LightForce Orthodontics, a maker of customized 3D printed dental braces, is planning an initial public offering in the US in one to two years, according to Gene Fetisov, CFO.

Burlington, Massachusetts-based LightForce, which is backed by large venture investors, could list on NASDAQ or the NYSE, said Fetinsov in an interview. “It depends on who gives us the best terms,” he said.

LightForce is expected to generate some USD 35m in 2023 sales, a 70% gain over 2022, the CFO said. The company, which began commercial operations in 2020, has treated over 65,000 patients, said Fetisov.

LightForce has developed imaging software to “map” teeth to formulate a custom plan for braces and fabricate custom 3D printed tooth brackets made from ceramic polycrystalline alumina and a wire system.

The company maintains that the system allows for better and faster teeth straightening than conventional off-the-shelf orthodontic braces, which are more widely used. The US Food and Drug Administration approved the LightForce system in 2019, it said.

The company in August said it raised USD 80m in a Series D funding round led by Ally Bridge Group with participation from Transformation Capital, CareCapital, Omega Venture Partners, Matter Venture Partners, and the American Association of Orthodontics. That added to a previous USD 50m round in November 2021 led by Kleiner Perkins, it said.

The CFO said the company is not planning on additional capital raises, such as a crossover round, prior to an IPO. “I don’t think we will do another round,” he said.

The company is reaching out to investors to generate more interest in the company and its growth prospects for the potential IPO, he said.