Directa Plus logoDirecta Plus has raised gross proceeds of roughly £0.2 million (almost $260,000 USD) through an open offer and £7.4 million (around $9.6 million USD) through the placing and open offer, before expenses.

The graphene specialist last month agreed to buy a majority stake in one of its oil services partners, Romanian firm Setcar, which Directa's CEO called "a transformational acquisition".

Setcar specializes in oilfield contamination and has been helping Directa Plus develop its Graysorber graphene-enhanced decontamination units since 2014.