Harvard Business School Alumni Angels (HBSAA) and Netcapital hosted Avadain at a Boston reception on Oct. 5 to introduce existing and prospective investors.
“This was a terrific opportunity to meet some of our existing investors and speak with prospective investors,” said Brad Larschan, Avadain’s CEO. “The Boston area has one of the highest concentrations of Avadain investors, thanks to HBSAA.”
Autumn was in the air as Brad and Avadain’s Chief Commercial Officer, Phil Van Wormer, met many loyal supporters and listened to their ideas and suggestions.
“I’m very excited about Avadain and the investment opportunity graphene offers,” Andrew Knott, an HBSAA member, explained. “HBSAA members have invested around $700,000 in Avadain and we are excited to be a part of Avadain’s journey.”
Backed by Panasonic since 2017, Avadain has a green, globally patented technology to manufacture large, thin, and nearly defect free (LTDF) graphene flakes. Graphene is the most disruptive material ever discovered. It is the lightest, strongest, thinnest, best thermal, and electrical-conducting material known. LTDF graphene is 200x stronger than steel, yet it is flexible. Regular paper is 1,000 times heavier than graphene. It has 1,000,000x the current density of copper and 100x the electron mobility of silicon.
Graphene is an additive material. A tiny amount can enhance thousands of products, and make possible a whole new generation of durable, sustainable products.
“Investors here have appreciated the opportunity to hear about the impressive progress Avadain has made this year,” added Phil Van Wormer, Avadain’s chief commercial officer. “We’ve been hitting our milestones and we’re looking forward to a breakout year in 2024.”
Avadain will license its platform technology to advanced materials companies and chemical manufacturers. In turn, these companies will produce and supply tons of graphene to high tech/high value industries, enhancing thousands of products.
Avadain recently signed a letter of intent with an advanced materials company to become the first manufacturer of Avadain’s LTDF graphene.