Surrey NanoSystems – Follow on investment

Parkwalk are pleased to announce a follow on investment into Surrey NanoSystems by the Parkwalk Opportunities EIS Fund and a Parkwalk Syndicate.

Spun-out of the University of Surrey in 2006, Surrey NanoSystems has raised around £8m in equity funding to date as well as substantial non-dilutive grant funding. Parkwalk made its first investment in 2012.

Surrey NanoSystems produces nanostructured materials such as carbon nanotubes (CNTs) and graphene using its proprietary low-temperature synthesis technology. This low-temperature synthesis capability, realised using specialised, custom-built equipment, enables these “wonder materials” to be used in real-world applications, where conventional synthesis temperatures would otherwise be too high.

Using this technology, the Company developed Vantablack®, launched at the Farnborough International Air Show in the summer of 2014. Vantablack® is revolutionary in its ability to be applied to light-weight, temperature-sensitive structures such as aluminium whilst absorbing 99.96% of incident radiation, believed to be the highest-ever recorded.

The company’s website can be viewed here.