£3.4m Series A funding boost for graphene electric tech group

UK-based graphene electronics technology company Paragraf has boosted its Series A funding round by £3.4m with Draper Esprit joining as an investor.

This is bringing the total funding to £16.2m. The round was led by Parkwalk and included investment from IQ Capital, Amadeus Capital Partners, Cambridge Enterprise, the commercialisation arm of the University of Cambridge and Partners Investment Company.

The additional funding will enable Paragraf to accelerate the delivery of its first graphene-based electronics products to market, transitioning the company into a commercial, revenue-generating entity.

Dr Simon Thomas, CEO and co-founder of Paragraf, said: “By accepting additional investment Paragraf is demonstrating its drive and commitment to rapidly productising its game changing graphene technologies, accelerating the timeframe in which these devices can be developed and, importantly, delivered to market.”

Paragraf’s patent-protected break-through approach to graphene synthesis has enabled the company to develop some of the first graphene electronics devices using standard mass production scale approaches.

David Cummings, partner at Draper Esprit, added: “Graphene is known to be a material with huge potential, but Paragraf’s approach takes this into the realm of the commercially possible.

“We’re delighted to be able to support this dynamic company in accelerating the delivery of its first graphene-based electronics products and are looking forward to working closely with them as they continue to develop their technology.”