Tech Company Financing Transactions
Parasol Med Tech Funding Round
Parasol Med Tech closed a $2.8 million Seed funding round on 10/26/2026. Investors included Cardiovascular Innovation Ventures, Harper Court Ventures and UCM Ventures.
Transaction Overview
Company Name
Announced On
10/26/2026
Transaction Type
Venture Equity
Amount
$2,750,000
Round
Seed
Proceeds Purpose
Parasol Med Tech will use the $2.75 million pre-seed funding to advance research and development of its next-generation left atrial appendage closure system, designed to reduce stroke risk in patients with atrial fibrillation (AFib). The company plans to test, refine, and optimize its innovative catheter-and-gel technology, which aims to seal the left atrial appendage while avoiding a permanent metal implant. The funding will support further development and testing as Parasol works to advance the device toward testing in human patients.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
5207 South Harper Avenue 500
Chicago, IL 60615
US
Chicago, IL 60615
US
Phone
Undisclosed
Website
Email Address
Overview
Parasol is developing a personalized solution to left atrial appendage closure to prevent stroke in patients with atrial fibrillation (AFib). Its device uses a combination catheter that deploys a flexible shield, like opening a parasol, plus a gel delivery system. After the gel solidifies the shield is withdrawn, so no metal implant is left behind. It was developed from research at the University of Chicago, and the company says it is tailored to each patient.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Evan Singer
Chief Medical Officer
Atman Shah
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