Altss Research / Venture case 31
SmileDirectClub
SmileDirectClub announced a wind-down of its global operations in December 2023 after it failed to secure capital for a recapitalization.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$3.2bnThe company and lead investor disclosed a $3.2 billion valuation alongside completion of a $380 million equity private placement.
Wind-down
No sale priceGlobal operational wind-down announced. The company announced it had initiated a swift wind-down of global operations after attempts to recapitalize failed. The announcement is the event recorded here.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Institutional private placement completed
The financing was led by Clayton, Dubilier & Rice, with participation from Kleiner Perkins and Spark Capital.
Operational wind-down initiated
The company said it had been unable to find a partner willing to provide the capital needed for its proposed recapitalization.
Source documents
Publication and access dates identify the evidence used for this case.
Clayton, Dubilier & Rice / company release · Primary source · Published Oct 10, 2018 · Accessed Oct 26, 2026
SmileDirectClub / PR Newswire · Primary source · Published Dec 8, 2023 · Accessed Oct 26, 2026
Logo: SmileDirectClub logo source, Smile Direct Club · Public domain / PD-textlogo (source classification). Wikimedia-generated scaled preview; no local edits.
