Philter Labs lands $1M (AUD) and nears completion of its $4M Series A Financing Round
SAN DIEGO — Philter Labs (PHILTER), the leader in secondhand smoke elimination technologies, secured an additional $1M (AUD) investment from Atayf Investments Pty Ltd. and a warrant for an equivalent investment by the end of 2023. Btomorrow Ventures, the venture capital arm of British American Tobacco, originally led the financing round. The allocated funds will further propel R&D initiatives within the company. They will also back the introduction of the industry’s first-ever heat-not-burn device specifically designed for organic substrates with the ability to eliminate secondhand smoke. Atayf Investments is the Family Office investment group associated with 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; this privately owned Australian company has a broad reach. They also manage Smokemart & GiftBox tobacconists vape and other retail stores throu...