# Canvas Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canvas-medical

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.canvasmedical.com
- Total disclosed funding: $41M
- Latest round: Series B (Jul 14, 2022)
- Investors on record: 7

## About

Based in California, US, and founded in 2015, Canvas Medical, Inc. operates as a software development company offering a platform for patient record management. In July 2022, the firm raised USD 24 million in series B funding led by investor M13, with participation from other investors Haystack Ventures, IA Ventures, Inspired Capital Partners, Irongrey, and Upfront Ventures. The firm as of July 2022, is led by its founder and CEO, Andrew Hines.

The company offers an EMR (Electronic Medical Records) system with built-in payments and insurance reimbursements. The company primarily assists numerous care delivery organizations, including those who specialize in virtual-first care, complex care delivery, home and mobile care, aggregators, physician enablement, and payer-provider collaboration. These businesses can introduce new patient experiences and business models through the company's platform. Canvas Medical's platform provides fully integrated digital patient experiences, care models, payment arrangements, and operational tools, catering to the needs of both clinicians and software developers. The other products offered by Canvas Medical are an end-to-end order-entry tool that enables writing, sending, tracking, receiving, and reviewing of orders, data exchange, invoice generation and ledger management, data analytics, collaboration through Canvas Chat, an in-medical record instant messaging app for communication, and scheduling platform to manage supply and demand of digital care. Additionally, Canvas prioritizes industry standard schemas, such as FHIR (Fast Healthcare Interoperability Resources), and provides documentation, APIs, and SDKs to facilitate development and integration.

The company plans to utilize its July 2022 funding to add new features and capabilities to its product including security and governance.

## Funding rounds

- Series B, Jul 14, 2022, $24M — Upfront, IA Ventures, Haystack, M13, Inspired Capital, IRONGREY
- Series A, Apr 8, 2021, $17M — Upfront, IA Ventures, iSeed Ventures, Inspired Capital, IRONGREY
- Seed, May 16, 2016 — iSeed Ventures

## Investors

- iSeed Ventures (https://capitalatlas.ai/funds/iseed-ventures) — Seed, Series A
- Upfront (https://capitalatlas.ai/funds/upfront) — Series A, Series B
- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Series A, Series B
- Inspired Capital (https://capitalatlas.ai/funds/inspired-capital) — Series A, Series B
- IRONGREY (https://capitalatlas.ai/funds/irongrey) — Series A, Series B
- Haystack (https://capitalatlas.ai/funds/haystack) — Series B
- M13 (https://capitalatlas.ai/funds/m13) — Series B