Latest news with #Stoyan
Business Wire
a day ago
- Business
- Business Wire
Wisdom, the AI-Powered Dental Revenue Cycle Management Platform, Raises $28M to Accelerate Product Innovation and Capitalize on Rapid Growth
SAN FRANCISCO--(BUSINESS WIRE)--AI in revenue cycle management has become top of mind across the healthcare industry, but when it comes to the dental market, dentists are lacking the modern tools used by their medical counterparts. That's the problem that AI-powered dental RCM platform, Wisdom, is on a mission to solve. The company announced today the successful completion of its $21M Series A capital raise led by Permanent Capital Ventures (PCV), a venture capital firm that partners with founders to build go-to-market engines for enterprise scale. Aquiline, a private investment firm specializing in financial services and technology, joined the round, alongside existing investor and Co-Founder, Juxtapose, a leading creation-oriented investment firm. Juxtapose followed their recent $7M Seed investment, reaffirming the firm's commitment to Wisdom's continued growth and innovation. This funding brings Wisdom's total capital raised to $28M since its founding in 2023. The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Share The overwhelming majority of independent practices and small dental groups in America struggle with the administrative burden of running a profitable business, leaving over $20 billion of earned revenue uncollected despite spending billions of dollars on salaries for in-house revenue management. Wisdom, which has already collected hundreds of millions of dollars for its clients and saved them up to 50% of collection costs, takes a highly differentiated approach to administrative workflows by bringing AI agents and human experts together to maximize revenue collections, predictability, transparency and patient satisfaction, thereby freeing dentists and their staff to focus on delivering outstanding patient care. Since its inception, Wisdom has rapidly expanded by combining advanced, proprietary AI-driven technology with US-based billing experts. This unique approach has propelled Wisdom to achieve exceptional client satisfaction, underscored by a consistently high Net Promoter Score of 73 and strong organic growth. Over 50% of Wisdom's signed deals still come through referrals. Wisdom was awarded Top Dental Billing Company by Healthcare Business Review earlier this year and was named a 2025 Dental Innovator Award winner by DentalIQ for its AI-assisted dental billing service. Wisdom is led by CEO Stoyan Kenderov, an accomplished technologist, product leader and executive with over 25 years of success building new products and transforming organizations into customer-obsessed teams that drive growth and profitability, most recently as COO of business payments platform Plastiq. Prior to his time at Plastiq, Stoyan held senior leadership roles at LendingClub, Intuit, Quicken, and many other international technology companies. Stoyan is joined by Wisdom Co-Founder and Chief Dental Billing Officer Ashley Bond, who previously founded and led the award-winning nationwide billing service, Bond Dental Billing. 'We are thrilled to partner with PCV and Aquiline as we continue our mission to transform dental billing and revenue management,' said Kenderov. 'Their proactive approach and expertise in building scalable enterprises align perfectly with our vision to significantly enhance financial outcomes and operational efficiency for dental practices.' PCV's investment in Wisdom reflects the firm's strategy of supporting innovative startups poised for transformational growth. 'Wisdom has created an impressive track record by uniquely integrating AI technologies with deep industry expertise,' said Mike Gamson, Co-Founder and Managing Partner at Permanent Capital Ventures. 'We see immense potential in their ability to scale and redefine revenue management solutions in the dental sector and beyond.' Aquiline has a history of building scaled revenue cycle management businesses, and this investment in Wisdom marks the firm's second investment supporting the dental industry. 'While we continue to see significant innovation across dental, the market is filled with point solutions and generally lacks modern, end-to-end platforms, especially across the rev cycle process,' said Dante La Ruffa, Partner at Aquiline. 'We believe that Stoyan and his team are reimagining the future of dentistry, starting with the key pain points that have historically inhibited dentists from maximizing their time with patients.' This funding will enable Wisdom to further enhance its technology platform, accelerate market expansion, and continue building out its exceptional team to better serve dental offices of all sizes - from private practices to multi-location dental groups across the country. 'The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Stoyan and his team have moved quickly but thoughtfully to build a solution which really moves the needle for dentists while preserving the value of human expertise,' said Andy Stein, Partner at Juxtapose. For more information about Wisdom and its innovative dental billing solutions, please visit About Juxtapose Juxtapose is a creation-oriented investment firm building and funding industry-defining technology companies. Juxtapose's concept development and investment process is focused on multi-decade opportunities in complex industries that leverage the team's expertise in software and technology, human-centered design, commercial strategy, executive talent assessment, and private capital markets. Juxtapose has built and led the financing of companies across software, healthcare, and tech-enabled services that have raised over $1B of external, follow-on private capital. Founded in 2016, Juxtapose now has over $1B AUM. About Permanent Capital Ventures Permanent Capital Ventures is an expansion stage venture capital firm that partners with extraordinary founders building AI application businesses. We lean in with unique go-to-market expertise in the moments after product-market fit has been established to help unlock the path to enterprise scale. About Aquiline Aquiline Capital Partners LP ('Aquiline') is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management across the firm's three strategies in private equity, venture, and credit. Additional information is available on the firm's website: Aquiline Capital Partners LP ('Aquiline') is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management and has deployed approximately $7.4 billion of capital across the firm's three strategies in private equity, venture, and credit.
