Series A15 July 2019

Paragraf raises £12.8m in a Series A round led by Parkwalk to advance product development.

Parkwalk led the Series A financing to support product development and commercialisation.

£12.8MSeries A

Paragraf develops and manufactures scalable graphene-based electronic devices as an alternative to traditional silicon components. The firm uses contamination-free technology to supply advanced sensors across sectors such as aerospace, automotive and quantum computing.

Paragraf has secured a £12.8m Series A financing round led by Parkwalk. The capital injection also drew participation from IQ Capital Partners, Amadeus Capital Partners, Cambridge Enterprise, and several angel investors. The proceeds will be directed toward product development as the company transitions into a commercial, revenue-generating entity.

The Cambridge-based firm has successfully advanced its initial phase, establishing a manufacturing facility and producing early device prototypes ahead of schedule. With this new backing, the business aims to bring its first graphene-based electronics products to the market, focusing on strategic volume production partnerships and commercialisation of its high-sensitivity magnetic field detector.

From the founder

"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."

Simon Thomas

CEO at Paragraf

Investor perspective

"Parkwalk has been impressed by the strong progress the management and company have made since the seed round and is delighted to lead this funding round. We believe that Paragraf is well-equipped to deliver the unique benefits of graphene to their customers and licensees, which in turn will enable transformative products."