startup Canopy Care, which has developed a system for managing treatments for cancer completed first round of funding of $ 13 million

The startup Canopy Care, which has developed a system for managing treatments for cancer patients, announced today (Thursday) the completion of a first round of funding of $ 13 million. The round was led by GSR Ventures - a Chinese fund that invests in the early stages, which has invested in start-ups such as Didi ("Chinese Uber"), the shared bike start-up Ofo and the LightInTheBox website. Also participating in the round - the Samsung Next and UpWest screenings.
The capital raised will be used by Canopy to recruit another 40 employees for its development center in Tel Aviv, which currently employs 20 people. Along with the development of the marketing and sales department located in New York, which currently employs 10 people.
Canopy was founded in 2018 under the name ExPain and is managed by Lavi Kabitkowski. The company has developed a system for managing oncology treatment alongside continuous monitoring of the patients being treated. The company's app receives regular information from patients about their condition - such as side effects, pain, reactions to medications. The medical staff for their part can be updated at all times on the condition of their patients, summon them for tests and access their full medical file through the system.
Canopy claims that the system, through "studying" the patients, and analyzing the information in the medical file, detects life-threatening effects and alerts the treating staff to this. "An oncology patient who suffered from a headache, for example, came for an urgent examination and treatment, after our app raised the suspicion of metastatic inventions in the brain," the company says.
Kabitkowski notes that the disease is characterized by high variability among patients: "There are currently about 30,000 protocols of treatment for various cancers. Using our decision support system, the medical staff can within three minutes understand if the patient reporting to him through the app is in an emergency or treatable. On the phone, "he said in a press release.
Canopy's business model is sales to medical centers that provide the system to their patients. The company has completed a pilot with six major U.S. oncology centers: Highlands Oncology Group, Northwest Medical, TCS, the West Michigan Cancer and Mutology Institute and the Los Angeles Cancer Network. The centers treat tens of thousands of cancer patients - and 86 percent of patients At these centers, according to Knopfi, they chose to join the service, with 90% of those joining remaining in the service after six months.