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Status: Active

1 days

planarTECH is an engineering company founded in 2014 as a provider of process equipment for the growth and characterisation of graphene and other emerging 2D materials. Its core product line is the planarGROW Chemical Vapor (CVD) system. The company has the ability to deliver scalable production systems that allow lower-cost production of graphene in comparison to other options currently available in the market. Moreover, from 2014 to 2019, the company’s cumulative revenues exceeded £5 million. The company's products have been installed and used by faculties and students at prestigious universities like Stanford University (USA), IIT- Bombay (India), Deakin University (Australia), and many others. From the investment, the company will utilise 45% as working capital, 30% in Capital Expenditures (CAPEX), 15% in R&D and 10% in hiring additional staff.

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planarTECH Rating Report

Rated on 13/04/2020

Pitch Rated

47%

Insufficient Data

Management

70%

Product

70%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

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What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 70%

Skills 73%
The founder of the company is skilled in business development, strategic marketing, sales/partner management, B2B, market-entry, start-ups, new technology commercialisation, project management and contract negotiations. The chairman of the company has a demonstrable track record of commercial insight across the full business lifecycle from start-up to flotation. The sales and marketing head is a business development professional skilled in Customer Relationship Management (CRM), Go-to-market Strategy, Mobile Applications, Professional Services, and Software as a Service (SaaS). It was also noted that they have not appointed a dedicated finance head.


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Funding progress



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pledged: 0% days to go: Extended investment: Unknown

  • £417,627
    pledged
  • 119%
    of goal

    £350,007
    target

    £5,250,000
    pre-money valuation

    6.25%
    equity available

    710
    investors

    £588
    pledge per investor

    12397187
    company number

    Active
    company status

    10/01/2020
    incorporated 5 months

    Equity Calculator
    Investment
    £
    Equity
    %
    Funding rounds
    30 Mar 20 Seedrs £417,627 / 119% 46.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph