Ventureast invests $3M in Indian medical device startup OneBreath
Indian medical device startup OneBreath has received a $3 million investment from Ventureast Tenet Fund and some angel investors, according to Deal Curry.
The new funding will be used for the OneBreath's expansion into India, Eastern Europe, and Africa. OneBreath will also secure regulatory approvals in Europe and the US, the report detailed.
OneBreath was co-founded by Matthew Callaghan, Bryan Loomas, and Vijay Simha. The Bangalore-based medical device firm develops low-cost and portable mechanical ventilators for intensive care patients, the report stated.
Incubated in Stanford, OneBreath has tied up in Indian hospitals that lack supply for these devices, the report explained.
Ventureast is an Indian venture capital fund manager that manages almost $300 million worth of assets. The company has backed more than 60 businesses in the Technology and Life Sciences sectors. It has also invested in healthcare companies including Portea Medical, Neurosynoptics, Evolva, Mardil Medical, Bioserve, and Richcore, Deal Curry reported.