HomeUSAPhilter Labs Raises $1M in Funding

Philter Labs Raises $1M in Funding

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philter labs

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