iGii secures £22.7m as it targets the next industrial revolution in advanced materials

iGii, the deep tech advanced materials company behind the proprietary carbon nanomaterial Gii, today announces £22.7 million in new funding to accelerate the commercialisation and industrial adoption of its technology. Grown rather than mined, Gii can perform across many different applications and industries, giving manufacturers a high-performing material platform from which to differentiate their next generation of products.

The round comprises an £11.7 million Series B investment led by the Scottish National Investment Bank (“The Bank”), with additional backing from PXN Group and Archangels, alongside £11 million funding from Scottish Enterprise.

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