Predict your next investment

Venture Capital
eightroads.com

See what CB Insights has to offer

Investments

363

Portfolio Exits

52

Funds

10

About Eight Roads Ventures

Eight Roads Ventures, fka Fidelity Growth Partners Europe, is the proprietary investment arm of FIL, Fidelity International Limited. Eight Roads invests directly into real estate, venture, and growth businesses.

Eight Roads Ventures Headquarter Location

1 St. Martin’s Le Grand

London, England, EC1A 4AS,

United Kingdom

+44 20 7074 5400

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Eight Roads Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Eight Roads Ventures in 1 CB Insights research brief, most recently on Apr 14, 2020.

Latest Eight Roads Ventures News

Dental Tech Startup toothsi Raises $40 Mn From Eight Roads Ventures, Others

May 2, 2022

02 May'22 | 3 min read South Korea-based Paramark, IIFL, and the family office of Medlife cofounders, Think Investments and the Mankekar family office also participated in this round toothsi wants to further expand its reach in Tier 2 cities in the near future The startup also plans to invest in robotic automation for aligner manufacturing and further scale its technology platform, operations Dental tech startup toothsi has raised $40 Mn in Series C funding round. With the fresh capital, the startup intends to focus on deeper geographic penetration and category expansion. Along with Eight Roads Ventures, South Korea-based Paramark, IIFL, and the family office of Medlife cofounders: Prashant Singh and Tushar Kumar, existing investors Think Investments and the Mankekar family office also participated in this round. The round also saw participation from angel investors such as Aditya Puri, former managing director of HDFC Bank and Karan Singh, managing partner of Bain & Company’s India offices. Founded in 2018 by Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kale, toothsi provides customers with teeth alignment treatment at home. It claims to have designed smile makeovers for 140,000 customers in India with invisible, 3D-printed clear aligner technology. “The brand intends to be the one-stop platform for doctor-directed solutions for cosmetic dentistry and dermatology. The support of our investors has empowered us to bring to life our vision of building a first-of-its-kind clinical beauty technology brand. We, at toothsi, intend to use this capital to build a great team for further geographic penetration and category expansion,” Dr Arpi Mehta Shah, cofounder and CEO of toothsi said. At the beginning of this year, toothsi raised $9 Mn in a debt funding round led by Stride Ventures. In August last year, it had raised $20 Mn in a Series B funding round led by Eight Roads Ventures, San Francisco-based Think Investments and the Mankekar Family Office. For a seamless customer experience, toothsi aims to further scale its technology platform and operations. In addition, it plans to invest in robotic automation for aligner manufacturing. toothsi currently claims to have more than 2,000 partner dental centres across India. The startup intends to further expand its reach in Tier 2 cities in the near future. “We are pleased to deepen our partnership with Toothsi. Since our first, smaller investment last year, the company has continued its successful transformation into a leading clinical cosmetology brand,” Dr Prem Pavoor, senior partner, head of India and healthcare investments, Eight Roads Ventures, said. It is to be noted that toothsi is also working on its sister brand ‘skinnsi’ which provides at-home laser-assisted cosmetology services. Over the past few months, it has introduced a variety of dental and skin self-care products including an innovative teeth whitening and oral hygiene product line. In the past few months, a number of healthtech startups garnered investments. Some of these startups include Medikabazaar, Medfin, Loophealth and Phable. According to Inc42 Plus analysis , Indian healthtech startups raised close to $2.2 Bn across 131 deals in 2021. There were 3,548 active startups in the healthtech space in 2021, accounting for 8.9% of the startup world that comprises 39,960 companies. The healthtech sector in India, with more than 5,000 startups, is all set to grow at a CAGR of 39% to touch $5 Bn by 2023, according to a report by RBSA Advisors. Moreover, it is expected to reach $50 Bn by 2033.

Eight Roads Ventures Investments

363 Investments

Eight Roads Ventures has made 363 investments. Their latest investment was in Element5 as part of their Series B on May 5, 2022.

CBI Logo

Eight Roads Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/3/2022

Series B

Element5

$30M

Yes

2

5/2/2022

Series C

ToothSi

$40M

No

5

4/27/2022

Series A

Reveal

$50M

Yes

2

4/24/2022

Series C

Subscribe to see more

$99M

Subscribe to see more

10

4/12/2022

Series A

Subscribe to see more

Subscribe to see more

10

Date

5/3/2022

5/2/2022

4/27/2022

4/24/2022

4/12/2022

Round

Series B

Series C

Series A

Series C

Series A

Company

Element5

ToothSi

Reveal

Subscribe to see more

Subscribe to see more

Amount

$30M

$40M

$50M

$99M

New?

Yes

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

5

2

10

10

Eight Roads Ventures Portfolio Exits

52 Portfolio Exits

Eight Roads Ventures has 52 portfolio exits. Their latest portfolio exit was Unbxd on March 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/24/2022

Corporate Majority

12

2/2/2022

Acquired

14

12/17/2021

Acquired

4

12/10/2021

IPO

Subscribe to see more

Subscribe to see more

10

11/18/2021

Acquired

Subscribe to see more

Subscribe to see more

10

Date

3/24/2022

2/2/2022

12/17/2021

12/10/2021

11/18/2021

Exit

Corporate Majority

Acquired

Acquired

IPO

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Subscribe to see more

Sources

12

14

4

10

10

Eight Roads Ventures Acquisitions

2 Acquisitions

Eight Roads Ventures acquired 2 companies. Their latest acquisition was Citrine Medicine on January 01, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/1/2019

Series A

$99M

$80M

Acq - Fin

1

6/20/2013

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/1/2019

6/20/2013

Investment Stage

Series A

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

$80M

Note

Acq - Fin

Subscribe to see more

Sources

1

10

Eight Roads Ventures Fund History

10 Fund Histories

Eight Roads Ventures has 10 funds, including Eight Roads China Healthcare Fund V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/29/2021

Eight Roads China Healthcare Fund V

$400M

1

3/20/2018

ERVE III

$375M

3

11/30/2017

Eight Roads Ventures Japan Fund II

$224M

1

9/5/2017

Eight Roads Ventures China Healthcare Fund

$99M

10

12/31/2015

Eight Roads Ventures Japan Fund I

$99M

10

Closing Date

6/29/2021

3/20/2018

11/30/2017

9/5/2017

12/31/2015

Fund

Eight Roads China Healthcare Fund V

ERVE III

Eight Roads Ventures Japan Fund II

Eight Roads Ventures China Healthcare Fund

Eight Roads Ventures Japan Fund I

Fund Type

Status

Amount

$400M

$375M

$224M

$99M

$99M

Sources

1

3

1

10

10

Eight Roads Ventures Team

6 Team Members

Eight Roads Ventures has 6 team members, including current Managing Partner, Raj Dugar.

Name

Work History

Title

Status

Raj Dugar

Managing Partner

Current

Davor Hebel

Managing Partner

Current

David Milstein

Walt Disney Enterprises, and Fidelity Ventures

Managing Partner

Current

Daniel Auerbach

Managing Director

Current

Alokik Advani

Managing Director

Former

Name

Raj Dugar

Davor Hebel

David Milstein

Daniel Auerbach

Alokik Advani

Work History

Walt Disney Enterprises, and Fidelity Ventures

Title

Managing Partner

Managing Partner

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.