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SmileDirectClub

TeledentistryUSA
💀 Dead / Bankrupt
Peak $8.9 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    ~2018
  2. 📈
    Peak valuation
    $8.9 Billion ’19
  3. 💔
    Became a Unitard
    Sep 2023
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt 2023; ceased ops Jan 2024

How it happened

SmileDirectClub pioneered direct-to-consumer clear dental aligners sold via telehealth, reaching a peak valuation near $8.9B around its 2019 IPO. The stock cratered after the offering amid mounting losses, regulatory scrutiny, and lawsuits. The company filed for Chapter 11 bankruptcy in 2023 and ceased operations in early 2024, leaving customers without ongoing treatment support.

Source: Raised $430M private