Morecognition
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | - | <1m | <1m | <1m | <1m | <1m | <1m |
% growth | - | - | 493567 % | (78 %) | 87 % | (33 %) | - |
EBITDA | <1m | <1m | <1m | <1m | <1m | <1m | - |
% EBITDA margin | - | 36867 % | 81 % | 15 % | 46 % | 32 % | - |
Profit | <1m | <1m | <1m | (<1m) | <1m | <1m | - |
% profit margin | - | 9750 % | 54 % | (5 %) | 29 % | 1 % | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | €50.0k | Seed | |
€50.0k | Grant | ||
Total Funding | €100k |
Recent News about Morecognition
EditMoreCognition is a healthcare technology startup focused on enhancing rehabilitation for post-stroke patients. The company has developed a platform called Remo, which allows physiotherapists to continuously monitor their patients' exercises, track their progress, and provide motivation. This platform is particularly beneficial for patients who need to regain the use of their hands and prefer to do their rehabilitation exercises at home.
MoreCognition primarily serves two types of clients: individual patients recovering from strokes and healthcare professionals, including physiotherapists and health facilities. The company operates in the digital health and rehabilitation market, which is growing rapidly due to the increasing demand for remote healthcare solutions.
The business model of MoreCognition involves offering its Remo platform as a subscription service. Physiotherapists and health facilities can subscribe to the platform to provide their patients with continuous monitoring and personalized rehabilitation plans. This subscription model ensures a steady stream of recurring revenue for the company.
MoreCognition makes money by charging healthcare professionals and facilities a fee for using its platform. This fee is justified by the value the platform provides, including improved patient outcomes, increased patient engagement, and enhanced compliance with therapy regimens. Additionally, the platform's ability to remind patients when and how to do their exercises helps in maintaining a high level of patient engagement, which is crucial for successful rehabilitation.
In summary, MoreCognition is revolutionizing post-stroke rehabilitation by offering a digital platform that enables continuous patient monitoring and personalized therapy plans. This not only helps patients recover more effectively but also supports physiotherapists in delivering better care.
Keywords: healthcare, technology, rehabilitation, post-stroke, physiotherapy, remote monitoring, patient engagement, digital health, subscription service, recovery.