iGii

Scottish advanced carbon nanomaterials company iGii has raised £22.7 million in new funding, including an £11.7 million Series B round led by the Scottish National Investment Bank alongside £11 million from Scottish Enterprise, to accelerate the commercialisation of its proprietary material, Gii.

Summary of transaction details:

• Value: £22.7 million
• Sector: DeepTech & AI
• Advisor: Not disclosed
• Key Entities: iGii, Scottish National Investment Bank, PXN Ventures, Archangels, Scottish Enterprise
• Location: Scotland, United Kingdom

Note: The funding package will accelerate the industrial scaling of Gii, providing a scalable and sustainable alternative to constrained raw materials such as platinum and gold across diagnostics, sensing, and energy storage.