9 days left on raise they doing very well in round
But are they doing well as a revenue generating business based on previous round claims for where they would be right now….
I am also very skeptical of companies who don’t close the round when they’re funded. I assume they had a good plan for the pitched amount, who’s to say they know what to do with 6x as much.
They’re looking for up to £2m. Whatever the approach regarding saying what they’re looking for, this is a great company with a true inventor (though not a scientist) at the helm.
Closing soon - Currently 671% funded!
To answer your question, no. They haven’t achieved the previous orijections yet.
In 2019 they projected a small profit in 2020 however they are yet to make much meaningful revenue aside from grant ibxone etc.
That said though, the opportunity of their products and patents is incredible.
The pivot towards an additional product line early part of last year to a graphene silver oxide ink that has been proven to be 99% effective in killing covid, has great potential imo. Imagine office building ventilation systems being able to say their systems catch and kill covid. The market could be huge and they are (apparently) in early stage commercialisation talks with suppliers.
Its absolutely not unheard of for crowdfunded companies to miss their projections by quite some margin.
Anyone remember freetrades first EU launch target
I’ve topped up my holding of this. After FT it’s the crowfunding investment I’m most confident about. They do seem to be doing well at finding new applications for their tech, and are already making money from it.
Only thing that’s slightly worrying is the lawsuit with a previous partner. GC reckons the other company has infringed their patents. I don’t know the details but if GC lose it could be costly. They have said stated that none of this crowdfunding money will be used for legal fees though.
There are some real concerns regarding respiratory issues with graphene. May be nothing but if it is something buyer beware ……
Info from graphene composites Web site
Bottom of Web page
WHAT IS GC INK™?
GC Ink™ is our patent pending graphene oxide/silver nanoparticle formulation that forms a virucidal layer on fabrics and surfaces.
HOW DOES IT WORK?
GC Ink™ works with a dual action, “trap-and-neutralize” nano-chemistry where graphene oxide and silver nanoparticles work together.
The negatively-charged surface of the graphene oxide traps water droplets and the protein spikes on coronavirus; the silver nanoparticles neutralize coronavirus by oxidizing the membrane that protects the RNA inside.
All this happens on the nano-scale – which makes it more effective. If you’d like the detailed scientific version of this, you can look at the Brown University report.
IS IT EFFECTIVE?
Yes, tests by Brown University have shown that GC Ink™ in liquid form is 100% effective against Human Coronavirus OC43 and Influenza A H1N1 viruses – in less than one minute.
Also, independent UK ISO tests on GC Ink™ treated fabric to determine antiviral activity on textiles have been certified to show at least 99% effectiveness against SARS-CoV-2 - tested according to ISO 18184:2019
IS IT SAFE?
Yes, an independent study by the UK Centre for Process Innovation (CPI) confirms no shedding of GC Ink™ particles in airflow tests of GC Ink™ treated filter materials - addressing toxicity concerns. The CPI study used over 20,000 sampling data points to measure particle shedding of GC Ink™ and found none.
We are preparing for the US Environmental Protection Agency (EPA) approval process, as well as the EU’s Biocidal Products Regulation (BPR) approval process, covering both effectiveness and safety, and we are obtaining International Standards Office (ISO) certifications for product applications.
WHY DID YOU DEVELOP GC INK™?
We developed the ink in response to the Covid-19 pandemic. Before the pandemic hit, we were working on a joint project with Brown University to develop a graphene oxide formulation to coat on clothing that would protect against mosquito bites – we significantly adapted and extended this formulation to protect against Coronavirus.
WHERE CAN GC INK™ BE USED?
GC Ink™ can be used as a surface treatment; it can be sprayed, dip-coated or otherwise applied onto filter materials where it can trap and neutralise airborne viruses and/or bacteria, or onto surfaces where it can leave a virucidal/germicidal layer of protection.
For manufacturing partners, we can supply trial production batches by April – provided that we agree NDAs and Heads of Terms with you beforehand.
We plan to be in large-scale production by the second half of this year.
HOW HAS GC INK™ BEEN TESTED?
GC Ink™ has been tested with the following independent testing labs:
- Virucidal efficacy on Human Coronavirus OC43 and Influenza A H1N1 viruses by Brown University, USA
- Antiviral activity on textiles according to ISO 18184:2019 by Virology Research Services (UK)
- Shedding of GC Ink™ particles in ventilation airflows by the UK Centre for Process Innovation (CPI)
- Pressure drop tests to measure the effect of GC Ink™ on filter materials on ventilation system
DOES GC INK™ KILL THE CORONAVIRUS?
