Graphenea has received a $1.36 million investment (€1 million) from Repsol Energy Ventures in co-investment scheme with CDTI Innvierte venture capital fund.
The investment is structured as a capital increase that reinforces Graphenea’s equity and capability to lead the emerging graphene production industry. The funds will be used to accelerate its business plan towards industrialization.
Cientifica – formerly Avia Health Informatics – posts operating and pre-tax losses of £73,892 for the six months to the end of September, down from £239,234 last time.
Chief executive Tim Harper said: “These results are not relevant to the on-going business. Following the restructuring in October we believe we now have the platform in place to build a substantial business based on generating revenue and profits from applications of graphene.