Romanian startup Parol, which transcribes doctor-patient conversations in real-time and creates a platform for managing audio and text data, has secured €1.2 million in a seed funding round led by Gapminder VC.
- Founded in 2022 by Claudiu Pândaru, Alex Livadaru, Alex Tepeș, and Valentin Ichim, Parol develops an AI-powered platform that transcribes doctor-patient conversations in real time and automatically generates accurate medical records, ensuring data security and efficient documentation.
- The platform helps doctors save valuable time by reducing the need for manual note-taking and administrative tasks. It generates comprehensive, compliant medical records in English and Romanian, customized to fit each clinician’s speciality and workflow.
- The startup claims that its platform saves 5 minutes per patient, reduces charting time by 30%, and reduces clinician burnout and fatigue by 70%.
Details of the deal
- The seed round was led by Gapminder VC, an Amsterdam-based venture capital firm focused on early-stage B2B AI, deeptech, and SaaS startups in the SEE region. GapMinder typically invests €0.5 million to €5 million in Seed rounds, with follow-on investments up to €12 million to support scaling and international expansion.
"Parol not only reduces the time doctors spend documenting, but it does so efficiently and accurately that convinced us to invest," explains Robert Herscovici, Investment Director at Gapminder Ventures.
- Parol will use the €1.2 million in funding to develop its AI models further, enhancing the accuracy and efficiency of medical transcription and documentation.
