit for the future so it’s important to improve access to finance for players like this. I look forward to the West Midlands Co-Investment Fund continuing to do good work in the months and years ahead.”


Mark Wilcockson, Senior Investment Manager at the British Business Bank, said: “The Midlands Engine Investment Fund invests in Midlands SMEs with huge growth potential and innovative business structure. Companies like Denturly help boost local economies through job creation and making much needed services more accessible to people in need.”


The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

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About Denturly Ltd. Denturly, founded in 2021 by Graham Byrne, is a dental practice focused on improving denture care. Committed to patient satisfaction and affordability, Denturly aims to make dental solutions more accessible. They offer clear pricing and ensure a quick, one-week turnaround time. With a foundation of trust and transparency, Denturly has become a reliable choice for individuals seeking to enhance their smiles.   About Midven For more than 25 years, leading Birmingham-based venture capital firm Midven has been supporting Midlands SMEs, investing more than £90m into the region and raising over £200m co-investment into its portfolio. Midven’s ‘more than money’ approach helps to build strong and successful companies and support businesses every step of the way. Midven continues to extend its reach to invest in the Midlands’ most ambitious entrepreneurs through its appointment to manage the £55 million equity portion of the Midlands Engine Investment Fund (MEIF), as well as the £25 million West Midlands Co-Investment Fund. Midven was acquired by Future Planet Capital in April 2021. For more information about Midven, please visit   About Future Planet Capital Future Planet Capital Limited is a global venture capital and impact investor, connecting the world’s largest investors to the best minds in order to address global challenges. The firm is focused on providing growth capital to leading entrepreneurs and businesses from the world’s top universities and has deployed over $100M on behalf of institutional investors to date. Future Planet Capital’s goal is to profitably solve the world’s greatest challenges in climate change, education, health, sustainable growth & security. For more information about Future Planet please visit   About the Midlands Engine Investment Fund (MEIF) The Midlands Engine Investment Fund will invest in Debt Finance, Small Business Loans, Proof-of-Concept and Equity Finance funds, ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development.   The Midlands Engine Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity.   The Midlands Engine Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company.   The MEIF covers the following LEP areas: Black Country, Coventry & Warwickshire, Greater Birmingham & Solihull, Stoke-on-Trent and Staffordshire, The Marches, and Worcestershire in the West Midlands; and Derby, Derbyshire, Nottingham & Nottinghamshire (D2N2) Greater Lincolnshire, Leicester & Leicestershire, and South-East Midlands in the East and South-East Midlands.   The project is receiving up to £78,550,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The programme will continue to run until the end of 2023.   The Ministry for Housing, Communities and Local Government is the Managing Authority for the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit   The European Investment Bank is providing £122,500,000 to support the Midlands Engine Investment Fund. This follows backing for the Northern Powerhouse in 2017 and backing for the newly launched North East Fund. For further information visit   The funds in which Midlands Engine Investment Fund invests are open to businesses with material operations in or planning to open material operations in the West Midlands and East & South-East Midlands.   The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available at   About the British Business Bank The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.   The British Business Bank’s core programmes support nearly £8bn of finance to almost 94,800 smaller businesses. Since March 2020, the British Business Bank has also launched four new Coronavirus business loan schemes, delivering almost £73bn of finance to around 1.6m businesses.   As well as increasing both supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of the finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about their finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.   In light of the coronavirus pandemic and EU Exit, the Finance Hub has expanded, and it now targets a wider business audience. It continues to provide information and support for scale-up, high growth and potential high growth businesses, but now provides increased content, information, and products for businesses in survival and recovery mindsets. The Finance Hub has been redesigned and repositioned to reflect this, during this period of economic uncertainty.   British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at   About the West Midlands Co-Investment Fund In March 2023 Midven was appointed the fund manager for the £25m West Midlands Co-Investment Fund. The fund has been set up by the West Midlands Combined Authority (WMCA) in partnership with the West Midlands Pension Fund to invest equity of up to £1m in innovative high growth SMEs in the WMCA area. Operating over a 10-year period, the fund will also focus on bringing new private investor money to the region, and using a co-investment model will invest alongside business angels and other private sector investors on a minimum £1 to £1 basis.

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