This is the Molekule pitch deck to raise a $58m series-c round in 2020.
About
Molekule is a San Francisco-based science and clean air company that has developed a fundamentally new approach to cleaning air.
The battles paid off. On Tuesday, Molekule announced its $58 million Series C led by RPS Ventures with participation from Founder’s Circle Capital. The three-year-old company has won over the likes of Foundry Group, Crosslink Capital, Uncork Capital, TransLink Capital, and Inventec Appliances Corp (IAC). This round was the easiest to raise, Rao said because she had been commuting between Florida and California during Series A and was far along in her pregnancy during Series B. However the startup’s commitment to science and aversion to startup buzzwords might have been the bigger challenge early on.
“Even four or five years ago, it was the least sexy category to do a startup in,” Rao said. “They would be like, ‘How are you using AI?'”
Molekule purifiers use PECO technology that filters viruses and other small particles that aren’t caught by traditional HEPA filters common in most purifiers, and actively combats mould and bacteria buildup in the device itself, Rao said.
“People are starting to understand we had been calling out the problem a while back but it’s been catapulted front and centre,” Rao said. “When you see the smoke from wildfires or global viral outbreaks, you think, hey there are things in the air we can’t control well.”
Air pollution and related health hazards were issues Rao first wanted to address through the public sector, but quickly realized a startup using the new technology could gain more traction if it was able to make the science accessible.
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Feb 25, 2020 | Series C – Molekule | 7 | $58M | RPS Ventures |
| Nov 1, 2018 | Series B – Molekule | 4 | $25M | Foundry Group |
| Jul 19, 2017 | Series A – Molekule | 5 | $10.1M | Crosslink Capital |
| May 24, 2016 | Seed Round – Molekule | 5 | $3.3M | Uncork Capital |
| Feb 16, 2015 | Convertible Note – Molekule | 1 | — | — |
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