We are pleased to announce a further £500,000 investment from Green Angel Syndicate and Manchester based GC Angels in addition to appointing our new CEO, Richard Lydon. Richard, who has over 30 years experience in the filtration and separation industries, is a leading filtration expert and has been a senior advisor to Molymem during our funding cycles.
Richard said, “I am excited to be joining Molymem as CEO at this pivotal time. The additional funding is great news for an emerging innovation in the membrane space and the company is already started to engage with OEMs and end users. Climate change is driving the need for new solutions in membrane technology and Molymem goal is to work with the existing supply chains to bring a retrofittable membrane coating solution to market. More resilient, longer life and anti-fouling membranes will be required to maintain and improve water quality, reduce pollution, address Net Zero and build solutions for the developing world”
Marc Shirman, Head of Investment at GC Angels added: “The lack of pre-revenue investors in the UK remains a challenge for our early-stage ecosystem. GC’s investment in Molymem’s innovative nano-technology illustrates our commitment to pre-seed investment. Molymem’s particle filtration membrane product has the potential to solve the global problem of access to clean water for the disadvantaged parts of the world.”
“GC were able to follow management’s journey at the GEIC leading to the commencement of commercialisation of their intellectual property. As lead investor, GC co-invested with Green Angel Syndicate combining to deliver both investment capital and industry focused business support to enable the management team to rollout of this innovative product internationally.”
