Nanobubble technology company Moleaer has announced it has closed a US$9m Series B fund raise, led by S2G Ventures’ Oceans and Seafood Fund and joined by existing investors, ADM Capital’s Cibus Enterprise Fund and Energy Innovation Capital.
The company said that it would use the latest funding to expand its 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).
In the past year, Moleaer has grown rapidly, tripling in size, and the group said it expectes to continue to further growth going forward.
The company has over 1,000 installations and is treating more than 225m gallons of water per day in agriculture, aquaculture, surface water and natural resources.
In agriculture, Moleaer says that its patented technology sustainably increases productivity by improving irrigation water quality, resulting in 50 per cent reduction of crop loss by disease and increasing crop yields and berry size by 20 per cent and 14 per cent respectively.
“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 meaningful worldwide advancements in water quality,” said Larsen Mettler, S2G Ventures managing director, who will join Moleaer’s board of directors. “We are thrilled to back Nick Dyner and the Moleaer team as they scale the business to achieve even greater impact across multiple parts of our food system.”
“This financing round - 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," said Nicholas Dyner, CEO of Moleaer.
"With issues of food insecurity and the growing deterioration of global water quality, industries are looking for chemical-free solutions to meet the challenges associated with climate change and resource scarcity," he added. "This funding will allow us to accelerate our global expansion to meet these needs, whether that’s in food, water, energy, or other applications.”