UK-based graphene technology company Paragraf has announced the close of its £12.8 million (over $16 million USD ) Series A round led by Parkwalk. The round also included investment from IQ Capital Partners, Amadeus Capital Partners and Cambridge Enterprise, the commercialization arm of the University of Cambridge, as well as several angel investors. The funding will aim to see Paragraf’s first graphene-based electronics products reach the market, transitioning the company into a commercial, revenue-generating entity.
Paragraf sets out to deliver IP-protected graphene technology using standard, mass production scale manufacturing approaches, enabling step-change performance enhancements to today’s electronic devices. The company’s first sensor products have reportedly demonstrated order of magnitude operational improvements over today’s incumbents. Achieving large-scale, graphene-based production technology may enable next generation electronics, including vastly increased computing speeds, significantly improved medical diagnostics and higher efficiency renewable energy generation as well as currently unachievable products such as instant charging batteries and very low power, flexible electronics.