Paragate Medical
Implantable Device for outpatient Chronic Heart Failure treatment and elimination of hospitalization
Company Overview
Snapshot
Founded in January 2016 by Nitai Hanani and Dr. Yair Feld, Paragate Medical operates with 11–50 employees. The company has raised a total of $10.64M across 6 funding rounds from 2 investors. In May 2025, Paragate Medical secured a grant from the Israel Innovation Authority, signaling continued support for its innovative medical device development.
Business overview
Paragate Medical is a clinical-stage company developing a disruptive outpatient treatment solution for chronic heart failure patients. Its core technology is an implanted, connected device designed to continuously remove excess fluid and salt, clearing them to the patient’s bladder. This provides personalized, precise decongestion without patient involvement, aiming to reduce recurring hospital admissions. The company targets the significant market of chronic heart failure hospitalizations, particularly in the US, where it seeks to address over 1.2 million annual hospitalizations and associated costs. Paragate Medical operates within the Health Tech & Life Sciences sector, specifically focusing on Medical Devices, Medical Treatment & Therapeutics, Digital Healthcare, and Patient Remote Monitoring.
Strategic signal
In November 2023, Paragate Medical was highlighted in the TCT 2023 Shark Tank Innovation Competition for its disruptive technology in cardiovascular medicine. This recognition underscores the company's potential to significantly impact the treatment landscape for chronic heart failure, validating its innovative approach to reducing hospitalizations and improving patient outcomes.
Log in to access full profile ›Company Intelligence Q&A
- What is Paragate Medical's primary focus?
- Paragate Medical is a clinical-stage company focused on developing an implantable device for outpatient treatment of chronic heart failure, aiming to reduce hospitalizations by providing continuous fluid and salt removal.
- When was Paragate Medical founded and by whom?
- Paragate Medical was founded in January 2016 by Nitai Hanani and Dr. Yair Feld.
- Has Paragate Medical received any recent grants?
- In May 2025, Paragate Medical secured a grant from the Israel Innovation Authority. This followed an August 2023 grant from the European Union’s EIC Fund.
- What was a significant recent recognition for Paragate Medical?
- In November 2023, Paragate Medical's technology was highlighted in the TCT 2023 Shark Tank Innovation Competition, recognizing its disruptive potential in cardiovascular medicine.
- What is the total funding raised by Paragate Medical?
- Paragate Medical has raised a total of $10.64M across 6 funding rounds, with investments from the Israel Innovation Authority and NGT3.