Award-Winning At-Home Spirometer and Platform Grew Its Patient Base by 10x in 2022
SAN FRANCISCO–(BUSINESS WIRE)–Aluna, the award-winning lung health management platform, today announced it has completed a $15.3 million Series B round of financing to continue growing its solution among doctors and patients managing asthma, cystic fibrosis and COPD. Aluna’s AI-enabled respiratory management platform allows patients to transmit data to their doctor by blowing into their innovative spirometer daily. The patient-facing app gives patients an easy way to collect symptoms, medication, activity, and environmental factors. Their proprietary ML algorithms help medical teams identify respiratory problems and take corrective action to keep their health under control.
Roughly one in thirteen Americans has asthma, and the number is rising due to environmental factors, according to the Asthma and Allergy Foundation of America. Asthma attacks lead to over one million emergency room visits each year, according to the American College of Asthma, Allergy & Immunology. Aluna’s FDA-cleared spirometer device and easy-to-use app encourage patients to easily share their lung health with their doctor while on-the-go. This allows allergists, pulmonologists and other providers to offer care early and avoid costly and frightening hospital visits for the patient. Aluna is eligible for insurance coverage under Remote Patient Monitoring.
Led by previous investor Matrix Partners, the Series B round brings Aluna’s total funding since inception to $27 million. Key investors in the round also include New York-based Rho Ignition, and Dr. Warner Carr, an Irvine, California-based allergist whose practice is an early adopter of Aluna’s platform. The Series B funding comes on the heels of a year of rapid growth, with Aluna adding thousands of new patients to its platform for a year-over-year growth rate of 10x. The company plans to invest both on the product and commercial side to produce more spirometers, make its offering more robust and reach new patients.