Graphene investing and financials

Skeleton Technologies has announced the first close of a larger funding round at €33 million. This brings its total venture capital funding to €392 million in preparation for its planned initial public offering (IPO) in the United States in 2027.

The new round expands Skeleton’s investor base with the addition of Axon Partners Group, SmartCap, and Taiwania Capital. More investors will be announced as part of a larger round ahead of the IPO.

Graphenory, a Japanese startup that develops optical devices using graphene, has announced that it has completed a seed round of funding totaling approximately ¥240 million (over US$1.5 million). Investors include SBI Investment, Keio Innovation Initiative, Mobile Internet Capital, Mizuho Capital, Fidea Capital, and Deepcore. Additionally, the company announced that it has completed the Keio University Startup Incubation Program (KSIP).

Graphenory is developing optical devices such as infrared light sources, analytical sensing, and optoelectronic fusion devices utilizing graphene materials, based on the research of Professor Hideyuki Maki from the Faculty of Science and Technology at Keio University. According to the company, its business areas span a wide range, including the semiconductor industry, information and communication, data centers, AI-related fields, quantum technology, and bio-medical sectors.

First Graphene (FGR) has announced it has entered a binding Asset Purchase Agreement to acquire all manufacturing, intellectual property and development assets of Ionic Industries and its subsidiary Imagine Intelligent Materials. FGR views this acquisition as a strategic and cost-efficient opportunity to integrate advanced graphene coatings technologies developed over more than a decade of research and commercialization activity.

Following a comprehensive due diligence process, First Graphene identified strong technical and commercial alignment with the Companies' graphene formulation platforms, which have already demonstrated successful application across multiple real-world use cases. Under the Agreement, First Graphene will acquire production infrastructure, intellectual property, and established sales and distribution channels for a total consideration of AU$250,000 (around US$180,000) in cash and shares.

Argo Graphene Solutions has announced a non-brokered private placement offering, for aggregate gross proceeds of CA$500,000 (over US$360,000). The offering will have an over-allotment option for up to additional gross proceeds of up to $75,000 (almost US$56,000).

The Company plans to use the proceeds of this offering for general working capital purposes and to continue its research and development of its graphene products.

Adisyn has reportedly secured firm commitments to raise AU$14 million (over US$10 million) through an institutional placement, backed by major investors following two key technology milestones in its graphene semiconductor and defense programs.

The raise was cornerstoned by one of Australia’s largest institutional investors, Regal Funds Management and Meitav, Israel’s largest investment house and led by Sandton Capital Advisory. Regal manages more than $20 billion, while Meitav manages about $190 billion in assets, with both investors bringing experience across technology and defense sectors. 

Black Swan Graphene has announced that it has completed the acquisition of Falpaco Rubber and Plastic Inc. ("Falpaco"), a Québec-based manufacturer specializing in the custom molding of plastic and rubber components, for total consideration of CA$12.7 million (around US$9.2 million).

The Acquisition represents a key step in Black Swan's strategy to accelerate the commercialization of graphene products by vertically integrating downstream manufacturing capabilities and moving closer to end customers. By combining Black Swan's proprietary graphene materials and formulation expertise with Falpaco's injection molding know-how, customer relationships, and industrial scale, the Company believes it is uniquely positioned to shorten development cycles and transition more rapidly from product validation to commercial adoption.

Italy-based Directa Plus has announced a significant organizational update as it enters a period of financial and operational uncertainty. Trading of the company’s shares on AIM has been suspended while it works to clarify its funding position and assess next steps.

The company has been seeking new funding arrangements to extend its limited cash runway, and has warned that, without securing additional backing, it may ultimately have to move towards administration. In parallel, Directa Plus will work with corporate restructuring advisers to protect stakeholders’ interests and support an orderly process.

The European Commission has approved a €211 million Italian state aid grant for CamGraPhIC to develop photonic optical transceivers based on graphene. 

The EU statement stated that the technology can be used across sectors including automotive, telecommunications, aerospace and defense. The project will be carried out in Pisa in Tuscany and in Bergamo in Lombardy. The work will involve collaborations with universities and research and technology organizations.

Haydale Graphene has announced that its SaveMoneyCutCarbon platform has expanded its partnership with Wave Utilities into an exclusive multi-year framework expected to deliver at least £1 million in recurring annual revenue.

The agreement makes SaveMoneyCutCarbon Wave’s exclusive external delivery partner for water-efficiency audits and gives it right of first refusal on funded water-efficiency projects. Haydale said the deal embeds the business in Wave’s national rollout and builds on an existing three-year schools program that began in 2025.

NanoXplore has shared an optimistic update with shareholders, as President and CEO Rocco Marinaccio marked his first 120 days in the role. Marinaccio emphasized the company’s strengthening fundamentals, significant commercial traction, and accelerating path toward large‑scale graphene adoption.

Over the past four months, NanoXplore has secured new agreements with Club Car, Volvo Trucks, and Chevron Phillips Chemical (CPC) - partnerships that highlight the widening scope of graphene-enhanced materials across transportation, recreational mobility, and energy sectors.

• Club Car partnership: Marks NanoXplore’s entry into the recreational vehicle market, supported by a new manufacturing facility in Statesville, North Carolina.
• Volvo Trucks: An additional CA$10 million (around US$7.2 million) award brings NanoXplore’s near-term revenue pipeline to about $50 million.
• Chevron Phillips Chemical (CPC): A multi-year deal for NanoXplore’s Tribograf™ graphene powder for oil and gas applications. With an estimated market potential of 70,000 wells annually (averaging 2 tonnes of powder per well), this collaboration could open large commercial pathways for graphene use in drilling fluids and wear reduction.