Silicon Valley air purifier startup Molekule was born out of an idea Dr. Yogi Goswami had back in the ’90s using photo-voltaic technology to kill air pollutants. His son, a young boy at the time, suffered from severe allergies and Dr. Goswami wanted to build something those like him could use in their home to clear the air. But the sleekly designed Molekule took a bit of a blow last fall when Wirecutter called it “the worst air purifier we’ve ever tested.”
Molekule pointed out to Techcrunch the Berkeley Lab did not test for particulate matter larger than .3 microns (which is what Wirecutter tested for) but Intertek Laboratories, which ran a separate test from Berkeley Lab on a Molekuleunit, did.
Molekule has since told TechCrunch comparing its PECO technology to the more common HEPA air filter technology is like comparing apples to oranges. “Up until now, everything has been air filtration, not real air purification,” co-founder and CEO of the company Jaya Rao told TechCrunch.
To disprove the naysayers, Molekule sent off its tech for testing at the Berkeley Lab, which concluded no measurable amount of VOC’s or ozone were emitted; Molekule effectively removed harmful chemicals in the air, like toluene, limonene, formaldehyde, as well as ozone, and that “no secondary byproducts were observed when the air cleaner was operated in the presence of a challenge VOC mixture.”
Internal medicine doctor Tom Lee founded the startup, now valued at well-over $1 billion dollars, in 2007. Lee exited his company in 2017, leaving it in the hands of former UnitedHealth group executive Amir Rubin.
The startup currently operates 72 health clinics in nine major cities throughout the U.S., with three more markets expected to open in 2020 and has raised just over $500 in venture capital from it’s biggest investor, the Carlyle Group (which owns just over a quarter of shares), Alphabet’s GV, J.P. Morgan and others. Google also incorporates One Medical into its campuses and accounts for about 10% of the company revenue, according to the SEC filing. The filing also mentions the company, which is officially incorporated as 1Life Healthcare
Enterprise health management startup Collective Health has added another $110 million to the coffers from existing high-profile investors such as Founders Fund and Alphabet’s investment arm GV, bringing the total now raised to a cool $230 million. Read More
Drawbridge Health wants to make it easier for doctor’s offices and clinics to collect small samples of your blood for testing on site with a handheld device. The device uses proprietary technology to collect and stabilize just a few drops of blood for various tests like hormone levels, genetic testing, monitoring disease and other things patients normally have to get done at an outside… Read More
It seems there’s nothing but bad news out there lately, but here’s some good news — the nonprofit Evolve Foundation has raised $100 million for a new fund called the Conscious Accelerator to combat loneliness, purposelessness, fear and anger spreading throughout the world though technology. Co-founder of Matrix Partners China Bo Shao will lead the fund and will be looking… Read More
Former Rothenberg Ventures CFO David Haase has won his case against the firm’s founder, Mike Rothenberg. The ruling came down in favor of Haase in the Superior Court of California last week. Rothenberg must now pay Haase $166,000 for expenses and losses incurred during his employment at the firm, plus legal fees for the suit and services related to an SEC investigation of the firm. Read More
theMednet launched out of Y Combinator earlier this year to bring physicians a sophisticated platform for finding the best in treatment research, starting with cancer. It has now raised $1.5 million in seed to help it reach even more of those physicians. The funding comes from Endure Capital, Lumia Capital, The Hope Foundation, the Bonnie J. Adario Lung Cancer Foundation and a bunch of… Read More
On KQED’s Forum show today host Queena Sook Kim discussed venture capital’s sexist culture. But during the call, someone claiming to be a VC emailed the show to say he would not hire a woman “out of fear that we will get sued.” Not hiring women capable of filling a role at your workplace simply because they are female is illegal. Read More
