Business

Mexican Moons raises $9 million from DILA Capital to expand in Mexico and Colombia

Moons is a health tech focused on improving access to orthodontics by offering 3D-printed invisible aligners at attractive prices

Mexican Moons raises $9 million from DILA Capital to expand in Mexico and Colombia
Photo: Moons/Facebook
Ler em português

Mexican startup Moons announced it has raised a $9 million round led by the Mexico City-based venture capital fund DILA Capital. Moons, a health tech that seeks to improve access to orthodontics by offering invisible aligners at attractive prices, will use this latest capital to consolidate its presence in the Mexican and Colombian markets and to expand across Latin America.

Founded in 2019, Moons now has over 20 clinics in Mexico and Colombia and plans to have 30 by December. The startup also intending to launch its services in Peru and Chile by the beginning of 2022.

READ ALSO: a55, BTG Pactual and Empirica launch a BRL 250 million credit line for startups

Moons developed a technology to manufacture high-quality, 3D-printed invisible aligners tailored to patients’ individual needs, improving their quality of life without the use of braces. According to the startup, the average duration of treatment is less than a year, which is around half the time required for traditional braces treatments.

With its technology, Moons claims to offer treatments at around half the price of its competitors, due to the vertical integration of 3D-printing laboratories and specialized dental centers within the company. So far, Moons has had more than 10,000 patients.

READ ALSO: Bitso’s ‘formula’ to become Mexico’s second unicorn

Tommaso Tomba, founder and CEO of Moons said that the company is excited about the next expansion phase. “The attractive cost and high quality of our product and service will expand access to orthodontic treatments in Latin America, positively impacting the lives of our patients.”

Get the best insights about Latin America market in your inbox