Exakt Health funding news – Germany-based Exakt Health Secures €2.2 Million in Seed Funding
Sep 23, 2024 | By Team SR
Health tech startup Exakt Health, which offers the first digital sports physiotherapy certified as a medical device in Germany, secures €2.2 million in seed funding.
SUMMARY
- Health tech startup Exakt Health, which offers the first digital sports physiotherapy certified as a medical device in Germany, secures €2.2 million in seed funding.
- For those who have sustained a sporting injury, Exakt Health offers a free app that has been approved by doctors.
Personalized training regimens that take into account a runner's condition and progress are necessary for the effective prevention of running injuries. The products now available on the market have not been sufficient for recreational runners.
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Individual training regimens and one-on-one support for queries and modifications are created by personal running coaches or physiotherapists, who charge a high fee.
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Prepackaged running plans, on the other hand, are static and cannot be modified to meet the true ability and fitness levels of runners. Additionally, they don't account for potential discomfort, harm, illness, over- or under-adaptation, or training pauses, all of which might, in the worst case scenario, result in chronic problems and new injuries.
Exakt Health CEO and co-founder Philip Billaudelle said, “While pre-packaged running plans are often static and inflexible, Exakt Health's new running plans dynamically adapt to each user's individual fitness level, injury risks and progress. The use of AI helps to digitally replicate the coaching of professional trainers, offering all runners – from beginners to pros – an individual and balanced plan. By digitising personal running plans, we are filling a gap in the market, as it is not only cost-effective but also holistic and preventive,".
They can use Exakt Health as a no-cost benefit of their health insurance. Through the partnership, Barmenia is able to provide its policyholders with better service, and Exakt Health gains access to a larger pool of insured individuals. Exakt Health is already working on partnerships with other health insurance providers.
Dr Jan Seidel, Managing Director of Barmenia Next Strategies: “The founding team of Exakt Health convinced us with their many years of experience and the scientifically sound approach of the app. The effectiveness of the physiotherapy app shows us how digital solutions can shape modern, patient-centred healthcare. We are proud to be part of this success story.”
Exakt Health intends to greatly increase its offering with the help of the additional funding: The business will introduce intelligent, in addition to digital programs to cure and prevent running injuries.
In the upcoming weeks, runners may expect AI-powered training programs, which will be a revolutionary development for anyone seeking individualized training that dynamically adjusts to their physical state and rate of advancement. In order to continuously validate the enlarged offering from a medical standpoint, the organization will also carry out comprehensive clinical research.
Exakt Health CEO and co-founder Philip Billaudelle said, "With the launch of our running training plans, we are setting a new standard and aim to grow our user base from 200,000 to over one million in the next 18 months”.
About Exakt Health
For those who have sustained a sporting injury, Exakt Health offers a free app that has been approved by doctors. It provides individualized treatment programs for various ailments; at the moment, it focuses on injuries unique to running.