Inventec Appliances Corp has contributed to a round that will enable USF-founded Molekule to further develop and scale its air purification technology.
Molekule, a US-based air purification system spinout out University of South Florida, completed a $58m series C round yesterday that included networking and communication product manufacturer Inventec Appliances Corp.
Venture capital firm RPS Ventures led the round, while Foundry Group, Crosslink Capital, Founder’s Circle Capital, Uncork Capital and TransLink Capital also participated.
Founded in 2014, Molekule is working on photo-electrochemical (PECO) technology to disinfect and purify indoor air. The company claims the system is able to destroy pollutants such as viruses, bacteria and mould.
It has released two products to date, one aimed at large rooms such as master bedrooms and one designed for small spaces like home offices and studio apartments.
The technology builds on more than two decades of research by co-founder and chief science and technology adviser Yogi Goswami, a distinguished professor at University of South Florida.
The funding will support the…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
