GamGraPhic, a Cambridge University spin out developing graphene-based photonics technology, announced a raise of £813,475 (over USD$981,000) from Wealth Club clients through the Enterprise Investment Scheme (EIS). Proceeds from the funding will be used to complete fabrication and testing of the demonstration devices.
This takes its total amount raised to £1.26 million, which has been raised through an equity funding round from existing and new investors led by Frontier IP and Wealth Club. A previous funding round, in September 2021, raised £1.6 million, valuing the company at £7.2 million.
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Photonics, Graphene investing and financials, Cambridge University