Philter Labs, a San Diego, CA-based company which specializes in secondhand smoke elimination technologies, raised $1M in Additional funding.
The investment was made by Atayf Investments Pty Ltd. The round was originally led by Btomorrow Ventures.
The company intends to use the funds to further accelerate R&D initiatives and introduce the heat-not-burn device specifically designed for organic substrates with the ability to eliminate secondhand smoke.
Led by CEO Christos Nicolaidis, Philter Labs works to impact society by pioneering and implementing technologies that eradicate secondhand smoke at the source. Its technologies eliminate the harmful particulate matter in secondhand smoke caused by the consumption of cannabis or nicotine. PHILTER™ holds 9 granted utility patents and has filed over a dozen additional patents for advanced technologies that miniaturize the filtration footprint.
Atayf Investments is the Family Office investment group associated with Charlie (Khalil) Shahin AO, Managing Director of Peregrine Corporation. Peregrine operates the On The Run brand of service stations and convenience stores in South Australia; this privately owned Australian company has a broad reach. They also manage Smokemart & GiftBox tobacconists vape and other retail stores throughout Australia.
FinSMEs
12/06/2023