Dyman Advanced Materials raises £882k to commercialise synthetic diamond technology.
The funding follows successive investment rounds supported by angel networks and regional accelerator programmes.
Dyman Advanced Materials manufactures synthetic diamonds using high temperature and pressure processes. Based in County Durham, the firm supplies polycrystalline diamond technology for industrial applications.
Durham-based synthetic diamond producer Dyman Advanced Materials has secured £882k across two funding rounds. The capital comprises investments from angel networks and the Regional Angel Investment Accelerator programme.
The funds will be directed towards commercialising the company's polycrystalline diamond technology and introducing a new diamond carbonado product line following successful proof of concept trials.
From the founder
"This is an overwhelming amount of money and we are thrilled to be able to continue with our new product development. It is very exciting to have such a wide range of investors both from the North East and across the UK, not to mention the RAIA funding – we have a lot of people backing us on this journey."
Gary Gibson
Founder at Dyman Advanced Materials
Investor perspective
"We’ve supported Dyman from the start, and it is so rewarding to see them go from strength-to-strength whilst we work with them. Our journey with Dyman has allowed them to secure appropriate investment at every stage of development and I’m excited to see how these third and fourth rounds of investment will allow them to commercialise their PCD and expand their product range further."
Jordan Dargue
Board Director, NorthInvest
Use of funds
- 01Continue product development
Investors
Categories
About the company
Dyman Advanced Materials
Dyman Advanced Materials produces synthetic diamonds for industrial markets.