iGii raises £8.8m to boost growth and jobs

The company will also use the funds to accelerate customer projects, increase its manufacturing capacity, and increase its research and development to explore further applications of its patented Gii material.

The funding round was led with £4m from the Scottish National Investment Bank (the Bank), with a further £4.8m coming from existing iGii shareholders Archangel Investors and Par Equity.

iGii’s patented innovation, Gii, is a 3D foam made from carbon atoms. It is said to combine the desirable physical properties of graphene, such as sensitivity, flexibility and conductivity, without its scale-up and mass application challenges.

The funding will help iGii scale manufacturing of Gii-Sens, the company’s highly sensitive and accurate component for point-of-care diagnostic sensors. This application of Gii is experiencing strong demand globally due to its ability to deliver precise, laboratory-level results for illnesses and indicators of illness, including cancers, pathogens and liver and heart failure.

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The company will also deepen its R&D into other applications of Gii, targeting improved performance for water and food quality sensors, agricultural sensors, and battery storage.