The Next Generation of Smart Inhaler Technology
Knoxville, TN; April 17, 2024 – Marble City Angels and Music City Angels, part of the Community Equity Partners network of angel groups and venture funds, invested in the Series E financing for Pneuma Respiratory, Inc. (https://landing.pneumarespiratory.com/).
The metered dose inhaler technology was introduced in 1956 and has not changed materially since that time. Pneuma has created a revolution in inhaler technology by making it smart. “Pneuma Respiratory has revolutionized this industry,” said Eric Dobson, the Managing Partner of Community Equity Partners (CEP). According to Dobson, the device delivers the optimal dose of optimally sized particles at the optimum time during the inhalation process.
“This is a unique opportunity to make a huge impact on billions of lives,” declared Dobson, noting that this is the type of venture CEP seeks: great founding leadership, great technology, strong IP, and a highly scalable business model.
The company is initially focused on smoking cessation and will move into clinical trials for respiratory therapeutics next. Given their tech does not use heat, does not create volatile organic compounds, and requires only distilled water, this technology stands to revolutionize drug delivery systems.
Helping a heartland company like Pneuma 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 resilient 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 $13M in 56 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 six exits from 2 – 6x in the last four years. To learn more about CEP visit https://www.communityequitypartners.co.