Molten participated in the round – led by New Science Ventures, a US deep tech investor – alongside its fellow current investors Parkwalk and Amadeus Capital Partners, as well as new investors British Patient Capital through its Future Fund: Breakthrough, and IQ Capital.
Dr Simon Thomas, CEO and Co-founder of Paragraf, said:
"Our increasing desire for continually improving electronic device performance paired with the absolute necessity to reduce our power requirements, and hence carbon footprints, demands new technology solutions - next generation materials will be at the heart of this. At Paragraf we are proud to be leading the way, bringing the first 2D material, graphene, into the electronic product supply chain, through our first products, allowing its transformational, game changing properties and benefits to be harnessed."
Commenting on the announcement, David Cummings, Partner at Molten Ventures added:
“Graphene has an extraordinary future but Paragraf is unique in its development of a practical method to produce high-quality graphene that can satisfy the pent-up demand for the material. Its approach allows for a high degree of flexibility in the properties of the graphene that it produces, which allows it to create new devices of its own and for its partners.
“Backed by an impressive, highly technical team, it is developing significant commercial applications from its world-class research and patented IP. We are delighted to continue our backing of Paragraf and look forward to the next stage of its growth journey.”