Pulmonary embolism startup Flow Medical raises $2M in friends-and-family round

Flow Medical co-founders (from left) Dr. Jonathan Paul, Jennifer Fried and Dr. Osman Ahmed [Photo courtesy of Flow Medical]Flow Medical announced today that it has raised $2 million in a friends-and-family funding round.

Chicago-based Flow Medical is developing a new thrombolysis catheter for treating acute pulmonary embolism (PE). The startup said it will use the funding for R&D and regulatory activities.

Flow Medical is led by co-founder and CEO Jennifer Fried, the co-founder and former CEO of Explorer Surgical. Her co-founders are venous thromboembolism physicians Dr. Jonathan Paul and Dr. Osman Ahmed at The University of Chicago Medical Center.

“This investment not only validates the potential of this groundbreaking technology but also propels us towards our goal of revolutionizing the treatment landscape for PE,” Fried said in a news release. “We are grateful for the confidence our friends and family investors have placed in our t…

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