£5.3M
The funding round was backed by Par Equity, Mercia Asset Management, and The Northern Powerhouse Partnership.
A venture capital firm investing in innovative early-stage companies.
The funding round was backed by Par Equity, Mercia Asset Management, and The Northern Powerhouse Partnership.
The Series A round was led by Par Equity to help fund a new Edinburgh centre of excellence.
Par Equity leads the funding round to support team expansion and technology launch.
The Stirling-based materials company will expand its production footprint and workforce after closing its latest investment.
"This investment marks a real tipping point for Integrated Graphene and the manufacturing of our unique 3D Graphene foam in its first two market-ready products. By investing now, we will be ready, this year, to produce millions of units per annum from a new facility in Stirling and to transfer the technology at scale to global partners in the future."
The investment will support the rollout of the Aveni Detect platform across financial services and utilities in the UK.