This is the Respira pitch deck to raise a $2.1m seed round in 2020.
About
Respira Technologies is a platform device and biotechnology company focusing on aerosol science.
Once seen as a healthier alternative to smoking, the consequences of vaping were thrust into the spotlight this fall as thousands of people across the US were sickened after vaping cannabis and nicotine products.
While the Centers for Disease Control and Prevention identified vitamin E acetate, a thickening agent that’s mostly found in illicit vapes, as the culprit for most of these illnesses, the issue put a cloud over the vape industry.
Then, President Donald Trump issued a crackdown on some flavored vapes, which the federal government said are marketed towards underage users. Some vape companies have since seen their sales slump, and have struggled to raise money. Some were forced to slash employees and shelve growth plans.
Disrupting the vape industry, without heat
Against this backdrop, a startup called Respira is working to offer a “heat-free” vaporizer which releases the desired compound — be it THC or nicotine — without the toxic elements. Respira’s vaporizers aren’t yet on the market, and the company says they should be available later this year.
“There’s this prevailing myth that only combustion or actual burning creates harmful byproducts, and that’s just unequivocally not true,” Mario Danek, Respira’s CEO, told Business Insider in an interview. “The heat in and of itself creates toxic byproduct formation in vapes. These are unintended, but harmful consequences.”
Vaping relies on heat to release the desired chemical compound, be it THC or nicotine, from a solution. That heat can also release harmful compounds, which vape users are unwittingly inhaling into their lungs.
The problem is especially acute in illicit THC vapes, which Business Insider previously reported were found to contain pesticides and heavy metals — some of which can break down into carcinogens and other poisonous gases when heated.
Respira has so far raised $2.1 million in convertible notes, a form of short-term debt that converts into an ownership stake over an agreed-upon timeframe.
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jan 10, 2020 | Convertible Note – Respira Technologies | 3 | $2.1M | — |
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