Quip is a Brooklyn, New York-based startup known for designing and manufacturing oral healthcare products, primarily electric toothbrushes. Founded in February 2015 by Simon Enever and Bill May, Quip has successfully positioned itself within the competitive oral care market by implementing a subscription model for dental products. The company has secured significant funding, including $10 million in Series A funding in 2017 and an additional $40 million in 2018. By focusing on both product design and accessibility, Quip has grown substantially and continues to innovate in the oral care industry.
| Attribute | Information |
|---|---|
| Founding Date | February 2015 |
| Headquarters | Brooklyn, New York, USA |
| Founders | Simon Enever, Bill May |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Sherpa Capital, Brainchild Holdings |
| Industry | Oral Healthcare |
| Number of Employees | Approx. 200+ |
Quip was founded in 2015 by Simon Enever and Bill May, with the vision of transforming the oral care market through innovative design and direct consumer engagement. Enever's inspiration came from a conversation with a dentist about the lack of effective toothbrushes in the market. This led to the development of a product that combines aesthetic appeal with functionality. Quip officially launched in November 2015, and by the end of 2016, it had sold over 100,000 toothbrushes. The early adoption of a subscription model helped Quip differentiate itself in an industry dominated by longstanding players like Sonicare and Oral-B.
Quip positions itself as a modern bridge between consumers and dentists, aiming to improve oral health through design-centric products. Its business model revolves around a subscription service that aligns with dental professionals' recommended schedules for replacing brush heads and toothpaste. Quip's achievements in oral care innovation and design have enabled it to secure a significant customer base and investor confidence:
Currently, Quip maintains a strong presence in the oral healthcare market, known for its innovative and consumer-friendly products. The company continues to expand its market reach through strategic partnerships and product innovation. Quip's products are primarily sold online, adhering to a direct-to-consumer model that reduces costs and increases accessibility. The integration with Salesforce has bolstered Quip's reputation as a versatile tool for businesses looking to integrate productivity and collaboration with sales management. Their market share, particularly in the United States, remains robust, supported by a broad user base and continued product development efforts.
Quip stands out in the oral care industry for its commitment to design and consumer help, offering products that merge practicality with aesthetic appeal. As they continue to innovate and refine their product offerings, Quip remains a notable player in the industry. Future growth is anticipated as the company leverages technology to enhance their offerings and expand their market presence, ensuring a comprehensive approach to consumer oral health care.