The round was led by Parkwalk and included investment from Draper Esprit, IQ Capital, Amadeus Capital Partners, Cambridge Enterprise (the commercialisation arm of the University of Cambridge) and Partners Investment Company.
Paragraf has said the additional funding will enable it to accelerate the delivery of its first graphene-based electronics products to market, transitioning the company into a commercial, revenue-generating entity.
The company says its patent-protected approach to graphene synthesis has enabled the company to develop some of the first graphene electronics devices using standard mass production scale approaches.
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.”
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.”
Paragraf’s first product delivered to market was a high sensitivity magnetic field detector. It says the technology provides operational capabilities over temperature, field and power ranges that no other device can currently achieve.
