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Palarum
London, US · Founded 2014 · Ohio LLC
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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 BakerFounder & CEOPatrick Baker is founder and CEO of Palarum, which develops eTextile wearable socks that detect fall risks in hospitalized patients and alert nursing staff. He has 25 years of military service in the U.S. Air Force and Ohio Air National Guard, plus prior healthcare executive experience.
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.
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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.