Venture Capital
Quip, an oral health care startup that has boomed with the proliferation of startups banking on the so-called subscription economy, is only getting bigger now that it has raised $40 million more in venture capital. A combination of equity and debt financing while led by existing investor Sherpa Capital, the latest funding round brings Quip’s total funding to over $60 million. Announced Tuesday, the funding round follows Quip’s expansion in October from its online-only subscription model for delivering electric toothbrush replacement heads and toothpaste to in-store placement at Target (tgt).