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Netcapital Inc. (NASDAQ:NCPL, NCPLW))))) (the "Company"), a digital private capital markets ecosystem, today announced the successful completion of a $4.5 million capital offering by U.S.-based graphene technology company, Avadain, Inc., on the Netcapital funding portal platform. Avadain previously raised approximately $1.4 million through its first offering on the Netcapital funding portal platform in 2022.
Avadain CEO Brad Larschan stated, "We were extremely pleased by the support we received from more than 1700 investors in our second capital raise through the Netcapital funding portal platform. Our investment story is about the disruptive market potential for our high-quality graphene, produced using our green, globally patented technology, and led by proven management and advisors. Our investment profile is resonating with investors, and we deeply appreciate the interest and confidence shown by our existing and new stakeholders."
"We are impressed by Avadain's accomplishments, and look forward to what the future may hold for this company," said Netcapital CEO, Martin Kay.
Avadain is a Tennessee-based technology company with a globally patented technology to manufacture the type of graphene that it believes can be used in hundreds of applications across leading growth industries.
Posted In: NCPL
