iGii secures £8.8m in funding to expand nanomaterial manufacturing
The investment was led by the Scottish National Investment Bank with backing from Archangel Investors and Par Equity.
iGii is a deep tech advanced materials business that produces Gii, a proprietary carbon nanomaterial designed to replace constrained raw materials across multiple industries.
Stirling-based nanomaterial producer iGii has secured £8.8m in new funding to scale its manufacturing capabilities and accelerate commercial projects. The financing round was led by the Scottish National Investment Bank with a £4m contribution, alongside participation from existing backers Archangel Investors and Par Equity.
The capital will be deployed to expand manufacturing facilities for Gii-Sens, the company component used in point-of-care diagnostic sensors, and to deepen research into additional applications including water quality and battery storage technologies. This follows the appointment of chief executive officer Jean-Christophe Granier in late 2023.
From the founder
"We are thrilled the Scottish National Investment Bank is supporting our ambitious growth plans and helping us export true Scottish innovation to the world. Together with our existing investors, we are transforming customers' product performance and delivering life-changing benefits for people and our planet."
Jean-Christophe Granier
CEO at iGii
Investor perspective
"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, Scottish National Investment Bank
Use of funds
- 01Build out infrastructure
- 02Fund research and development
- 03Expand into international markets
- 04Grow the team
