CamGraPhIC was spun out of the University of Cambridge to develop graphene-based photonics for high-speed data and telecommunications, which are seen in the telecoms industry as key enablers for 5G technologies.
CamGraphIC, which is the second graphene spin-out from Cambridge University the intellectual property commercialisation company has backed, says it is working with partners to fabricate proof-of-concept sample devices.
These loan notes, which comprise amounts that have been advanced by Frontier IP to CamGraphIC between 13 January and 24 June of this year, are interest-bearing, have a three-year term and have 100% warrant cover.
In total Frontier IP has advanced £1.05mln to the Cambridge company, including advanced amounts totalling £210,000 under previous loan agreements, and holds a 26.7% equity stake.
“Frontier IP believes CamGraphIC is making good progress both in executing its business plan and raising a larger equity funding round, having recently completed its first equity fundraising of £608,985 in June this year.
“The COVID-19 pandemic has highlighted the increasing need for robust data infrastructure and communications, emphasising the relevance of the company's technology,” Frontier said.