Capital Pulse: Flow Medical Secures $5M Seed Round, Including First-Ever UCM Ventures Investment

Capital Pulse: Flow Medical Secures $5M Seed Round, Including First-Ever UCM Ventures Investment

by John Conrad| Dec 18, 2024| Capital Pulse

Flow Medical, a startup spun out of UChicago Medicine, has secured $5 million in seed funding, with UCM Ventures making its inaugural investment in the company. The startup, founded by three University of Chicago faculty members, is developing a specialized catheter for treating acute pulmonary embolisms. The funding round includes $2 million from a previous friends-and-family round and $3 million in additional investment, with UCM Ventures being a major contributor. The company plans to use the funds to advance their device through FDA application and initial human clinical trials.

Read the full article by Jon Asplund on Crain's Chicago Business.​​​​​​​​​​​​​​​​