Angels Impact Cancer Diagnostics
Knoxville, TN; April 11th, 2024 – Marble City Angels and Music City Angels, part of the Community Equity Partners network of angel groups and venture funds, have invested in the a Series A round for New Day Diagnostics, LLC , formerly EDP BIoTech, Inc.
New Day is a rapidly growing and expanding diagnostics company that addresses several medical pathways in women’s health and oncology, specifically colorectal cancer. The Company has launched a blood-based colorectal cancer diagnostic and will be soon releasing a major upgrade through its flagship ColoHealth diagnostic. “There is a big problem with false positives in current stool-sample based diagnostics. People don’t like the method of collection and the implication of a false positive is a full-blown colonoscopy. Now they have an alternative with excellent specificity and sensitivity.” said Eric Dobson, the Managing Partner of Community Equity Partners (CEP). According to Dobson, we have been supporting and investing in New Day for the long haul. “We are very bullish on the company and can impact millions of lives in the process,” said Dobson.
Helping a companies like New Day Diagnostics meet its growth aspirations is the reason CEP exists. Innovation has moved off the coasts to the heartland. People work where they want to live—not the other way around. We are witnessing a resurgence of the economically sustainable community and American dream.
ABOUT COMMUNITY EQUITY PARTNERS:
Community Equity Partners (CEP) is a syndicate of angel groups and funds between Knoxville and Nashville with plans to expand to three additional markets in 2024. The Network brings angel investors and entrepreneurs together in an environment that celebrates innovation, rewards strategic risk-taking, and promotes performance. CEP is the combination of two angel networks across the Midwest and Southeast and enjoys a 17-year history and has invested approximately $15M in 57 companies across a variety of market sectors. The portfolio has created hundreds of jobs and over a hundred million dollars in follow-on capital investments by other groups and funds. CEP has an established track record investing in technology companies in the US “Heartland” enjoying seven exits from 2 – 6x in the last four years. To learn more about CEP visit https://www.communityequitypartners.co.