UD alum's medtech company closes a $2M deal - Technical.ly Delaware

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May 31, 2019 2:08 pm

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

Nick Delmonico's Philly-based Strados Labs is launching its non-invasive respiratory smart system on a global scale in the first quarter of 2020.

Strados Labs CEO Nick Delmonico at HAX Demo Day in Shenzhen, China.

(Courtesy photo)

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.

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