Graphmatech, a Swedish materials technology startup that develops and sells novel graphene-based nanocomposite materials and services, has closed a seed investment round led by ABB Technology Ventures (ATV), the venture capital arm of ABB, and Stockholm-based Walerud Ventures. Three other investors participated in the round.
Graphmatech has invented and patented a technology to ensure the separation of graphene flakes during the graphene production process, called Aros Graphene: a powder that can be dissolved in water, oil, plastics or metals, utilized to coat surfaces or 3D-printed without loss of graphene’s properties.
Graphmatech is ABB Technology Ventures’ (ATV) second Swedish investment. Malin CarlstrÃ¶m, who will represent ATV on the board of Graphmatech, says: From day one, we have been impressed by the founding team and the properties of Aros Graphene. Graphmatech is building upon solid foundational research and its potential application areas have sparked great interest across the ABB organization, resulting in a number of promising collaboration projects. And that’s where ATV really shines: providing much more than just capital.