UD alum’s medtech company closes a $2M deal

Nick Delmonico, founder and CEO of Strados Labs, which makes an innovative respiratory smart system, is based in Philly’s Old City these days. But he started out in Delaware — as an undergrad at University of Delaware and the second-place winner at Hen Hatch 2017 on the alumni/faculty/staff track.

Delmonico recently closed in on nearly $2 million in early-stage venture capital, Technical.ly Philly reports.

The three-year-old healthcare startup, which also has a team in Atlanta and was named a runner-up on the 2019 Philly realLIST, plans to double its five-person team by the end of June with the goal of recruiting more hardware developers who are experienced in medical device technology.