Rewellio

Rewellio

Combining virtual reality and gesture control for stroke rehabilitation.

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DateInvestorsAmountRound
-investor

€0.0

round
*

€800k

Early VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2019202120222023
Revenues0000000000000000
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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Rewellio GmbH, an Austrian health-tech entity founded in 2017, developed a digital therapy platform aimed at the stroke rehabilitation market. The company, which is now listed as out of business, was established by Georg Teufl, who leveraged a dual background in software development and over a decade of experience as a physiotherapist specializing in stroke recovery. This unique combination of expertise informed the company's core mission: to address the widespread need for more accessible and extended therapy for stroke patients.

The firm's primary offering was a software-based rehabilitation system that operated on common consumer electronics like tablets and virtual reality (VR) headsets. This approach was designed to make post-stroke therapy more affordable and convenient, allowing patients to supplement clinical care from home. The platform provided a suite of gamified exercises targeting various common post-stroke conditions, including arm and hand motor function, as well as cognitive and visual impairments. By using VR, the system built upon the principles of mirror therapy, creating an immersive environment to help stimulate the reconnection of affected brain areas. A key feature was its adaptive algorithm; the software would monitor a patient's performance and adjust the difficulty of the exercises to match their progress, aiming to keep them motivated. For therapists, the platform offered a dashboard to track patient progress, including metrics like the number of exercises completed and time spent in therapy, thereby aiding in the documentation of the recovery journey.

Rewellio operated on a B2C model, making its software directly available to patients, and also targeted B2B clients such as clinics and rehabilitation centers. Its business strategy focused on making rehabilitation accessible, noting that even if a patient had to purchase a VR headset, the cost was significantly lower than many specialized medical devices. The company secured approximately $907K (€800K) in a seed funding round in March 2019, with investors including Austria's federal promotional bank (AWS), Austria's research promotion agency (FFG), and several angel investors. At one point, Rewellio had established an office in Los Angeles and was pursuing FDA and CE certifications to penetrate the U.S. and European markets. Despite these efforts, the company has since ceased operations.

Keywords: stroke rehabilitation, virtual reality therapy, neurorehabilitation, digital health, physiotherapy software, telerehabilitation, gamified therapy, motor recovery, cognitive rehabilitation, hand-arm therapy, mirror therapy, health-tech, medical software, patient monitoring, home rehabilitation, adaptive therapy, EMG biofeedback, therapeutic devices, brain injury recovery, mobile health

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