Khaleej Times
03-04-2025
- Business
- Khaleej Times
Dubai-based Bulgarian couple are in the business of parties that end at 10pm
Dubai-based Bulgarian couple Stoyan Angelov and Johana Angelova are redefining nightlife with a concept as refreshing as their Leave by 10 is their brainchild—a party that starts at 6pm and wraps by 10pm, making it perfect for parents, professionals, and anyone who wants to dance without sacrificing sleep. The idea was born out of real life. After the birth of their daughter Sophia, Johana realised that late-night parties no longer fit her lifestyle. 'We used to go out a lot to parties, to travel, and suddenly it wasn't that easy,' she recalls. 'Being missing from home during the whole night and then getting less sleep not only because of the baby, but because of a party, isn't the best.' Johana teamed up with her long-time friend and creative powerhouse Hristiana Zabunova to bring this idea to life in Bulgaria. The response was electric—events began selling out a week in advance. Now, the couple is set to launch the Dubai edition, with Stoyan stepping in as a partner thanks to his strong ties to the region's vibrant nightlife scene. 'We're planning Please Leave by 10 parties in Dubai and London. Since we don't know the market specifics abroad enough, we work with local partners for markets different from Bulgaria. For London, we will work with an experienced agency,' said Johana. Stoyan, a serial entrepreneur, brings two decades of experience in tech, blockchain, and events. He traces his entrepreneurial spark back to his youth. 'I've dreamed of having my own business since a very young age. One of the early influences in my life was my uncle, who runs a feta cheese production business. I was always inspired by his entrepreneurial spirit and independence. Later on, I was fortunate to meet like-minded individuals when I was just 18, and together we launched my first business—an online venture focused on selling luxury products,' added 38-year-old Stoyan, who has a Bachelor's in Industrial Management. For Johana, the transition from digital marketer to entrepreneur was powered by love and mentorship. 'Stoyan's dynamic startup life and enthusiasm is very contagious,' she says. 'Tired of the corporate life and inspired and supported by him, I decided to quit my 9-to-5 job and pursue my first online business,' added Johana. Stoyan and Johana's journey together—both romantic and entrepreneurial—has been shaped by mutual respect, shared ambitions, and a deep belief in balance. 'Talking to my husband every day about the struggles that I face, slowly but surely I manage to reshuffle my perception of myself and the importance of my projects,' says 32-year-old Johana, a professional with over 10 years in digital marketing, holding Bachelor's in public relations and master's in advertising, brand management and business design. In Sofia, Bulgaria, Johana co-organises the Please Leave by 10 parties and also has a project called which is focused on the overall wellbeing of women and mums, giving them value through insightful events and digital content. Johana shares she first met Stoyan nearly a decade ago through a professional collaboration where he was organising an event, and her media outlet was a partner. Even then, she admired his strong work ethic and how seamlessly they worked together. Years later, fate brought them together again at a New Year's party in Sofia, where sparks finally flew and their love story truly began. Their decision to co-create the Dubai edition of Please Leave by 10 felt like a natural next step. With Stoyan's deep knowledge of the city's vibrant nightlife and their past success as collaborators, they felt confident about blending business with love—striking a balance between passion, purpose, and partnership. Why UAE? In late October 2024, Johana and Stoyan made the UAE their family home, bringing along their two-and-a-half-year-old daughter and their beloved poodle, Brownie. Drawn by the country's dynamic business landscape and a desire to give their daughter a better education and healthier environment, the move felt both practical and heartfelt. Their decision was cemented after spending a memorable month in Dubai in 2023—a visit that opened their eyes to the city's energy, lifestyle, and limitless possibilities. Now, they plan to spend most of the year in the UAE, nurturing both their family and their growing ventures. The ambitious duo attribute their success to the UAE. Johana, said: 'Although Dubai is huge and so dynamic, we find peace in our beautiful neighbourhood that has everything to make you feel good—futuristic playgrounds and one of the best nurseries in the world for our child, green spaces, modern gyms for physical activity and so much more. Here I'm able to focus more on the things that matter the most. For Stoyan, what started as a short trip quickly turned into regular visits. 'My journey with the UAE began five years ago, initially as a visitor attending a crypto conference in Dubai. I was deeply inspired by the country's thriving entrepreneurial community, its forward-thinking vision, and a lifestyle that truly celebrates ambition, innovation, and growth. The UAE, and Dubai in particular, has become a powerful launchpad for me. It's a place where I've met exceptional people from all over the world—many of whom have become collaborators and partners in business. With Please Leave by 10 set to debut in Dubai soon, this couple's shared vision is a glowing example of how love, family, and innovation can thrive together—even under disco lights. Business tips for young couples
