9. June 2022 • Knowledge intensive service
eCovery, the provider of digital health products, has closed another financing round. The insurtech funds 1750 ventures. The adesso subsidiary, adesso ventures, and further business angels trust in the startup founded in 2019 and invest a relevant seven-digit amount in the further growth and expansion of the technologies. At the same time, eCovery also completes its offering in the field of prevention during the capital increase: OPT – Online Physiotherapie GmbH becomes part of the company and will operate under the common roof in the future.
The eHealth market in Germany remains on the move. With existing and some new investors, eCovery GmbH is expanding its offering and accelerating the digitalization of physiotherapy applications, initially for German and Austrian markets.
From now on, eCovery GmbH offers certified preventive services in addition to the therapy app for back, hip, and knee pain: OPT – Online Physiotherapie GmbH becomes part of the company and integrates its diverse digital offerings into the eCovery portfolio, including the YouTube channel with over 100,000 subscribers as well as the highly successful digital prevention courses for a pain-free back. The courses are certified by the Zentrale Prüfstelle Prävention (ZPP) and are thus partially or fully reimbursed by statutory health insurers as preventive measures. During the merger, OPT founder Raphael Ibele also moves up to the management team of eCovery.
“We are very happy that we are joining forces and can now cover almost the entire patient journey with OPT,” explains eCovery founder Marcus Rehwald. “This enables us to offer a solution to patients at every stage of life and help people anywhere, anytime.” This also benefits payers, especially insurance companies and health insurers – because they will receive prevention and care services of the highest quality from a single source in the future. In recent months, eCovery has already been able to lay the foundation for this: In addition to the cooperation with Germany’s largest health insurer, Techniker (TK), several other statutory health insurers also decided to work with the Leipzig-based company, most recently AOK PLUS as the market leader in Saxony and Thuringia. The customizable therapy app also caught on with private insurers: Hallesche, Barmenia, and Signal Iduna rely on eCovery for their policyholders. The Leipzig-based company is also leading the way of patient safety: it has now been awarded ISO 13485 certification, making it an audited distributor of medical devices.
The mixture of an innovative StartUp and a reliable corporate partner convinced existing business angels and new investors, above all the Hanover-based 1750 ventures GmbH. Mirco Grützmacher, Managing Director of 1750 ventures, says: “There is immense potential in the field of digitalized healthcare solutions and patient care at home. eCovery has what it takes to be a pioneer in this market.” While 1750 ventures bring an ecosystem in insurance and InsurTech to the investment, adesso ventures (formerly inQventures) GmbH and its parent company adesso SE open access to the IT infrastructure of the healthcare market—and to numerous partnerships in the field of digital health.
eCovery is currently nominated for the final of the “Sächsischer Gründerpreis 2022.” You can find out more about the company, team, and current focus of work at www.ecovery.de.
Leipzig-based eCovery GmbH develops digital health services for the prevention and therapy of musculoskeletal disorders and injuries. As a “physiotherapist for your pocket,” the company enables all patients to perform safe and medically sound therapy exercises at home and accompanies them anytime and anywhere during their recovery and prevention. The offers of eCovery are thus the ideal complement to the classic treatment at the local physiotherapist or also available as a purely digital care solution.
In addition to Dr. Alexander Georgi, the founding team of eCovery GmbH includes the two managing directors, Benedict Rehbein and Marcus Rehwald, online expert Raphael Ibele, and a team of 15 experts on the topics of eHealth and digitalization in the healthcare industry.
The VC of VGH Versicherungen, the largest public insurance company in Lower Saxony, includes 1750 Ventures. The fund invests in startups and InsurTechs that are part of the ecosystems related to insurance and that take on digital-pioneering roles. In doing so, 1750 Ventures provides an interface between its portfolio companies and the VGH Versicherungen ecosystem. Together with its partner FUTUR X, drives innovation across all VGH’s operating units and business lines.
OPT – Online Physiotherapie GmbH (OPT) offers the ideal platform to effectively intervene in the recovery process—completely independent of time and place. Thanks to more than 20 years of experience in physiotherapy, OPT’s team of experts provides well-founded information and rapid support for pain and poor posture. It is one of the most successful providers of digital health information in the German-speaking world. The practical everyday exercises are available free of charge and in course systems, many of which are certified and covered by statutory health insurance. OPT’s free video instructions on YouTube have already been viewed over 13 million times.
Source: Press release eCovery from 09.06.2022
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