Scottish advanced materials firm iGii secures £22.7m growth funding
Scottish advanced materials company iGii has secured a £22.7 million funding package to accelerate the commercialisation of its carbon nanomaterial technology and expand its work with global manufacturers.
The package combines an £11.7 million Series B investment, led by the Scottish National Investment Bank with backing from PXN Ventures and Archangels, and £11 million from Scottish Enterprise.
Funding targets move from research to commercial production
iGii has spent the past decade developing Gii, its proprietary three-dimensional porous carbon nanomaterial.
The company says it can now manufacture the material consistently at industrial scale, moving the business beyond research and development and towards wider commercial adoption.
Gii is grown using an automated process at room temperature rather than being mined or compounded. The technology is being developed for applications including:
- sensing and diagnostics
- energy storage
- flexible printed battery electrodes
- industrial monitoring and manufacturing
The new funding will support further technology development while helping iGii turn existing relationships with large manufacturers into longer-term commercial supply agreements.
Team expected to grow to nearly 70
The investment will also support further recruitment.
iGii currently employs 55 people, including 17 PhD-qualified staff, and expects its workforce to reach nearly 70 by the end of 2026.
The company was founded in Scotland and is now entering its tenth year, having spent much of that period developing both the material itself and the manufacturing processes required to produce it reliably at scale.
Chief executive Jean-Christophe Granier said the latest investment would allow iGii to accelerate commercialisation and work more closely with major manufacturers.
Scottish investors back next stage of growth
The funding brings together public and private capital.
The Scottish National Investment Bank is leading the £11.7 million equity round, while PXN Ventures and Scottish angel investment group Archangels are also participating.
Scottish Enterprise is providing a further £11 million to support technology, manufacturing, commercial development, and expansion of the company’s workforce.
For iGii, the next phase is less about proving that its material works and more about turning that technology into products that can be manufactured and supplied at commercial scale.
That transition is a common challenge for deep-tech businesses, where years of research can be required before a technology reaches the point where major industrial customers can adopt it.
iGii says its focus over the next 12 to 24 months will be on progressing existing customer relationships, expanding its technology platforms, and increasing commercial adoption of Gii.
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