Angels Impact the Mobility Impaired
Knoxville, TN; April 29th, 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 seed round for Wave Therapeutics, Inc. Wave Therapeutics was the recipient of the Aging 2.0 Technology Pitch Competition supported by Aging 2.0. 40AU, and the Marble City Angels, part of the Community Equity Partners network.
"There is a big problem with pressure wounds for those bound to beds and wheelchairs including many veterans, and, of course, our aging loved ones,” said Eric Dobson, the Managing Partner of Community Equity Partners (CEP). According to Dobson, Wave Therapeutics makes a patent pending medical device cushion that expertly combat bed sores by constantly, gently activating the adjacent tissue with real-time analytics to prevent and monitor patient healing.
Wave Therapeutics is a healthtech startup with a unique, patent-pending therapeutic technology that can help prevent pressure injuries. The company delivers a new form of therapeutic cushions to the world’s mobility-impaired population. Their initial product is an active therapeutic wheelchair cushion that is the first of several products designed to reduce the risk of pressure injuries. Wave’s smart cushion provides key metrics and generate analytics to better anticipate and address problems. The market impacts seniors, veterans, and patients bound to beds and chairs making it an easy decision for angel investors to create value and impact such a deserving group.
Helping a companies like Wave 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.