Molekule Announces $25 Million in Series B Funding
Science and clean technology company Molekule closed a $25 million Series B funding round led by Foundry Group, with participation from existing investors Crosslink Capital, Uncork Capital, and TransLink Capital.
Molekule aims to help millions of people around the world breathe clean air. Developed by renewable energy scientist Dr. Yogi Goswami, the company’s patented air purification technology, Photo Electrochemical Oxidation, is designed to destroy pollutants on a molecular level. Unlike HEPA filters that trap pollutants on the surface of the filter, allowing them to survive, Molekule’s technology breaks down bacteria, mold, toxic gasses, dust, smoke, and other airborne allergens.
Molekule plans to use the financing to expand its product line, scale manufacturing, and grow its team.