Avadain had previously demonstrated its potential by raising approximately $1.4 million through its initial offering on the Netcapital funding portal platform in 2022.
The firm is set to use the capital to continue its mission of growing its green, globally patented process for manufacturing a unique form of graphene. The company envisions the application of this groundbreaking graphene in a myriad of industries, positioning itself as a leader in high-growth sectors.
Avadain CEO Brad Larschan stated, “We were extremely pleased by the support we received from more than 1700 investors in our second capital raise through the Netcapital funding portal platform. Our investment story is about the disruptive market potential for our high-quality graphene, produced using our green, globally patented technology, and led by proven management and advisors. Our investment profile is resonating with investors, and we deeply appreciate the interest and confidence shown by our existing and new stakeholders.”
Netcapital is a FinTech firm which specialises in funding innovation. It’s backing aims to help recipients access new investment opportunities, and also build a portfolio of emerging private companies.
Netcapital CEO, Martin Kay echoed this sentiment, stating, “We are impressed by Avadain’s accomplishments, and look forward to what the future may hold for this company.”
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