Leipzig, June 16, 2022: eCovery, the provider of digital health products, has closed another round of financing. The insurtech fund 1750 ventures, the adesso subsidiary adesso ventures as well as further business angels trust in the start-up 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 in the course of 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 in motion: With the existing and some new investors, eCovery GmbH expands its offer and accelerates the digitalization of physiotherapeutic applications, initially for the German and Austrian market.
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. In the course of 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 Krankenkasse (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 in terms of patient safety: it has now been certified to ISO 13485 and is thus an audited distributor of medical devices.
The mixture of an innovative start-up 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 brings an ecosystem in insurance and InsurTech to the investment, adesso ventures (formerly inQventures) GmbH and its holding company adesso SE open up access to the IT infrastructure of the healthcare market - and to numerous partnerships in the field of digital health.
eCovery has just been nominated for the final of the "Saxon Founder Award 2022". You can find out more about the company, the team and the current focus of work at www.ecovery.de.
Founders of eCovery