Restocq is an online ordering solution that provides dental and medical practices with access to all procurement suppliers in a single platform. Practices can not only search, compare and order all their products through the platform, but can also manage spend, track orders and have access to real-time procurement data on any device.
The company was established on the belief that modern day practice demands better ways to engage with suppliers and make digital ordering a streamlined process. With deep industry and third party integrations, Restocq aims to drive efficiency, profits and better consumer experiences on both sides of the marketplace.
Why work with us
- Created by dentists who own a multi-practice group and who have experienced first hand the challenges for the procurement of dental materials for a practice.
- CEO was a VP of the largest dental, medical and veterinary distributor globally and built a network of suppliers, practices and strategic channel partners across Aus and New, China, Japan, North American, South East Asia and the UK.
- The Leadership Team has proven execution success in other businesses and raised seed funding of $1.5m.
- Our technology is already well utilised with monthly orders nearing a $1m per month and growing around 11% MOM. All major dental suppliers accept orders. The risk of tech build has well passed and the growth phase.
- We are cash flow neutral with over 3000 users in Australia alone.
- Revenue drivers are SaaS subscriptions, Supplier clips, Payment Gateway with clip per invoice paid, Data.
- The TAM, SAM and SOM is material at $5.15b, $1,25b and $94m respectively.
- The tech roadmap with predictive ordering, AI integration has been scoped out with a team in place to develop.
- Government grants are accessible with success for the R&D Grant ($420k) secured. A substantial $2m grant, known as Innovation Growth Program, offers a matching $1 for $1 contribution. Restocq is in the final stage of the assessment with the application already through 2 of 3 major milestones.
