Molekule, Inc. announced it raised $22.2 Million in an initial filing from an offering of $40 Million
Molekule, Inc. announced it raised $22.2 Million in an initial filing from an offering of $40 Million
06/22/22, 5:29 PM
Location
san francisco
Money raised
$22.2 million
Industry
information technology
Company Info
Location
1301 folsom st.
san francisco, california, united states
Additional Info
AeroClean changed its name and ticker symbol to Molekule Group, Inc. (Nasdaq: MKUL). Molekule’s mission is to deliver clean air to everyone, everywhere. Founded by a family trying to address the adverse impacts of polluted air, Molekule was created with a goal of using the power of science to tackle indoor air pollution around the world.
Molekule’s proprietary technology, Photo Electrochemical Oxidation (PECO), works at the molecular level to destroy pollutants. Developed over two decades by research scientists, PECO is an innovative technology that utilizes free radicals – the same radicals used to destroy cancer cells – to break down pollutants at a molecular level, including VOCs, bacteria, mold, viruses, and allergens. By using nanotechnology, PECO is able to destroy pollutants 1000 times smaller than the HEPA standard tests for, making Molekule unlike any other air purifier.