Zurich, 31 March 2022 – The Federation of Migros Cooperatives (FMC) has acquired the Swiss dental start-up bestsmile on 31 March 2022. A producer of invisible dental braces for adults, bestsmile has been extraordinarily successful since its launch in 2018. It currently operates 36 practices across Switzerland. For Migros, the acquisition is an important element in the healthcare strategy that complements its existing range of dental care services. Sparrow Ventures, the venture capital arm of the Migros Group, will run bestsmile on behalf of the FMC. The three founders are stepping down from the business operations and a new management team will be taking over, coming from within the ranks of beststmile. The company plans to maintain its growth trajectory, raise its profile with the launch of a new veneers product and work towards strengthening its market lead.
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Target – Best Smile AG
Buyer – Migros Digital Solutions AG
