USA | Finance
Moleaer, leading nanobubble technology company, secures $ 9 million series B financing
The investments of S2G Ventures, ADM Capital's Cibus Enterprise Fund and Energy Innovation Capital recognize the growth of the company and its impact on the future of sustainable food production, water treatment and the environment.6/28/2021
Moleaer, the leading nanobubble technology company, announced today that it has closed a $ 9 million Series B fundraiser led by S2G Ventures' Oceans and Seafood Fund and joined by existing investors, the Fund Cibus Business and Energy Innovation Capital of ADM Capital.
Moleaer will use the latest funding to expand the company's manufacturing and business operations globally, advance research and development of new nanobubble applications, and introduce new service offerings such as equipment and water quality monitoring. and Nanobubbles as a Service (NaaS).
In the last year, Moleaer has grown rapidly, tripling in size, and hopes to continue growing in the future. The company has more than 1,000 facilities and treats more than 225 million gallons of water per day in agriculture, aquaculture, surface water and natural resources.
In agriculture, its patented technology increases productivity in a sustainable way by improving the quality of water for irrigation, which translates into a 50% reduction in the loss of crops due to diseases and an increase in crop yields and berry size by 20% and 14%, respectively. In salmon farming, Moleaer's technology has shown a 22% increase in biomass production, a 60% reduction in oxygen use and a 42% reduction in electricity consumption. Other facilities of Moleaer's nanobubble technology restore water bodies by removing harmful algae and pathogens, as well as increasing the recovery of natural resources.
"Moleaer's nanobubble technology has incredible potential to make agriculture and aquaculture more sustainable and productive, to restore the health of aquatic systems and to provide significant global advancements in water quality," said Larsen. Mettler, CEO of S2G Ventures, who will join Moleaer's Board of Directors. "We are delighted to support Nick Dyner and the Moleaer team in expanding the business to make an even greater impact on multiple parts of our food system."
“This round of funding, the largest of its kind for a nanobubble technology company, demonstrates the importance of innovative technologies that improve the sustainability of food production and water treatment. Faced with food insecurity problems and the increasing deterioration of water quality in the world, industries are looking for solutions without chemicals to face the challenges associated with climate change and the scarcity of resources. This funding will allow us to accelerate our global expansion to meet these needs, whether in food, water, energy or other applications ”stated Nicholas Dyner, Director of Moleaer.
Moleaer is one of the first companies to receive funding from S2G's new Oceans and Seafood Fund, focused on advancing sustainable solutions for an industry that provides the primary source of protein for more than three billion people.
Current investors, ADM Capital's Cibus Entreprise Fund, which focuses on addressing the challenges of sustainable food supply and improving nutritional content, along with Energy Innovation Capital, which focuses on improving operational efficiency and sustainability in energy, they increased their investment in Moleaer.
Moleaer is a US-based nanobubble technology company whose mission is to harness the full potential of nanobubbles to enhance and protect water, food, and natural resources. Moleaer established the nanobubble industry in the United States by developing the first nanobubble generator that can operate profitably on a municipal and industrial scale. Moleaer's proprietary nanobubble technology provides the highest oxygen transfer rate proven in the aeration and gas infusion industry, with an efficiency of more than 85% per foot of water (Michael Stenstrom, UCLA, 2017). Through partnerships with universities, Moleaer has shown that nanobubbles are a cost-effective, chemical-free solution for increasing sustainable food production, restoring aquatic ecosystems, and enhancing the recovery of natural resources. Moleaer has deployed more than 1,000 nanobubble generators worldwide since 2016.
Nanobubbles are tiny bubbles, invisible to the naked eye and 2,500 times smaller than a single grain of kitchen salt. Bubbles on this scale remain suspended in water for long periods, allowing very efficient oxygen transfer and supersaturation of dissolved gas in liquids. Nanobubbles also treat and remove pathogens and contaminants of emerging concern, as well as erode surfaces to break down biofilm bases, creating a powerful, sustainable, and chemical-free disinfectant (Shiroodi, S., Schwarz, MH, Nitin, N. et al., Food Bioprocess Technol, 2021).
S2G Ventures is a multi-phase venture fund that invests in the food, agriculture, ocean and seafood markets. The fund's mission is to catalyze innovation to meet consumer demand for healthy and sustainable food systems. S2G has identified the sectors of the food system that are poised for change, and is building a multi-stage portfolio that includes early stage, risk and growth phase investments. S2G's main focus areas are agriculture, oceans, ingredients, infrastructure and logistics, information technology and hardware, food safety and technology, retail and restaurants, and brands of consumption.
Sign up to our newsletter
© Copyright Infoagro Systems, S.L.