Angels Impact Smoking Cessation
Eric Dobson, Founder, Community Equity Partners
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 Pneuma Respiratory, Inc.
Pneuma is a med-tech and pharmaceutical company focused on the advancement of inhaled respiratory therapeutics. Pneuma brings new approaches and innovations to respiratory health that will significantly improve the existing standard-of-care and produce a positive impact on the health and well-being of the global community. Pneuma is focused on the illnesses and chronic health problems that come from smoking and smoking-related illnesses. The Company’s treatments under development target smoking cessation, chronic obstructive pulmonary disease (COPD), non-small cell lung cancer (NSCLC), and reduced-risk nicotine (exclusively licensed to global consumer products company).
“Traditional inhalers are inaccurate, inconsistent, and provide little to no information on patient health and well-being,” said Eric Dobson, the Managing Partner of Community Equity Partners (CEP). According to Dobson, we have been supporting and investing in Pneuma Respiratory for the last seven years. “We immediately recognized an important and fundamental advance in technology and drug delivery,” said Dobson.
Helping a companies like Pneuma Respiratory 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. Companies like Boone, NC based Pneuma Respiratory highlight our dedication to cultivating innovation in the Heartland.
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 2025. 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 18-year history and has invested approximately $17M in 62 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 five years. To learn more about CEP visit https://www.communityequitypartners.co.