The funding round and associated grant were secured with support from angel investment network Lifted Ventures.
"We are thrilled to drive forward with our vision, transforming the engineered wood products industry with adhesives that are not only sustainable but support full lifecycle circularity. This latest funding, alongside the invaluable guidance from Lifted Ventures, allows us to accelerate the adoption of eco-friendly materials across the construction sector. Our adhesive technology is a crucial step towards a healthier planet and aligns perfectly with industry’s movement toward Net Zero."
The equity round was led by Green Angel Ventures and the Development Bank of Wales.
"Current carbon fibre material formats are expensive, hard to form into shape and highly wasteful with poor recycling routes. It is more expensive than aluminium and has a much higher footprint CO2e than steel, yet more than 90% end up in landfill."
The funding supports director Shane Clee in acquiring the established precast concrete manufacturer.
"After 24 years with Forden, this is a great opportunity to take on the business myself and work with our close-knit team to continue doing what we love and know best. We’ve worked closely with Geoff to build the strong reputation that we have and now look forward to getting stuck-in with our plans for future growth but we wouldn’t be doing it without the help of the Development Bank. From start to finish, they have been brilliant and I’m very grateful for their support, advice and reassurance throughout the process."
NetMind.AI has made a strategic investment in TG0 to support long-term growth and product development.
"With the £2M investment, and access to NetMind’s state-of-the-art AI frameworks, we can’t wait to see what TG0 will do with their game-changing tech. As the physical and digital spaces increasingly collide, we believe at NetMind that TG0’s work will ensure that these vital technologies are as inclusive, accessible, and powerful as possible."
The investment was led by the Scottish National Investment Bank with backing from Archangel Investors and Par Equity.
"We are excited by the growth and impact potential of iGii, and we are pleased to be invested in the company's future, which includes scaling its products for a global market and bringing more skilled jobs to Stirling."
— Alastair McMillen, Associate Director – Sustainable Places
