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Wally, a national dental membership company, raised a $25 million Series A, CEO Tyler Burnett tells Axios Pro exclusively.

The big picture: Insurance pressures and staffing shortages in the U.S. dental market are fueling interest in new care models.

Follow the money: The Series A was led by Maveron, with participation from Bling Capital and Jack Abraham, co-founder of Hims.

"This fundraise, if we want it to be, could be our last fundraise," Burnett says.

How it works: Members pay $249 annually for preventative services without requiring insurance.

The New York-based company also uses diagnostics and AI-assisted detection tools.

Burnett says Wally has roughly 50,000 members, primarily in New York, with additional operations in Jersey City, Philadelphia and Chicago.

Between the lines: Wally skews toward the uninsured, who typically use dental care less often: 60% of its customers lack coverage, versus about 24% of Americans overall.

"People are also still spending out of pocket to go around their dental insurance because their dental insurance isn't working," Burnett says.

Zoom out: Membership-based health care models such as concierge medicine are expanding, but the evidence on whether they improve clinical outcomes is still limited.

What's next: Wally plans to use the new capital to expand from 15 locations to 100 by the end of 2027 and continue investing in its AI platform.

Exclusive: Wally raises $25M to grow insurance-free dental model

Wally plans to use the Series A to expand from 15 locations to 100 by the end of 2027.

Illustration of a toothbrush with dollar bills as bristles.

Wally, a national dental membership company, raised a $25 million Series A, CEO Tyler Burnett tells Axios Pro exclusively.The big picture: Insurance pressures and staffing shortages in the <a class="gtmContentClick" data-vars-link-text="U.S. dental market" data-vars-click-url="https://www.ada.org/resources/research/health-policy-institute/dental-care-market" data-vars-content-id="19ce138f-fd58-43c1-95cf-3460595a7053" data-vars-headline="Exclusive: Wally raises $25M to grow insurance-free dental model" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.ada.org/resources/research/health-policy-institute/dental-care-market" target="_blank">U.S. dental market</a> are fueling interest in new care models.

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Exclusive: Wally raises $25M to grow insurance-free dental model

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