The investment round was led by Parkwalk Advisors and Foresight Williams Technology EIS Fund.
"The energy efficiency of many products could be greatly improved if they incorporated gas and flow sensors, but companies are unable to do so due to cost, size, or manufacturing constraints. Our vision is to bring flow- and gas-sensing technologies to all these products. This funding round helps us to scale up and bring our vision to reality."
Kelvin Capital and EMV Capital backed the Edinburgh-based antenna developer to finalise commercialisation of its core technology.
"We are very pleased to have EMV Capital on board and for their help in securing the capital that Sofant needed to finalize the commercialization of our leading-edge RF MEMS technology. Ilian and his team bring a great corporate and investor network, and experience in working with scale-ups. They are pragmatic and results oriented."
The Bristol based technology company has raised capital from Harbert European Growth Capital and existing backers to fuel international growth and product development.
"We’re very grateful for the ongoing commitment of our existing investors and welcome Harbert to our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our exceptional XVF3510 2-mic voice interface and accelerate our AIoT roadmap."
Parkwalk led the Series A financing to support product development and commercialisation.
"This funding marks the start of the next phase in Paragraf’s growth. I am extremely proud of the young team at Paragraf who have collectively delivered the early strategy milestones with great skill. This next phase will allow Paragraf to make these truly game-changing technologies a reality. Paragraf is continually seeking like-minded collaborative development, production and commercial partners to accelerate the delivery of the many exciting electronics technology opportunities graphene has to offer."