Paragraf, a UK graphene technology development company, a recent spin out from the University of Cambridge, closed a £2.9m seed funding round.
The round was led by Cambridge Enterprise, the commercialization arm of the University of Cambridge, with the participation of Parkwalk Advisors, Amadeus Capital Partners, IQ Capital Partners and angel investors.
The company intends to use the funds for the development of its first major products.
Led by Prof. Sir Colin Humphreys, Chairman and Co-Founder, and Dr Simon Thomas, CEO and Co-Founder, Paragraf focuses on the production of two-dimensional materials, primarily graphene, and the development of electronic devices based on these materials.
The company has already produced layers with electrical characteristics optimized for producing very sensitive detectors at commercial scale and improved efficiency contact layers for common technologies such as LEDs. Devices will target markets including transistors; chemical and electrical sensors; and novel energy generation devices tapping into kinetic and chemical green energy sources yet to be exploited by any other technology.