Molekule, a San Francisco, CA-based air purification company, closed $58m in Series C funding.
The round was led by RPS Ventures with participation from Founder’s Circle Capital and existing investors Foundry Group, Crosslink Capital, Uncork Capital, and TransLink Capital, and new investor Inventec Appliances Corp (IAC).
The company intends to use the funds to accelerate channel growth, focus on technology innovation, and continue to prioritize product expansion.
Led by Dilip Goswami, Molekule has developed patented photo electrochemical oxidation (PECO) technology that destroys a whole range of tiny pollutants, including VOCs, mold, bacteria, viruses and allergens. The company offers Air, a device designed to destroy pollutants in large spaces like master bedrooms, living rooms & family rooms, and recently launched Molekule Air Mini, which is designed to destroy pollutants in small spaces like studio apartments, kids’ bedrooms & home offices.