Paragraf, a Cambridge University graphene spin-out that focuses on the production of graphene and other 2D materials and the development of devices based on these materials, has announced the closure of a second tranche within its seed funding round.
In September 2017, Paragraf closed a £2.64 million seed round to support the development of its first major products. 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, Martlet, the investment arm of Marshall of Cambridge Group, and a small group of angel investors. Now, a second tranche was closed, raising an additional sum of £260,000.
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.