Tech
Check out the 47-slide pitch deck an indoor air purifier startup used to raise $7 million in its Series A round, led by Hoxton Ventures
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- Air purifier startup Rensair raised $7 million in a Series A round led by Hoxton Ventures.
- Twin brothers Frederik and Christian Hendriksen launched Rensair in 2020 amid growing consumer interest in clean air.
- Rensair expects to invest the funds in expanding its North American presence.
Just two years after launching, London-based air purification startup Rensair’s customer base already includes the likes of the UK National Health Service, Disney, Morgan Stanley, and PepsiCo.
Founded in 2020 by twin brothers Frederik and Christian Hendriksen, its core product is a combat air purifier initially developed by the founders’ father Henrik, a ventilation engineer, for use in Scandinavian hospitals.
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Rensair differentiates its air purification system from others on the market because it combines HEPA (high-efficiency particulate air) and UVC (ultra-violet C) technology to create a hospital-grade filtration system that’s also portable. Rensair claims its systems destroy 99.7% of airborne bacteria and viruses.
This month, the company raised $7 million in a Series A funding round, which began in December 2021 and closed May 3. Rensair expects to spend the funds on growing its North American presence, making between 10 and 20 new hires globally over the coming year, and investing in product development catered to the “internet of things,” according to Frederik Hendriksen, Rensair cofounder and US CEO.
Rensair also recently acquired AirLabs, an air quality monitoring and air cleaning company, as part of that product expansion, bringing another 10 employees onto the team.
Most of Rensair’s first two years of operation involved investment in Europe. Last year, the UK was its largest market, but the company’s founders said they believe that there is a significant untapped marketing opportunity in the US.
“We’ve been selling here in the States for over a year, and have already been doing work with anywhere from hotel groups to some of the higher-end private sports facilities, like Yellowstone Club, and then also doctors’ offices, hospitals, et cetera,” Frederik Hendriksen said.
Frederik Hendriksen says that the COVID-19 pandemic has generated a huge newfound interest in indoor air quality that Rensair can capitalize on.
“Because air is invisible, we don’t realize what we’re inhaling every day, but now that all these new studies have been done, people are realizing that there’s actually a lot of really bad stuff for you that’s floating around in the air that we’re not really addressing,” Frederik Hendriksen said.
The company says it has over 800 individual clients globally. Approximately half of its new funding came from Hoxton Ventures, which led the round. The remainder of Rensair’s fresh investment came from high net worth strategic investors with backgrounds in the real estate industry — investors who have a vested interest in workers feeling safer coming back into well-ventilated offices.
Check out the pitch deck Rensair used to raise its $7 million Series A round.
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