About Molecule
Molecule is a company based in Kingston (Canada) founded in 2018 by Amy Proulx and Andre Audet was acquired by Genesis Systems in May 2023.. Molecule has raised $2.18 million across 1 funding round from investors including Genesis Systems. The company has 13 employees as of December 31, 2024. Molecule offers products and services including Cannabis Beverages. Molecule operates in a competitive market with competitors including Fluent Beverages, Wav Of Life and MAVCAN, among others.
- Headquarter Kingston, Canada
- Employees 13 as on 31 Dec, 2024
- Founders Amy Proulx, Andre Audet
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.18 M (USD)
in 1 rounds
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Latest Funding Round
$2.18 M (USD), Seed
Nov 28, 2024
- Investors
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Employee Count
13
as on Dec 31, 2024
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Acquired by
Genesis Systems
(May 01, 2023)
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Products & Services of Molecule
Molecule offers a comprehensive portfolio of products and services, including Cannabis Beverages. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality infused drinks providing cannabinoid experiences for consumers.
Funding Insights of Molecule
Molecule has successfully raised a total of $2.18M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.18 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.2M
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First Round
First Round
(28 Nov 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - Molecule | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Molecule
Molecule has secured backing from 1 investor. Prominent investors backing the company include Genesis Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Atmospheric water generators are manufactured for residential and industrial uses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Molecule
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Molecule
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Molecule Comparisons
Competitors of Molecule
Molecule operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fluent Beverages, Wav Of Life and MAVCAN, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Serves as a brand specializing in CBD-infused beverages for consumer wellness.
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| domain | founded_year | HQ Location |
A brand offering CBD-infused supplements for health and wellness.
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| domain | founded_year | HQ Location |
Specializes in offering CBD-infused beverages as a consumer brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Molecule
Frequently Asked Questions about Molecule
When was Molecule founded?
Molecule was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is Molecule located?
Molecule is headquartered in Kingston, Canada. It is registered at Kingston, Ontario, Canada.
Who is the current CEO of Molecule?
Dacid Reingold is the current CEO of Molecule.
Is Molecule a funded company?
Molecule is a funded company, having raised a total of $2.18M across 1 funding round to date. The company's 1st funding round was a Seed of $2.18M, raised on Nov 28, 2024.
How many employees does Molecule have?
As of Dec 31, 2024, the latest employee count at Molecule is 13.
What does Molecule do?
Molecule was founded in 2018 in Kingston, Canada, as a brand focused on cannabis-infused beverage products. Operations center on the production and distribution of non-alcoholic drinks incorporating cannabis extracts, targeting the legal recreational market. Leadership includes co-founders Amy Proulx and Andre Audet, with David Reingold serving as CEO. The company operates within Canadas regulated cannabis sector, emphasizing product innovation and compliance.
Who are the top competitors of Molecule?
Molecule's top competitors include Fluent Beverages, Wav Of Life and MAVCAN.
What products or services does Molecule offer?
Molecule offers Cannabis Beverages.
Who are Molecule's investors?
Molecule has 1 investor. Key investors include Genesis Systems.