Funding round
Parol Seed
Parol, which works in AI-Powered medical documentation solutions in Bucharest, raised $1.3M in a Seed round announced on 13 Dec 2024, led by GapMinder. 1 firm took part.
$1.3M
Amount raised
1,200,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Parol did not disclose a valuation in this round. It is Parol's first venture round on record, 2 years after it was founded in 2022. No later venture round is on record for Parol.
Parol's funding rounds
This is the only venture round on record for Parol.
- Seed this round 13 Dec 2024, led by GapMinder $1.3M
Investors
Who put money in
GapMinder led the round.
Lead investor
- GapMinder backs 21 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,524 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $4.0M, and this round was 32% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Dec 2024 | $27M | not disclosed | Index Ventures |
| Tech Companies | 4 Dec 2024 | $13M | not disclosed | Gradient |
| Tech Companies | 12 Dec 2024 | $12M | not disclosed | not named |
| Tech Companies | 11 Dec 2024 | $11M | not disclosed | Norrsken VC |
| Tech Companies | 19 Dec 2024 | $10M | not disclosed | Nyca Partners |
| Tech Companies | 19 Dec 2024 | $10M | not disclosed | I2BF Global Ventures and K5 Global |
| Tech Companies | 17 Dec 2024 | $8.9M | not disclosed | Eurazeo |
| Tech Companies | 9 Dec 2024 | $7.0M | not disclosed | Cheyenne Ventures |
Questions
Frequently asked
How much did Parol raise in its Seed round?
Parol raised $1.3M in its Seed round, announced in Dec 2024.
Who led Parol's Seed round?
GapMinder led it.
What was Parol's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,524 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $4.0M, and this round was 32% of the median.