Stelect
Company

Last deal

$280.K

Amount

Equity Crowdfunding

Stage

05.04.2019

Date

3

all rounds

$919.2K

Total amount

General

About Company
Stelect is a Melbourne-based medical device company developing a novel cardiac imaging catheter.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2017

Number of employees

Company Type

For Profit

Last funding type

Equity Crowdfunding

IPO status

Private

Description

The company's catheter is designed to improve patient outcomes and clinical workflows by providing a more accurate method for stent selection. The traditional method of stent sizing relies on "eyeball" estimations, which have an inaccuracy rate of over 70%. This results in poor health outcomes, including restenosis and thrombosis, and increased healthcare expenditure. Stelect's sensor technology aims to aid clinicians in making more informed decisions by designing and licensing the smallest, high-resolution ultrasound medical imaging sensor. The company has won multiple awards for its innovative approach to improving health outcomes and lowering overall costs.