Molekule, a San Francisco, CA-based science and clean technology company with patented air purification technology, closed a $25m Series B funding round.
The round was led by Foundry Group with participation from existing investors Crosslink Capital Uncork Capital, and TransLink Capital.
The company plans to use the funds to expand its product line, scale manufacturing and grow the team.
Developed by renowned renewable energy scientist, Dr. Yogi Goswami, Molekule’s patented technology, Photo Electrochemical Oxidation (PECO), completely destroys pollutants on a molecular level. The company’s technology actually breaks down pollutants like bacteria, mold, toxic gasses (VOCs), dust, smoke, and other airborne allergens — including pollutants like VOCs.
Founded in 2014 and led by Dilip Goswami, CEO, Molekule now has 80 employees and ships to United States, Alaska, Hawaii, Puerto Rico, the U.S. Virgin Islands and Canada.