Amadeus Capital et al. in £2.9m seed round for Paragraf
Venture capital firms Amadeus Capital Partners and IQ Capital Partners, alongside Parkwalk Advisors and some angel investors, have taken part in a ТЃ2.9m seed funding round for graphene technology development company Paragraf, a recent spinout from the University of Cambridge.
The funding round was led by Cambridge Enterprise, a wholly owned subsidiary of the University of Cambridge, responsible for the commercialisation of university intellectual property. Cambridge Enterprise provides access to early-stage capital and seed funds, and offers business planning and mentoring.
The fresh capital will be used by Paragraf to support the production of high-quality, large-area graphene on a commercial scale, delivered in device-compatible and functionally targeted forms. The funding will also support the development of graphene-based devices.
Company
Paragraf specialises in the production of two-dimensional materials, primarily graphene, a crystalline allotrope of carbon with high conductivity, strength, low weight and flexibility. It also develops graphene-based devices. Using a proprietary approach, the company has developed a commercial-scale method to produce functionally active graphene with properties targeted to its final device-specific application.
People
Amadeus Capital Partners – Hermann Hauser (co-founder).
Paragraf – Simon Thomas (co-founder, CEO); Colin Humphreys (co-founder, chairman).
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