Yumi, the Los Angeles-based baby food delivery service co-created by former TechCrunch and Wall Street Journal reporter Evelyn Rusli and Angela Sutherland is finally open for business, with $4.1 million in seed investment from VC firms Brand Foundry, August Capital and NEA, as well as several angels, including early Dropbox investor Ali Partovi, WordPress’s Matt Mullenweg, and… Read More
Capsule, a New York-based pharmacy delivery startup, has raised $20 million from Thrive Capital, founder Eric Kinariwala told TechCrunch editor Jordan Crook on stage today at Disrupt NY. The raise was first noted in the Wall Street Journal but Kinariwala came on stage today during our Founders Spotlight portion of the event to chat about his plans to cut out third-parties and streamline… Read More
Utah-based Peak Ventures has closed on a second fund for $50 million, outpacing Kickstart Seed Fund as the seed VC firm with the largest coffers in the state thus far. Peak took in $23 million for the first fund and has since invested in local startups like Owlet and Homie as well as the New York-based Nigerian education startup Andela. Sid Krommenhoek and Jeff Burningham launched the fund… Read More
I’m betting yes and very soon based on some interesting answers in a recent interview with founder Ryan Smith (see video below). Reporters have been asking Smith if he’s about to IPO for the last couple of years. Usually, Smith gives some sort of answer about how his company already runs like it’s public, brushing off any notion of such an event — I’ve… Read More
A couple of early stage venture capital outfits have infused medical practice management platform DrChrono with $12 million in Series A financing to help the eight-year-old company compete with EHR incumbents in bigger health organizations like Athena Health and Allscripts. DrChrono has largely taken over as the backend platform of choice for small medical practices, handling everything… Read More
Data Collective (DCVC) is bringing Dr. John Cumbers, the founder of synthetic biology platform SynBioBeta and setting him up with his own biotech fund for pre-seed and seed stage startups, aptly called the DCVC SynBioBeta Fund. DCVC co-managing partner Matt Ocko, who spoke to TechCrunch about the new development didn’t have an exact number set aside for the new fund but did mention… Read More
Medtech startup AliveCor announced this morning it has pulled in $30 million from Omron Healthcare and the Mayo Clinic and is launching an artificially intelligent stroke prevention platform for doctors called KardiaPro. AliveCor already has an FDA-cleared mobile app called Kardia to accompany its $99 standalone EKG reader device. However, a partnership last year with the Mayo Clinic… Read More
Type 2 diabetes is a disease affecting 415 million people globally and Virta, a Silicon Valley-based health startup, believes it has something unique to reverse it – remote monitoring of everything you eat.
Most people with the disease end up having to constantly monitor their blood sugar with the prick of a needle and diabetic pills or can “cure” it with bariatric surgery. Read More
Life sciences startups need a whole lot more cash than most and that’s certainly true for GRAIL, a cancer detection startup trying to figure out a way to find the “emperor of all maladies” much earlier through blood testing technology. The startup, which spun out of genomics company Illumina announced it has closed a whopping $900 million in Series B funding this morning.… Read More
Mike Rothenberg has been in a heap of trouble over a series of purportedly fraudulent transactions within his investment firm Rothenberg Ventures and his virtual reality startup River Studios. Now Transcend VR, as first reported in the Wall Street Journal, is suing the venture capitalist on allegations of fraud, breach of contract and deceptive diversion of funds. Transcend, which filed… Read More
Rothenberg assigned the firm the name Frontier Tech Ventures in September 2016 after a series of events tarnished the brand, starting with an SEC investigation, which opened in July of 2016. What drew the agency’s attention: Rothenberg himself, whose lavish spending to market his fund began to concern employees, as well as his 176 investors — almost all of them wealthy… Read More
Connections between the Obama administration and Silicon Valley abound, but particularly for Josh Kushner. The latest? Kushner’s venture firm Thrive Capital just hired Josh Miller, a member of the White House Office of Digital Strategy under President Barack Obama.
Miller, just 24 when he left Facebook to serve as the White House director of product, starts Monday at Thrive and… Read More