Peer Medical has an enormous mission. After his father died of lung most cancers, serial entrepreneur Ed Spiegel vowed to create a greater approach for lung most cancers sufferers to cope with their illness. The startup has to date raised a $1.2M seed funding spherical for its ground-breaking method and is onboarding sufferers at a charge of knots.
Peer Medical permits lung most cancers sufferers to anonymously share their therapies with one another. This helps survivors discover others like them and see which therapies and procedures work finest. Users can search by biomarker, stage, age, or gender and evaluate verified therapies and journeys of comparable sufferers.
The funding spherical was led by Amsterdam-based ‘Partners in Equity’ (PiE), finest identified for investing seed capital into Adyen the Dutch funds unicorn; and London’s Seedcamp, alongside Angel traders. Peer Medical is now in a position to enroll sufferers’ digital well being information inside a minute. Its advisers embody Dr. David Jablons, Head of Thoracic Oncology at UCSF, and Dr. Geoffrey Ginsburg, Head of Applied Genomics and Precision Medicine at Duke University .
Spiegel’s RentMineOnline was one of many first-ever ‘share financial system’ startups to seem 10 years in the past, and likewise Seedcamp’s first funding, and its first exit.
Indeed, the thought for Peer Medical got here to Spiegel 10 years in the past as the only real care-giver throughout his father’s three-year battle with lung most cancers.
Spiegal instructed me he got here up with the thought after assembly a buddy of his from his faculty who had additionally seen his father cross away from lung most cancers. Comparing notes, Spiegal realized he may have had a lot extra info in the event that they’ve been capable of share therapy info.
“It’s like: ‘God I want I’d have identified that again then!’. It’s simply such a horrible expertise. Unfortunately for me, I lived the expertise, however I may have actually used a kind of ‘digital caregiver’ primarily to assist my Dad by it.”
Participating in on-line boards, Spiegel discovered sufferers prepared to assist however realized the necessity for a centralized, searchable database that contained the data these individuals possessed. There had been over 1.7 million new most cancers circumstances recognized within the US final 12 months alone. The info for the sufferers is usually disorganized, incomplete, or old-fashioned. Medical document portability is rising in adoption and will likely be essential in aiding therapies.
“It’s a bit such as you as a driver utilizing Waze to crowdsource info from different drivers to get to the proper route since you’re studying from all the opposite individuals,” commented Spiegal. “The future is actually digital well being information, though it’s nonetheless sort of like utilizing a bank card in 1999 on-line, it’s coming in an enormous approach. You could have your information, and marvel ‘who else is rather like me?’”
There are already massive gamers making it occur corresponding to Apple Health, and on-line hospital portal progress pushed by corporations like Epic and Cerner.
Peer Medical doesn’t actually have ‘opponents’ within the conventional sense, apart from Facebook assist teams for sufferers, which aren’t nameless and chaotic, and Google searches. PatientsLikeMe, based within the early 2000s, doesn’t leverage the medical information side and bought in 2019 to United Health Care for 2017 after elevating $100M.
Commenting, Reshma Sohoni, co-founder of Seedcamp stated: “Ed was part of Seedcamp’s first cohort of corporations and returned our first profitable exit. We’re thrilled to again Ed and his staff for a second time and convey what we hope will likely be one other profitable enterprise to our portfolio. Unfortunately, I’ve additionally misplaced a father or mother to most cancers and may relate to how necessary a device like this may be to navigate such troublesome instances. We actually like that the affected person retains anonymity however remains to be capable of study from others.”
Carlos Eduardo Espinal, Seedcamp Managing Partner added: “At Seedcamp, that is precisely the kind of group that we wish to put money into. People, on this case, sufferers and caregivers, sure collectively by a typical aim to combat most cancers. We’re thrilled to assist Ed and the Peer Medical staff construct this group that swimming pools verified and anonymized medical information and makes use of them to optimize particular person therapy paths.”
RentMineOnline, which did referrals for flats on Facebook, was efficiently bought to a publicly-traded property administration software program agency, Real Page (NASDAQ: RP).