May 27, 2020

Molekule – $58 Million

Molekule

San Francisco, CA. ; 2/25/20

Amount Funded: $58 Million

Type: Series C

Investor: RPS Ventures

Participating Investor(s): Founder’s Circle Capital, Investors Foundry Group, Crosslink Captial, Uncork Capital, Translink Capital, Investor Inventec Appliances Corp.¬†

Company Description: Molekule is on a mission to provide clean indoor air to everyone, everywhere. Based on more than 20 years of research and development, our patented photo electrochemical oxidation (PECO) technology destroys a whole range of tiny pollutants, including VOCs, mold, bacteria, viruses and allergens. Using science to revolutionize air purification in ways that the industry hasn’t seen, PECO sits at the crux of Molekule’s air purification technology and has been rigorously validated by third-party laboratories and continual internal testing. We believe air pollution is one of the greatest challenges of our time, as it has been attributed to seven million premature deaths a year, according to the World Health Organization. This is why we are dedicated to the fight for clean air and are actively working with scientists, doctors, sufferers, and policy-makers to offer a fundamentally different approach to air purification.

What funding will be used for:

Continued growth

Quotes:

None

Notes:

  1. Some data on this funding round was originally reported on 2/25/20 by VatorNews.

 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →