Vorbeck materials has secured investments totalling $10 million in the latest round of a fully subscribed series three funding, proving that the company’s innovations in the graphene marketplace continue to impress. Three investors, Black Powder, LLC and Fairbridge Venture Partners, LP proved dominant in the latest approach for funds, which included 15 additional investors.
The investments will enable Vorbeck to continue its work on new materials technology and should hopefully lead to the development of some inspired design ideas. The company is currently a leader in the manufacture of single sheet graphene and the first company in the world with graphene-based products in the market. As such Vorbeck can be said to be not only the market leader but the whole graphene product market entire. With the additional distinction of being the only company to have received EPA approval for the commercial production and sale of graphene-based products it will be some time before those companies that are following Vorbeck’s lead ever catch up.
Vorbeck will use the financing to expand sales of Vor-ink™, Vorbeck’s graphene-based conductive ink for printed electronics. Vor-ink™, the world’s first commercial product using graphene, is enabling new mass-market applications in highly conductive and flexible electronics for security, medical diagnostics, building infrastructure and aerospace.
Vorbeck and MeadWestvaco, the global packaging company, recently won the IDTechEx Product Development Award for the best new product in printed electronics for their work developing the Siren™, anti-theft packaging incorporating Vor-ink™ circuitry. Packages using the Siren™ device are on the shelves of major retailers today.