FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FG Next GP, LLC		 2. Date of Event Requiring Statement (MM/DD/YYYY)
1/12/2023 

 3. Issuer Name and Ticker or Trading Symbol

Molekule Group, Inc. [MKUL]
(Last)        (First)        (Middle)

645 WALNUT ST., 		 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

BOULDER, CO 80302      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		2. Amount of Securities Beneficially Owned
(Instr. 4)		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 7217710 I By Foundry Group Next ,L.P. (1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)		2. Date Exercisable and Expiration Date
(MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) Shares are held by Foundry Group Next, L.P. ("Foundry"). FG Next GP, L.L.C. ("Foundry GP") is the general partner of Foundry and may be deemed to beneficially own these shares. Lindel Eakman, Bradley A. Feld, Seth Levine, Chris Moody and Ryan A. McIntyre are the managing members of Foundry GP, and may be deemed to share voting and investment power over these shares. Each of Foundry GP and Messrs. Eakman, Levine, Moody and McIntyre disclaims beneficial ownership in these shares except to the extent of its or his pecuniary interest therein. Mr. Feld is a director of the Issuer and files separate Section 16 reports.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
FG Next GP, LLC
645 WALNUT ST.
BOULDER, CO 80302
X

Foundry Group Next, L.P.
645 WALNUT ST.
BOULDER, CO 80302
X

Levine Seth
C/O FOUNDRY GROUP
645 WALNUT ST.
BOULDER, CO 80302
X

MCINTYRE RYAN A
C/O FOUNDRY GROUP
645 WALNUT ST.
BOULDER, CO 80302
X
Signatures
FG Next GP, L.L.C., By /s/ Bradley A. Feld, Managing Member1/23/2023
**Signature of Reporting PersonDate

Foundry Group Next, L.P., By: FG Next GP, L.L.C., its general partner, By /s/ Bradley A. Feld, Managing Member1/23/2023
**Signature of Reporting PersonDate

/s/ Seth Levine1/23/2023
**Signature of Reporting PersonDate

/s/ Ryan A. McIntyre1/23/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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