Strictly speaking, coronaviruses are not considered to be living organisms, so GC Ink™ can’t kill something that isn’t technically alive. However, GC Ink™ is considered to be virucidal in that it has been shown to neutralise the ability of coronavirus to replicate.
WHAT KIND OF MICROBES DOES GC INK™ KILL?
GC Ink™ kills many kinds of harmful microbes including viruses and bacteria.
WHEN WILL IT BE READY?
GC Ink™ is ready for product applications in filters and wipes with relevant ISO 18184 certification and samples can be provided with relevant NDAs in place.
For product applications on consumer goods that are made from non-porous materials like plastic or glass, this will take longer for the relevant ISO 21702 certification testing to be done.
IS IT RECYCLABLE?
GC Ink™ can be used in recyclable materials such as cotton or viscose-based fabrics.
WHAT IS ITS CARBON FOOTPRINT?
The processes used to produce GC Ink™ – for example, mixing the key ingredients, spraying or dip-coating onto filters – consume relatively low amounts of energy and thus have a relatively low carbon footprint.
I’M A MANUFACTURER, HOW CAN I BUY IT?
We would work with you to apply our GC Ink™ to your product – so we would supply GC Ink™ to your facilities to be incorporated into your manufacturing process.
We can supply samples provided that we agree NDAs and Heads of Terms with you beforehand and provide large-scale production.
Sample product applications are on face masks and other PPE, on filters for ventilation systems, wipes and other healthcare/sanitation products, and on many consumer goods, like phones/toys etc.
I’M A RETAIL CUSTOMER, HOW CAN I BUY IT?
Unfortunately we can’t sell GC Ink™ directly to consumers; there are too many regulations that make it hard for us to sell it directly.
So, look out for the “GC Ink™” trademark and/or the GC logo on whatever product that you’re looking for (like filters etc).
the graphene company products sound very good
Currently 828% funded! One day left before close.
I might be wrong on this, but my impression of crowdfunding, and Crowdcube in particular was that many of these companies will have a soft and a hard target.
They definitely dont want to be seen to fail in terms of the headline initial raise or target amount, so they set the bar relatively low in terms of their own expectations, and possible substantially below their desired or hard target. They will also have a decent amount of firm commitments from the get go, so that the moment the funding opens they can be seen to be a decent way towards their target raise.
However, the desired raise amount might be a decent multiple higher than the target amount, so seeing this particular raise 6,7,8 times covered means it is going to plan for them.
This might well be teaching granny to suck eggs, so apologies if what I have said is not new news to you.
Hi @fishfinger - I’ve seeded a few companies but wouldn’t say that I’m a expert in the field. I would consider myself a finically conservative person and with that comes an expectation that when I invest in a company I want to know the capital is going to be used well.
In the case of Graphene Composits the current funding round is equivalent to all their entire assets. With 4 employees and the £200,000 target chosen to meet the cash flow target to bring GC ink to market with regulatory approval I worry the additional £1,500,000 might not have a clear target.
They’re an R&D focused company without approval in a relatively new field but a pitch deck that includes some basic financials isn’t too much to ask is it?
This is apparently their 11th funding round so more details on what objectives they set and how well they have delivered against those would be great if anyone has them.
Yes, but the intellectual property and the potential…
Yes, some companies come to Crowdcube already with a roll of money under their arm but some do fail to reach minimum funding on the platform. I think Graphine Composites have had a previous raise on Crowdcube so are already known to investors who have bought in previously. It’s no surprise that existing investors may want to top up if they feel that the company will do well and so the minimum threshold is passed early on. I think Brewdog have had 3 raises on Crowdcube and have reached their minimum quota within hours of their bid launching. Crowdfunding is exceptionally risky and investors shouldn’t expect to see any return in less than 3-5 years on their investment from what I have seen.
And who knows more about the potential? R&D specialising VC’s, Graphene Composits or joe public ?
They’ve not addressed their revenue strategy sufficiently from what I’ve seen. They won’t make Graphene themselves so will licence their patents and technology, this feels like an aqui-hire from someone bigger in this space. Hopefully with a nice exit for the CC funders.
Currently 908% funded! Last day before close
I thought they were interesting, but my knowledge of this field isn’t good enough, so I stuck in £20 to get updates. That got me 134 shares.