Monday, June 12, 2023

Philter Labs Gets $675K

San Diego-based Philter Labs, which makes filters designed to capture harmful particulate matter from vape pens, says it has raised $1M AUD (approximately $675K US) as part of an ongoing $4M, Series A funding round. The company said the investment came from Atayf Investments Pty Ltd, as part of a round which is being led by Btomorrow Ventures, the venture capital arm of British American Tobacco. The company said it is working on technology which has the ability to "eliminate secondhand smoke". The company said Atayf Investments is a family office, associated 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, and which also manages Australia's Smokemart & GiftBox vape stores.

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