Capital Pulse | iBIO https://ibio.org To promote, connect and engage the life sciences community Wed, 18 Dec 2024 15:23:14 +0000 en-US hourly 1 https://ibio.org/wp-content/uploads/cropped-android-chrome-512x512-32x32.png Capital Pulse | iBIO https://ibio.org 32 32 Capital Pulse: Flow Medical Secures $5M Seed Round, Including First-Ever UCM Ventures Investment https://ibio.org/capital-pulse-flow-medical-secures-5m-seed-round-including-first-ever-ucm-ventures-investment/ Wed, 18 Dec 2024 15:23:14 +0000 https://ibio.org/?p=10604 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.​​​​​​​​​​​​​​​​

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