Moleaer, a Carson, CA-based nanobubble technology company, closed a $9M Series B funding.
The round was led by S2G Ventures’ Oceans and Seafood Fund and joined by existing investors, ADM Capital’s Cibus Enterprise Fund and Energy Innovation Capital. In conjunction with the funding, Larsen Mettler, S2G Ventures Managing Director, will join Moleaer’s Board of Directors.
The company intends to use the funds to expand global commercial and manufacturing operations, advance its research and development of new nanobubble applications, and introduce new service offerings, including equipment and water quality monitoring and nanobubbles-as-a-service (NaaS).
Led by Nicholas Dyner, CEO, Moleaer is developing a patented nanobubble technology that provides high oxygen transfer rate in the aeration and gas infusion industry to increase sustainable food production, restore aquatic ecosystems, and improve natural resource recovery.
The company has over 1,000 installations and is treating more than 225 million gallons of water per day in agriculture, aquaculture, surface water and natural resources.