Parasol Med Tech discloses $2.365M sold for gel-based heart device

Parasol Med Tech has sold 94.6% of its $2.5M offering target for a patient-specific gel seal competing with Watchman and Amulet.

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Primary source: U.S. Securities and Exchange Commission

Why it matters

Parasol is turning a practicing cardiologist's procedural experience into a personalized implant, with enough capital to pursue prototype and preclinical proof points.

A gloved hand holds a translucent, gel-based heart implant in a sterile medical lab, with the Parasol Med Tech, Inc. logo subtly displayed in the background.

Dr. Atman Shah's Parasol Med Tech has sold $2.365 million of a planned $2.5 million equity offering, according to a Form D filed with the SEC on September 10th. The filing lists 29 investors and $135,000 remaining in the round.…

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