FinTechFunding

LIGC: Raises $3M in Series A Funding

  • LIGC, an Israeli maker of Laser-Induced Graphene filters (LIG), raised $3M in Series A funding
  • Wuhan-based public listed company Hubei Forbon Technology Co. Ltd (300387.SZ) also made the investment
  • Then the company intends to use the funds to scale and manufacture its filters
  • Air filters are in airplanes, ships, schools, offices, and homes
  • The technology developed by Houston’s Rice University in partnership with Ben-Gurion University (BGU) of the Negev in Israel and licensed from BGN technologies
  • It utilizes graphene’s conductivity to run an electric current through the filter
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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