Flow Medical
Chicago-based Flow Medical Solutions, Inc. is a pre-revenue medical device startup developing a single steerable, all-in-one angiography, infusion, and monitoring catheter with real-time clot-resolution feedback for catheter-directed thrombolysis in acute pulmonary embolism, targeting US interventional radiologists and cardiologists; FDA submission is planned for early 2025.
- Company typePrivate
- Founded2020
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Flow Medical does
Flow Medical Solutions, Inc. is a Chicago-based, privately held medical device startup founded in 2020 and spun out of the University of Chicago. The company is developing a single-product, steerable, all-in-one catheter designed for catheter-directed thrombolysis (CDT) in acute pulmonary embolism (PE), integrating angiography, infusion, and real-time monitoring in one instrument. An integrated real-time feedback mechanism is intended to let physicians track clot resolution during the procedure and personalize lytic dosing, with the stated goal of reducing bleeding complications, long-term pulmonary hypertension, and the 10.9% 30-day / 22.3% 180-day CDT readmission rates cited in company materials. The device targets an annual US procedural population of approximately 280,000 PE cases that are candidates for CDT, drawn from an underlying US PE incidence of ~900,000 cases per year that cause 100,000 deaths and $10 billion in annual healthcare costs.
The company is pre-revenue and pre-commercial, with an FDA submission for the multi-function catheter scheduled for early 2025. Its planned go-to-market is direct enterprise sales to US hospital systems and academic medical centers — specifically interventional radiology and cardiology departments performing CDT — supplemented by distribution partnerships to be established post-clearance; no device pricing, unit volumes, distribution partners, or customer contracts have been disclosed. Revenue, when it materializes, is expected to come from one-time hardware sales of the single-use catheter to hospital procurement. The company is led by CEO and Co-Founder Jennifer Fried (former co-founder/CEO of Explorer Surgical, sold to GHX in 2021; ex-Bain consultant and medtech VC), Co-Founder and CSO Dr. Jonathan Paul (interventional cardiologist, UChicago Medical Center), and Co-Founder and CMO Dr. Osman Ahmed (interventional radiologist, UChicago Medical Center). To date, Flow Medical has raised approximately $5 million in disclosed seed capital (including a prior $2M friends-and-family round), plus non-dilutive NIH funding and a 2022 George Shultz Innovation Fund grant, with investors including UCM Ventures, Harvard Business School Angels of Chicago, Harper Court Ventures Fund I, and an unnamed device manufacturer.
Flow Medical firmographics
Firmographics- Name
- Flow Medical
- Legal name
- Flow Medical Solutions, Inc.
- Website
- https://flowmedical.co
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Chicago-based Flow Medical Solutions, Inc. is a pre-revenue medical device startup developing a single steerable, all-in-one angiography, infusion, and monitoring catheter with real-time clot-resolution feedback for catheter-directed thrombolysis in acute pulmonary embolism, targeting US interventional radiologists and cardiologists; FDA submission is planned for early 2025.
- Ownership category
- akta.pro rank
Flow Medical industry classification
Industry- Product category
- Interventional Pulmonary Embolism Devices
- NAICS
- Measuring, Dispensing, and Other Pumping Equipment Manufacturing (333914)
- SIC
- Surgical & Medical Instruments & Apparatus (3841)
- akta.pro primary industry
- Infusion Sets, Catheters & Pump Consumables (HLAHAIAH)
Keywords
Where Flow Medical is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Flow Medical business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Future hardware/device sales (pre-revenue): Flow Medical is pre-revenue and pre-commercial. Future revenue is expected from one-time sales of its single-use, multi-function catheter to hospitals and interventional radiology/cardiology departments once the device receives FDA clearance. No pricing or commercial sales mechanism has been disclosed.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Flow Medical product offering
Product offeringCore offering
Flow Medical is developing a single, steerable, all-in-one multi-function catheter that combines angiography, infusion, and real-time monitoring for catheter-directed thrombolysis (CDT) in patients with acute pulmonary embolism (PE). The catheter features an integrated real-time feedback mechanism that lets physicians track clot resolution in real time and personalize lytic dosing to know precisely when to stop medication, with the goal of reducing bleeding complications and readmissions.
Product overview
Flow Medical is a single-product medical device company developing one unified offering: the Flow thrombolysis catheter — a steerable, all-in-one angiography, infusion, and monitoring catheter purpose-built to create the new standard of care for interventional pulmonary embolism (PE) and venous thromboembolic (VTE) treatment. The catheter integrates diagnostic imaging, therapeutic infusion, and continuous monitoring in one device, replacing the multi-inventory workflow of conventional CDT and adding a real-time feedback mechanism that generates a new source of data to fuel future innovations. The product is in pre-FDA-submission development (FDA submission scheduled for early 2025), supported by NIH non-dilutive funding and spun out of the University of Chicago with assistance from the Polsky Center for Entrepreneurship.
Differentiator
Problem solved
Functional benefit
Products and services
- Flow Thrombolysis Catheter A steerable, all-in-one multi-function catheter that integrates angiography, infusion, and real-time monitoring in a single device to streamline catheter-directed thrombolysis for acute pulmonary embolism. It includes an integrated real-time feedback mechanism that lets physicians track clot resolution and personalize lytic dosing, intended for use by interventional radiologists and interventional cardiologists at hospitals and academic medical centers.
Quantifiable outcome
- ~280,000 annual US PE cases are candidates for catheter-directed thrombolysis, the device's addressable procedural population.
- +2 more outcomes
Companies that use Flow Medical
Customer profileSegments3 records
Ideal customer profiles1 record
Flow Medical technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Flow Medical partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Polsky Center for Entrepreneurship (University of Chicago)coreThe Polsky Center for Entrepreneurship supported the development and spin-out of Flow Medical from the University of Chicago alongside non-dilutive NIH funding; founders are all UChicago faculty members.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Flow Medical competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Flow Medical social profiles
Digital presenceFlow Medical financial estimates
Financial estimateRevenue estimate
Valuation estimate
Flow Medical leadership team
Management profileNumber of profiles
Profiles3 records
Flow Medical funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Flow Medical M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Flow Medical
What does Flow Medical do?
Flow Medical is developing a single, steerable, all-in-one multi-function catheter that combines angiography, infusion, and real-time monitoring for catheter-directed thrombolysis (CDT) in patients with acute pulmonary embolism (PE). The catheter features an integrated real-time feedback mechanism that lets physicians track clot resolution in real time and personalize lytic dosing to know precisely when to stop medication, with the goal of reducing bleeding complications and readmissions.
Is Flow Medical a public or private company?
Flow Medical is a private company. It is classified as venture growth investor backed and is currently operating.
When was Flow Medical founded?
Flow Medical was founded in 2020. It employs 1 to 10 people.
Where is Flow Medical based?
Flow Medical is headquartered in Chicago, United States, in the North America region.
How does Flow Medical make money?
One revenue line is on record: future hardware/device sales (pre-revenue).
Does Flow Medical have an API?
No public API is recorded for Flow Medical.
What industry is Flow Medical in?
Flow Medical's product category is Interventional Pulmonary Embolism Devices. Its primary akta.pro industry code is HLAHAIAH, Infusion Sets, Catheters & Pump Consumables. Its NAICS code is 333914 and its SIC code is 3841.