Grolltex Secures $600k Seed B Equity Financing Round

Grolltex, a San Diego, CA-based graphene materials and products manufacturer, recently closed an Internal Seed B round of financing, totaling $600k.

The round was entirely filled by existing shareholders at a valuation of $10M.

The company will use the funds to improve productivity as well as for general corporate purposes.

Led by Jeff Draa, CEO and co-founder, Grolltex is a nanotechnology materials, products and equipment company that uses patented research and technologies developed at the University of California, San Diego, to produce ‘chemical vapor deposition’ generated mono-layer graphene as well as on products made of graphene, such as solar cells, sensors, fuel cells and hyper-thin and flexible displays for use in wearables, smart phones and other electronics.



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