Singapore’s health tech company Rebee Health raises investment from 1337 Ventures

Malaysian venture capital firm 1337 Ventures has invested in Singapore-based health tech company Rebee Health in order to expand its digital physiotherapy solutions.

In a statement released on Wednesday, 1337 Ventures stated that it has furthered its commitment to funding disruptive technology in healthcare by investing in Rebee Health through its 1337 Capital 1, acknowledging the company’s potential to transform rehabilitation.

Rebee Health hopes to strengthen data insights for remote decision-making to improve patient outcomes and lower costs, develop artificial intelligence (AI)-driven rehabilitation to improve patient engagement and recovery, and bring its wearable rehabilitation solutions to more hospitals, clinics, and direct consumers with this funding.

“We are thrilled to receive this investment from 1337 Ventures, which will accelerate our ability to scale our technology while strengthening our collaborations with healthcare providers,

“We are also developing our AI-driven rehabilitation system to automate patient monitoring,” said Rebee Health’s Founder Lincoln Dacy.

“While we leverage automation and technology, our core focus remains on ensuring that our solutions are highly patient-centric, delivering intuitive and effective rehabilitation experiences,” he added.

The mission of Rebee Health is to enhance patient recovery outcomes while tackling the issues posed by an aging population.

The company’s cutting-edge technology aims to enable patients to recover more quickly and safely while assisting medical professionals in providing better care.

As the world’s population ages, there will likely be a significant rise in the need for physical rehabilitation.

Long-term care for chronic illnesses, post-operative recuperation, and injury rehabilitation will be needed by more people.

Nevertheless, the rehabilitation ecosystem is still very costly and complicated, frequently requiring frequent in-person therapy sessions that burden patients, caregivers, and medical professionals.

In order to overcome this obstacle, Rebee Health is utilizing wearable sensor technology to transform the rehabilitation process.

Real-time, remote physiotherapy sessions are made possible by its physiotherapy system, which increases accessibility, cost effectiveness, and data-driven rehabilitation.

The wearable sensor at the heart of Rebee’s solution gathers biomechanical data from patients as they exercise.

The patient application receives this data and uses it to track progress and provide real-time insights on when and how to perform exercises correctly.

Healthcare professionals can simultaneously monitor patients remotely through the therapist web portal, facilitating real-time decision-making and cutting down on needless in-person visits.

Significant cost savings for healthcare institutions could result from the large-scale implementation of Rebee’s system in Singapore.

The startup has made it possible for more than 15,000 physiotherapy sessions to be conducted remotely, and by freeing up hospital resources, its system could save day rehabilitation centers an estimated $86 million annually.

Additionally, it could reduce in-person physiotherapy sessions and shorten hospital wait times, potentially saving acute hospitals over $100 million annually.

“As the demand for rehabilitation grows, innovative solutions like Rebee Health’s wearable technology are critical to improving patient outcomes while reducing strain on healthcare systems,

“We see Rebee as a game-changer in digital physiotherapy, making recovery more accessible, efficient, and scalable,” said Bikesh Lakhmichand, Chief Executive Officer and Founding Partner of 1337 Ventures.

Pre-seed and seed-stage investments in Malaysia and Southeast Asia are the primary focus of 1337 Ventures, an early-stage venture capital firm.

Industry heavyweights like Suresh Thiru, the former CEO of JobStreet, and prosperous startup founders support the sector-neutral seed-stage fund 1337 Capital 1.

The fund, which was created by entrepreneurs for entrepreneurs, accelerates the next wave of disruptive innovation by giving early-stage startups financial support, strategic advice, and mentorship.