Vorbeck Materials Corp. announced today that it has secured an additional $2.785 million in a fully subscribed series 2b financing, which was completed December 30, 2010.
Fairbridge Venture Partners and Stoneham Partners, L.P. led the round, along with individual investors. To date, the company has raised over $8.0 million in private investment.
Vorbeck will use the additional capital to expand sales of its Vor-ink™ conductive ink for printed electronics applications. Vor-ink, which is the world’s first commercial product using graphene, offers the printed electronics industry a highly conductive and flexible conductive ink at a cost well below competing silver-based inks.
With completion of this financing, rapid customer adoption of Vorbeck products, and approval by the EPA for the commercial sale of Vorbeck’s graphene-based conductive inks, Vorbeck Materials is poised for strong growth in 2011.