Wally Health

Industry
Healthcare Technology Systems
Founded Year
2019
Headquarters
New York City, NY, USA
Employee Count
22

Key People

Assessment

Team
Aspect: First-time 10+ yrs
Summary: The founding team comprises individuals with over a decade of experience in their respective fields, including technology and healthcare.

Tyler Burnett has prior experience in media and fintech, while his co-founders bring expertise in technology and healthcare, providing a balanced leadership team.

Clinical Need
Aspect: Strong
Summary: Wally Health addresses the need for accessible and affordable dental care without the complexities of insurance.

By offering unlimited dental cleanings and check-ups for an annual fee, Wally Health simplifies dental care access, appealing to individuals without insurance or those seeking cost-effective options.

Competition
Aspect: Somewhat crowded
Summary: The dental care market has several players, but Wally Health's unique membership model differentiates it.

Traditional dental practices and emerging dental startups create a competitive landscape. However, Wally Health's focus on preventive care and a subscription-based model sets it apart.

Technical Challenge
Aspect: Predictable
Summary: Implementing technology for online bookings and virtual consultations is manageable with current tools.

Utilizing existing technologies for appointment scheduling and virtual care minimizes development challenges, allowing the team to focus on service quality and user experience.

Patent
Aspect: None
Summary: There are no known patents associated with Wally Health's services.

Wally Health's competitive edge lies in its service delivery and pricing model, which do not require patent protection to maintain market position.

Financing
Aspect: Well-funded
Summary: The company has secured significant seed funding from reputable investors.

With $3 million raised in the latest seed round led by Bling Capital, Wally Health is positioned to expand its services and market reach effectively.

Regulatory
Aspect: 510k/PMA
Summary: As a service provider, Wally Health operates within standard healthcare regulations without additional approvals.

The company's services align with existing healthcare standards, and no additional regulatory approvals are necessary for its current offerings.

Opportunity Rollup

Odds of Success
3.55
Peak Market Share
4.6
Segment CAGR
5.0%
Market Segment
Dental Devices
Market Sub Segment
Preventive Dental Care Services
Year Post Launch Market Penetration (%)
1 0.23
2 0.69
3 1.61
4 3.22
5 4.60

Key Takeaway

Wally Health's innovative membership model addresses a significant need for accessible dental care, positioning it well in a growing market despite competitive challenges.