Direct-to-consumer oral health care company quip has raised an additional ~$20M in equity funding bringing its total equity funding to $~32.2M. quip was founded by Bill May and Simon Enever in 2014. The approximations are necessary here because apparently, the company does not wish to disclose the exact breakdown of this funding which included a mix of equity and debt and was said to be ~50/50 on a $40M announcement. One day, founders and their PR firms will not choose to mislead the public by commingling debt and equity but until then, we’ll all have to stick to approximations.
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