Technology has “incredible potential to make agriculture and aquaculture” more productive.
Nanobubble technology company Moleaer writes that it has closed a USD 9 million Series B fundraise led by S2G Ventures’ Oceans and Seafood Fund and joined by existing investors, ADM Capital’s Cibus Enterprise Fund and Energy Innovation Capital.
“Nanobubbles can be used to improve the efficiency of a broad spectrum of chemical, biological, and physical processes. Nanobubbles remove impurities and pathogens from wet environments, making them incredibly effective at improving production and processes across many industries and applications,” say Moleaer.
“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),” it wrote in a press release.
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 wrote that its 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. The company added that 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.
“Large-scale Aquaculture facilities and fish farms from Norway to Canada and across Latin America are utilizing Moleaer’s nanobubble technology to improve the economics of their salmon and shrimp farms,” writes Moleaer.
In agriculture, Moleaer wrote that its patented technology 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.
S2G Ventures managing director Larsen Mettler, who will join Moleaer’s board of directors, said that “Moleaer’s nanobubble technology has incredible potential to make agriculture and aquaculture more “productive” and that it can “restore the health of aquatic systems”.
“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,” 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,” 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 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 food supply and improving nutritious content, alongside Energy Innovation Capital which is focused on improving operational efficiency in energy, increased their investment in Moleaer.