Quip NYC Inc., the local oral health startup and toothbrush innovator, has received a new round of financing. The company, based in Brooklyn, now has more than $60 million in backing. Sherpa Capital led the most recent effort, which put $40 million into Quip's coffers. Triplepoint Capital also participated in the campaign. The money is expected to be used to support the launches of upcoming products and advertising campaigns.
Quip — a subscription service akin to Dollar Shave Club, but specializing in sending customers new brush heads every three months for a small fee — is under the helm of co-founder and CEO Simon Enever. He address the company's goals in a prepared statement:
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