Peer Medical has a giant mission. After his father died of lung most cancers, serial entrepreneur Ed Spiegel vowed to create a greater manner for lung most cancers sufferers to take care of their illness. The startup has up to now raised a $1.2M seed funding spherical for its ground-breaking strategy and is onboarding sufferers at a price 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 greatest. Customers 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 ‘Companions in Fairness’ (PiE), greatest recognized for investing seed capital into Adyen the Dutch funds unicorn; and London’s Seedcamp, alongside Angel buyers. Peer Medical is now ready to enroll sufferers’ digital well being data inside a minute. Its advisers embrace Dr. David Jablons, Head of Thoracic Oncology at UCSF, and Dr. Geoffrey Ginsburg, Head of Utilized Genomics and Precision Drugs at Duke College .
Spiegel’s RentMineOnline was one of many first-ever ‘share economic system’ startups to look 10 years in the past, and likewise Seedcamp’s first funding, and its first exit.
Certainly, the concept for Peer Medical got here to Spiegel 10 years in the past as the only care-giver throughout his father’s three-year battle with lung most cancers.
Spiegal informed me he got here up with the concept after assembly a buddy of his from his faculty who had additionally seen his father cross away from lung most cancers. Evaluating notes, Spiegal realized he might 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 might have recognized that again then!’. It’s simply such a horrible expertise. Sadly for me, I lived the expertise, however I might have actually used a form of ‘digital caregiver’ basically to assist my Dad by it.”
Collaborating in on-line boards, Spiegel discovered sufferers keen to assist however realized the necessity for a centralized, searchable database that contained the information these individuals possessed. There have been over 1.7 million new most cancers instances identified within the US final yr alone. The knowledge for the sufferers is commonly disorganized, incomplete, or old-fashioned. Medical document portability is rising in adoption and shall be essential in aiding therapies.
“It’s just a little such as you as a driver utilizing Waze to crowdsource info from different drivers to get to the right route since you’re studying from all the opposite individuals,” commented Spiegal. “The longer term is actually digital well being data, though it’s nonetheless sort of like utilizing a bank card in 1999 on-line, it’s coming in a giant manner. You should have your data, and marvel ‘who else is rather like me?’”
There are already huge gamers making it occur comparable to Apple Well being, and on-line hospital portal development pushed by firms like Epic and Cerner.
Peer Medical doesn’t actually have ‘opponents’ within the conventional sense, aside from Fb help teams for sufferers, which aren’t nameless and chaotic, and Google searches. PatientsLikeMe, based within the early 2000s, doesn’t leverage the medical data facet and bought in 2019 to United Well being Look after 2017 after elevating $100M.
Commenting, Reshma Sohoni, co-founder of Seedcamp mentioned: “Ed was part of Seedcamp’s first cohort of firms and returned our first profitable exit. We’re thrilled to again Ed and his crew for a second time and convey what we hope shall be one other profitable enterprise to our portfolio. Sadly, I’ve additionally misplaced a mother or father to most cancers and might relate to how essential a instrument 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 Companion added: “At Seedcamp, that is precisely the kind of neighborhood that we wish to spend money on. Folks, on this case, sufferers and caregivers, sure collectively by a typical objective to battle most cancers. We’re thrilled to assist Ed and the Peer Medical crew construct this neighborhood that swimming pools verified and anonymized medical data and makes use of them to optimize particular person therapy paths.”
RentMineOnline, which did referrals for flats on Fb, was efficiently bought to a publicly-traded property administration software program agency, Actual Web page (NASDAQ: RP).