Avadain has increased the cap on its ongoing Regulation Crowdfunding (Reg CF) round to $3.75 million following strong early investor demand, positioning its LTDF graphene as a domestic alternative to critical minerals largely controlled by China.
The Memphis, Tennessee company reported raising $1.7 million on the first day of the round and $2.5 million within two weeks, reaching its original cap. The ceiling was subsequently raised to $3.75 million to accommodate continued interest, reflecting growing investor attention ahead of the expected expiration of a temporary US-China minerals trade truce later this year.
Avadain states that its proprietary LTDF graphene can replace or reduce reliance on several key materials that face supply constraints due to China’s dominance, including silver in printed electronics, mined graphite in battery anodes, and cobalt content in lithium-ion batteries. The company also says its graphene can enhance the performance of existing critical minerals while enabling a supply chain independent of Chinese mining and refining.
The company’s strategy focuses on licensing its patented manufacturing process to established chemical producers in order to scale production quickly across the United States. Kansas City-based Harcros Chemicals is the first partner to sign an agreement to manufacture LTDF graphene.
Avadain has raised more than $20 million to date through a combination of dilutive and non-dilutive funding, including over $13 million via crowdfunding from more than 3,500 investors. The company is also reportedly in discussions with US federal agencies to accelerate the deployment of LTDF graphene production capacity as supply chain concerns intensify.
