Palarum
London, US · Founded 2014 · Ohio LLC
Palarum makes PUP SmartSocks, eTextile and IoT-based wearable socks that detect when a fall-risk patient is out of bed or attempting to walk unassisted and send real-time alerts to nearby nurses. The product is aimed at hospitals and care settings to help prevent patient falls and support rehabilitation therapy.
Founders & leadership
Palarum was founded in 2014 by Patrick Baker.
PB
Patrick BakerinFounder
CD
Chris David HarsdorffNamed on SEC filing
GA
Gregg AlexanderNamed on SEC filing
JF
Josh FogleNamed on SEC filing
CB
Chris BakerNamed on SEC filing
Reported raises · per SEC filings
Form D private placements$10.2M disclosed across 5 rounds · 2016–2022
▶$3.7MraisedJan 2023 · 6 investors · Other Health CareRule 506(b)
▶$3.7MraisedJan 2023 · 6 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Chris BakerExecutive Officer, Director
- Patrick BakerExecutive Officer, Director
- Robert IezziDirector
- Michael GilkisonDirector
- Richard AldersonDirector
- Offering amount
- $7M
- Amount sold
- $3.7M
- Minimum investment
- $50K
- First sale
- Dec 2022
- Incorporated
- Limited Liability Company, Ohio
- Federal exemptions
- 04, 06b
▶$3.8MraisedAug 2021 · 25 investors · Other Health CareRule 506(b)
▶$3.8MraisedAug 2021 · 25 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Patrick BakerExecutive Officer, Director
- Robert IezziDirector
- Chris BakerExecutive Officer, Director
- Richard AldersonDirector
- Michael GilkisonDirector
- Offering amount
- $4.9M
- Amount sold
- $3.8M
- Minimum investment
- $50K
- First sale
- Jul 2021
- Incorporated
- Limited Liability Company, Ohio
- Federal exemptions
- 04, 06b
▶$1.9MraisedFeb 2021 · 24 investors · Other Health CareRule 506(b)
▶$1.9MraisedFeb 2021 · 24 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Patrick BakerExecutive Officer, Director
- Richard AldersonDirector
- Michael GilkisonDirector
- Chris BakerExecutive Officer, Director
- Robert IezziDirector
- Offering amount
- $3M
- Amount sold
- $1.9M
- Minimum investment
- $50K
- First sale
- Feb 2021
- Incorporated
- Limited Liability Company, Ohio
- Federal exemptions
- 04, 06b
▶$700KraisedMay 2018 · 11 investors · Other Health CareRule 506(b)
▶$700KraisedMay 2018 · 11 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Chris David HarsdorffExecutive Officer, Director
- Robert IezziDirector
- Patrick BakerExecutive Officer, Director
- Marc RoderickExecutive Officer
- Chris BakerExecutive Officer, Director
- Richard AldersonDirector
- Offering amount
- $5M
- Amount sold
- $700K
- Minimum investment
- $50K
- First sale
- May 2018
- Incorporated
- Limited Liability Company, Ohio, 2014
- Federal exemptions
- 04, 06b
▶$100KraisedNov 2016 · 1 investors · Other Health CareRule 506(b)
▶$100KraisedNov 2016 · 1 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Patrick BakerExecutive Officer, Director, Promoter
- Chris David HarsdorffExecutive Officer, Director, Promoter
- Marc RoderickPromoter
- Gregg AlexanderExecutive Officer, Director, Promoter
- Josh FogleExecutive Officer, Director, Promoter
- Chris BakerExecutive Officer, Director, Promoter
- Offering amount
- $3.4M
- Amount sold
- $100K
- Minimum investment
- $10K
- Proceeds to insiders
- $30K
- First sale
- Nov 2016
- Incorporated
- Limited Liability Company, Ohio, 2014
- Federal exemptions
- 05, 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 7
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CipherHealth7 shared keywordsCipherHealth provides a care coordination platform for health systems that connects nurse rounding, patient outreach, and post-discharge follow-up, using 15+ years of patient interaction data layered with AI. It serves hospitals and health systems across acute, ambulatory, home, and virtual care settings.
Getwellnetwork Inc6 shared keywordsGet Well provides patient and family engagement technology for healthcare providers, now combined with RhythmX AI to bring AI capabilities to its offerings. The company operates in the digital health and patient engagement space.
Read the Press Release6 shared keywordsStryker is a medical technology company that develops and manufactures products across areas such as orthopaedics, surgical equipment, neurotechnology, and spine care for hospitals and healthcare providers. It operates globally across the Americas, Europe, Asia-Pacific, and the Middle East.
AVIA6 shared keywordsAVIA operates a network and advisory platform for health systems, providing benchmarking, market intelligence, and peer collaboration to support their digital transformation and AI adoption. It serves hospitals and health systems and includes offerings like AVIA Marketplace and Panda Health for evaluating digital health companies.
Riskonnect5 shared keywordsRiskonnect provides integrated risk management software and consulting services for enterprises across healthcare, financial services, and other industries, covering areas such as claims management, compliance, business continuity, and ESG reporting.
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In the news
Frequently asked questions
- What does Palarum do?
- Palarum makes PUP SmartSocks, eTextile and IoT-based wearable socks that detect when a fall-risk patient is out of bed or attempting to walk unassisted and send real-time alerts to nearby nurses. The product is aimed at hospitals and care settings to help prevent patient falls and support rehabilitation therapy.
- Who founded Palarum?
- Palarum was founded by Patrick Baker in 2014.
- How much funding has Palarum raised?
- Palarum has disclosed $10.2M raised across 5 rounds.
- Where is Palarum headquartered?
- Palarum is headquartered in London, US.