What is Beyond Air?
Founded in 2011 and headquartered in Garden City, New York, Beyond Air is a medical device and biopharmaceutical company focused on leveraging nitric oxide (NO) for therapeutic purposes. Its proprietary LungFit system generates NO from ambient air, delivering precise amounts to the lungs for the potential treatment of various pulmonary diseases. The company's innovative approach positions it within the rapidly evolving respiratory care market, aiming to address unmet clinical needs through advanced NO-based therapies.
How much funding has Beyond Air raised?
Beyond Air has raised a total of $122.6M across 4 funding rounds:
Other Financing Round
$30M
Debt
$40M
Share Placement
$20.6M
Debt
$32M
Other Financing Round (2021): $30M, investors not publicly disclosed
Debt (2023): $40M led by Avenue Capital Group
Share Placement (2024): $20.6M, investors not publicly disclosed
Debt (2025): $32M featuring Streeterville Capital
Key Investors in Beyond Air
Streeterville Capital
Streeterville Capital LLC is a venture capital and private equity firm known for its investments in various companies. Its participation in this funding round suggests a strategic interest in Beyond Air's growth trajectory and market potential.
Avenue Capital Group
Avenue Capital Group is a multinational investment firm specializing in distressed securities and private equity. Their involvement indicates confidence in Beyond Air's financial strategy and long-term viability.
What's next for Beyond Air?
The substantial enterprise-level funding and recent strategic investment indicate Beyond Air is poised for significant scaling and further development of its NO Generator and Delivery System. This capital infusion is likely to accelerate clinical trials, expand manufacturing capabilities, and support market penetration efforts. The company's focus on harnessing nitric oxide for pulmonary diseases suggests a strategic push to establish leadership in this specialized therapeutic area, potentially leading to new product launches and broader adoption of its technology.
See full Beyond Air company page
