Philter Labs, a San Diego, CA-based company advancing micro-sized personal air filters to eliminate the impacts of secondhand smoke, raised $1m in funding.
Explorer Equity Group invested in the round.
The company intends to use the funds for growth, research and development, and launch of new leading-edge filtration products.
Led by CEO Christos Nicolaidis, Philter Labs is a technology-enabled filtration company advancing micro-sized personal air filters to eliminate the impacts of secondhand smoke.
Philter Labs has half a dozen filed patents in the works and two recently approved to support a line of environmentally friendly products the company plans to announce in the coming months.
In 2018 and 2019, Philter Labs, Inc. received $1 million in seed financing from Bravos Capital and Explorer Equity. The company also received another $1 million in development capital from a private equity firm that invests in the cannabis industry, bringing total funding to $3 million to date. Philter Labs is currently engaged in a pre-Series A funding round to accelerate product development and support launches of new, first-of-its-kind products.
FinSMEs
02/04/2020