# Graphite Innovation and Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/graphite-innovation-and-technologies

- Industry: Chemicals
- Headquarters: Nova Scotia, Canada
- Website: www.grapheneenterprise.ca
- Total disclosed funding: $4.5M
- Latest round: Series A (Apr 13, 2023)
- Investors on record: 6

## About

Based in Delaware, US, and founded in 2016, Graphite Innovation and Technologies Ltd. operates as a manufacturer of marine coating systems and EEXI (Energy Efficiency eXisting ship Index) compliance solutions. In April 2023, the firm raised CAD 10 million in series A funding led by investor BDC Capital, with participation from other investors Farvatn Capital, Invest Nova Scotia, Melancthon Capital, Seventure, and Stolt-Nielsen Limited. The firm as of April 2023, is led by its CEO, Mo AlGermozi.

The company provides eco-friendly maritime shipping coatings that assist vessel owners and operators in increasing hull and propeller efficiency, delivering significant fuel savings, and lowering GHG (Greenhouse Gas) emissions when compared to existing coating. The coatings used by the company help reduce biofouling and drag on food-safe aquaculture goods. Furthermore, the organization assists vessel owners in improving their Carbon Intensity Index (CII), which is a measurement of energy efficiency and emissions per vessel.

The firm intends to use the April 2023 fundraising to increase its marine coatings manufacturing capacity, expand its global client base, further invest in the development of coatings, and form strategic alliances to accelerate commercialization.

## Funding rounds

- Series A, Apr 13, 2023, $4.5M — BDC Capital, Seventure Partners, Stolt-Nielsen Limited, Planet 9 Venture, Invest Nova Scotia, Melancthon Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Seventure Partners (https://capitalatlas.ai/funds/seventure-partners) — Series A
- Stolt-Nielsen Limited — Series A
- Planet 9 Venture — Series A
- Invest Nova Scotia — Series A
- Melancthon Capital — Series A