# Skyonic Corporation

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

- Industry: Environmental Services
- Headquarters: Austin, US
- Website: www.skyonic.com
- Total disclosed funding: $48M
- Latest round: Series C (Jun 25, 2013)
- Investors on record: 9

## About

Skyonic Corporation specializes in innovative air purification solutions aimed at improving indoor air quality by effectively removing various pollutants from the environment.Founded in 2005 in Austin, US, Skyonic Corporation focuses on air purification technology. The company has undergone strategic shifts in its operations but remains dedicated to improving air quality. Steve Goldstein, the founder, has a background in environmental technology. Skyonic raised USD 12.5 mn in funding on May 22, 2014, from investors including ConocoPhillips and Enbridge Inc, bringing the total amount raised to USD 12.5 mn.Skyonic specializes in air purification solutions, offering a range of air purifiers that enhance indoor air quality by removing pollutants such as dust, pollen, and mold spores. Their flagship products cater to both residential and commercial applications, focusing on respiratory health and user comfort. The company also provides education on air scrubbers as an alternative technology targeting airborne contaminants, serving a diverse customer base, including homeowners and businesses, especially in urban areas with significant air quality concerns.Skyonic generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers. The company's product sales include individual air purifiers and necessary accessories, such as replacement filters, which are essential for maintaining efficiency. Customers purchase through online platforms and retail outlets, allowing for a streamlined buying experience. The pricing strategy reflects affordability and quality, appealing to a demographic invested in improving indoor air quality, supported by ongoing demand for air purification solutions.Skyonic plans to utilize the recent fundraising of USD 12.5 mn to expand its product line and enhance market presence. This includes the development of new air purification products and strategic entry into new geographic markets. The company is particularly targeting urban regions with air quality challenges, aiming for market penetration by the end of 2015, thereby enhancing its operational footprint and customer reach.

## Funding rounds

- Series C, Jun 25, 2013, $39M — Energy Technology Ventures, Cenovus Energy, Bluecap Partners, Toyo-Thai Corporation Public Company Limited
- Series C, Jun 26, 2012, $9M — BP p.l.c., Northwater Capital Management, ConocoPhillips, PVS Chemicals, Inc., Zachry Corporation

## Investors

- BP p.l.c. — Series C
- Northwater Capital Management (https://capitalatlas.ai/funds/northwater-capital-management) — Series C
- ConocoPhillips — Series C
- PVS Chemicals, Inc. — Series C
- Zachry Corporation — Series C
- Energy Technology Ventures (https://capitalatlas.ai/funds/energy-technology-ventures) — Series C
- Cenovus Energy — Series C
- Bluecap Partners (https://capitalatlas.ai/funds/bluecap-partners) — Series C
- Toyo-Thai Corporation Public Company Limited — Series C