- Sector : Smart Hardware | MedTech Investment Date : December 2017
- Founders : Jacques Husser, David Crouzier, Michael Foerster C4 Ventures team : Olivier, Michel
- Location : Grenoble, France Website : www.remedee.com
What they do
While one person in five live with chronic pain, anxiety or sleep disorder, the solutions to relieve them are somewhat limited, ranging from analgesic intake to alternative and complementary medicines. Remedee Labs invented a new way using a groundbreaking technology.
The three co-founders developed the first Electronic Endorphines Generator, a simple bracelet which triggers the production of Endorphins through millimetre waves that stimulate the central nervous system. Known as the “well-being” hormones since they inhibit the communication of pain signals, Endorphins are 20 times more effective than morphine. The enabling breakthrough technology is a patented Microelectronic Endorphin Trigger (MEET) module, the first miniaturized millimeter wave-emitting module for medical application. It is smaller that the end of a ballpoint pen (see the picture on the left) and can be integrated into ultra-small wearable devices, making personal healthcare usage of this new pain therapy possible.
Actually, as part of Remedee’s following round of financing, quite a few VC who were testing the device while listening to the investment pitch dozed off! As the pitch is so exciting, that’s a nice proof of the effectiveness of the device!!
The potential for adoption of such a solution is obviously enormous, be it in the context of pain, stress or sleep disorder management.
How we met
Olivier got introduced to Remedee by our friends at the hardware club when he explained that consumerization of healthcare was one of our investment theme. Indeed, we believe that software, data and the miniaturization of electronics will allow new healthcare devices to emerge, directly used the patient rather than the doctors/hospitals.
When Pascal first met Jacques in Paris and – as usual – enquired about his family background, they realized they were from the same region, Alsace, in the East of France. So when Olivier flew down to Grenoble to spend more time with the founding team, Jacques made sure to order Alsacian wine.
C4 Ventures doesn’t usually invest at such an early stage of product development but the quality of the founders and the sheer size of the market potential led us to make an exception!