Rehabpulse
The online marketplace providing affordable, accessible rehabilitation solutions - from 24/7 shopping to online insurance claim processing, from a robust virtual showroom to assistive technology professionals on the ground.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
$4.5m | Series B | ||
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Rehabpulse operated as an online marketplace for durable medical equipment (DME), positioning itself to streamline the procurement process for consumers. The company was started on October 18, 2019, and was launched in 2020 by Rowheels, a wheelchair manufacturer, to broaden access to medical equipment. Headquartered in Middleton, Wisconsin, Rehabpulse served the entire United States, providing a direct-to-consumer channel for purchasing items like wheelchairs, mobility scooters, walkers, and other rehabilitation products.
The company's business model focused on disrupting the traditional brick-and-mortar DME distribution network by offering a more affordable and convenient e-commerce platform. Revenue was generated through the sale of these products directly to individuals. A key feature of its platform was the integration of online insurance claims processing, a service aimed at simplifying a historically complex process for patients. This allowed customers to manage their insurance claims from home, which was a significant value proposition, especially for mobility-challenged consumers. The platform brought together patients, medical professionals, DME manufacturers, and insurers. The CEO and President was Gaurav Mishra. By October 2021, the company had secured $4.5 million in a funding round to expand its team and further develop the AI and deep technology supporting its platform and insurance services.
Rehabpulse provided a wide range of DME, including both standard and custom-order equipment. For customized products like wheelchairs, the company launched a virtual showroom where users could book video appointments with specialists to view and configure their equipment before purchase. The company also aimed to establish a network of contracted technicians and therapists to offer in-home services and repairs. Despite its efforts to innovate within the DME sector and raising a total of $10.3 million, PitchBook and the Better Business Bureau reported that the company went out of business as of October 2022.
Keywords: durable medical equipment, DME, online marketplace, medical supplies, rehabilitation equipment, wheelchairs, mobility scooters, walking aids, insurance claims processing, home care, digital health, medical equipment e-commerce, Gaurav Mishra, Rowheels, virtual medical showroom, patient care, assistive technology, mobility solutions, medical devices, healthcare accessibility