iGii secures £22.7m in funding from Scottish National Investment Bank, Archangels, and PXN, plus £11m grant from Scottish Enterprise for expansion.
Amount Raised
£22.7 Million
Round Type
Angel
Investors
Description
iGii, formerly known as Integrated Graphene, has secured £22.7m in new funding as part of a latest investment round. The Scottish National Investment Bank is investing £4m alongside existing investors Archangels and PXN, while Scottish Enterprise is providing an £11m grant. The company plans Scottish expansion and aims to deepen relationships with tier-one multinational organizations for commercial deployment of its proprietary Gii material, a three-dimensional carbon foam with applications in healthcare, environmental monitoring, batteries, and smart packaging.
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