Stanford spin-out OneBreath raises rupees 18 crore ($2.87m) in angel backing for rechargeable ventilators.

OneBreath, a medtech spin-out from Stanford University developing rechargeable ventilators, has raised rupees 18 crore ($2.87m) in angel backing.

The round, which was a mix of both equity investment and grant money, attracted venture firm Ventureast as well as angel investors Rajiv Kuchhal and BVR Mohan Reddy.

The company plans to use the funds to expand into India, Africa, and Eastern Europe, as well as using the cash to gain clearance for its products in Europe and the US. 

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