Boathouse Capital Realizes OrthoFi Investment
May 8, 2019
Boathouse Capital is pleased to announce that it has realized their investment in OrthoFi. The exit is the result of a growth equity investment led by Accel-KKR Capital Partners.
OrthoFi is a technology-enabled service platform designed to leverage customer relationship management software and industry-leading revenue cycle management services to stimulate growth and streamline operations for orthodontic practices. Founded in 2013, OrthoFi is headquartered in Denver, CO.
“We’ve seen encouraging growth and compelling results for our customers over the last five years by delivering a true end-to-end platform that enables practices to start more patients and leverage our revenue cycle services and analytics to run their businesses more effectively. We are thrilled about the opportunity ahead, and we believe this partnership with Accel-KKR will help us accelerate our development to grow our market share and amplify our portfolio of offerings as we enter our next stage of growth,” said Dave Ternan, CEO of OrthoFi.
Boathouse Capital will be exiting the investment after four years of involvement. Over the course of their investment, OrthoFi became one of Denver’s fastest growing private companies.
Chong Moua, General Partner at Boathouse Capital remarked, “I’m thrilled to provide an outstanding return to our investors. Our capital helped the business invest in product development and technology enhancements, which led to impressive revenue growth and 150% employee growth over four years.”