The series B funding raise has been led by S2G Ventures’ Oceans and Seafood Fund and joined by existing investors, ADM Capital’s Cibus Enterprise Fund and Energy Innovation Capital.
Moleaer will use the latest funding to expand the company’s 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 expects to continue to see that growth going forward. The company has over 1,000 installations and is treating more than 225 million gallons of water per day in agriculture, aquaculture, surface water and natural resources.
In salmon farming, Moleaer’s technology has demonstrated a 22 per cent increase in biomass production, a 60 per cent reduction in oxygen usage and a 42 per cent reduction in electricity consumption. Other installations of Moleaer’s nanobubble technology restore water bodies by eliminating harmful algae and pathogens as well as increase 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 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. 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. This funding will allow us to accelerate our global expansion to meet these needs, whether that’s in food, water, energy, or other applications,” said Nicholas Dyner, CEO of Moleaer.
Moleaer is one of the first companies to receive funding from S2G’s newly formed Oceans and Seafood Fund, focused on advancing sustainable solutions for an industry that provides the primary source of protein to more than three billion people.
Existing investors, ADM Capital’s Cibus Enterprise Fund, which focuses on addressing the challenges of sustainable food supply and improving nutritious content, alongside Energy Innovation Capital which is focused on improving operational efficiency and sustainability in energy, increased their investment in Moleaer.