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NebuFlow

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Acoustic nebuliser technology for hard-to-nebulise drugs

Glasgow, United KingdomFounded 2019Biotech & Life Sciences
Valuation $0–100M Latest valuation · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About NebuFlow

Nebu-Flow is a medical device company, spun-out from the University of Glasgow in 2019, that is developing a new generation of nebuliser technology. The company was co-founded by Dr. Elijah Nazarzadeh, who serves as CEO, and Dr. Julien Reboud. Dr. Nazarzadeh led the research and commercialisation efforts of the technology during his postdoctoral work at the university.

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The company's patented technology utilizes Surface Acoustic Waves (SAWs) to aerosolise a wide range of drug formulations, including those that are difficult to deliver with conventional nebulisers like biologics, nanomedicines, and vaccines. This acoustic technology allows for precise control over the aerosol droplet size, ensuring that particles are small enough (under 5µm) for efficient deep lung deposition. This enhances the effectiveness of treatments for respiratory disorders such as asthma and COPD and unlocks systemic drug delivery via the lungs for cardiovascular and central nervous system disorders.

Nebu-Flow's business model centers on partnering with pharmaceutical companies to integrate its nebulisation engine into their drug delivery systems. Revenue is generated through technology licensing, collaborative development projects, grants, and equity investments. The company operates in the global inhalable drug and nebuliser markets, valued at approximately $33 billion and over $1 billion respectively in 2023. The company has secured significant funding, including a £1.7 million round in 2022 and a £4.7 million round in April 2024, from investors such as SCVC, Scottish Enterprise, Foresight WAE Technology, and SIS Ventures.

The management team includes experienced professionals from the pharmaceutical and medical device industries. Andrea Cusack joined as CEO in 2024, bringing over 25 years of experience from roles at GSK and Catalent. The chairman, Dr. John Pritchard, has over 25 years of experience in respiratory drug delivery with companies like GSK, AstraZeneca, and Philips.

Source: Dealroom company data

At a glance

Founded
2019
Headquarters
Glasgow, United Kingdom
Sector
Biotech & Life Sciences

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Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Foresight Williams
  • Ascension
  • SIS Ventures
  • Science Creates Ventures
  • Scottish Enterprise Growth Investments

Series A1 investor entered at this stage

  • SCVC
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

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🇬🇧 United Kingdom100%
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