Venture Insights #8: Reflex Health
The Pitch 💡
“Get back on the field, faster.
Our unique augmented reality and AI powered rehab exercises will help you return to action faster.” - Reflex Health
Founding Team 👥
Ramesh Haridas: Prev. Founder @ Parakweet (sold to Google), Founder @ Chintano (sold to Datran Media which has now been acquired by PulsePoint), Founder @ PrivacyBank.com (sold to InfoSpace which has now been acquired by Blucora), Specialist @ Mckinsey and Angel investor with 12 exits.
Filip Ljubicic: Prev. Co-founder @ RefME (acq. by Chegg) and Angel investor in Monzo.
The Sparks ✨
Tackling rehab process one phone at a time.
Illustration by pch.vector In the United Kingdom, MSK-related appointments account for 30% of all GP appointments, costing the NHS at least £5 billion a year. Curbing such a need to treat painkillers or the amount of MSK treatments is also not only a massively desirable payoff for patients, but it also takes up enormous resources for health care institutions to use elsewhere.
Excellent founders/team background, with previous experience in building sport and AI-based platforms.
Ramesh’s most recent company, Parakweet, which was sold to Google was an NLP platform on top of which it built several products; an AI-powered email assistant and a tool for book recommendations. While Filip’s RefME (sold to Chegg) was a book-barcode scanning app that accelerates the task of creating, formatting and managing citations of the academic source material which saw an average of 10,000 new added users per day.
On top of that, Filip has participated in sport since a young age and represented Great Britain in rowing. In fact, his previous startup, Ludum, was used by Olympic athletes and coaches to help them organize and enhance their training.
Besides, they have also managed to gather the best physiotherapists who have previously worked with British Athletics, All Blacks, British Rowing and England Rugby.
Solving the supply-side issue in the healthcare sector.
Although emerging markets and technology have driven down the price of many products in recent decades, healthcare has remained intractable. Worryingly, the duration and quality of life we get with these high prices are decreasing.
As technological development progress rapidly, it makes us easier to book an appointment through an app. However, the challenge today is not about shortage for the way in to these practitioners, but rather their availability.
