# Molg

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/molg

- Industry: Software
- Headquarters: Sterling, US
- Website: www.molg.ai
- Total disclosed funding: $5.5M
- Latest round: Seed (Oct 9, 2024)
- Investors on record: 6

## About

Established in 2021 and based in Virginia, US, Molg Inc. operates as a provider of circular manufacturing technology to electronics brands seeking to adopt circular economy principles in their manufacturing processes. In October 2024, Molg Inc. raised USD 5.5 million in seed funding led by new investor Closed Loop Partners, with participation from other new investors Amazon, ABB Asset Management, Overture, Elemental Excelerator, and Techstars Ventures.

Molg Inc. developed circular manufacturing technology, that enables the transformation of existing product lines and the development of new market offerings into cost-effective, scalable, circular products. It focuses on supporting robot usage approach to assembly and disassembly and ensures that electronic products are designed for reuse and recycling. The company’s micro-factory facilitates the recovery and reuse of valuable components, reducing waste and avoiding landfill. In addition, the firm provides OriginMark technology, which is an open standard that provides transparency, traceability, and identification of products and assets. It encapsulates material composition, embodied carbon, and digital assembly and recovery processes, empowering stakeholders with valuable insights into product lifecycle management.

## Funding rounds

- Seed, Oct 9, 2024, $5.5M — Techstars, ABB Asset Management, Closed Loop Partners, Elemental Impact, Amazon, Overture

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- ABB Asset Management — Seed
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed
- Elemental Impact (https://capitalatlas.ai/funds/elemental-impact) — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Seed
- Overture (https://capitalatlas.ai/funds/overture) — Seed