General Graphene Corp. secures $8.7 million investment

Startup funding network Angel Capital Group (ACG) is making a $8.7 million investment in Oak Ridge-based advanced materials startup General Graphene Corporation, an undertaking by a major entrepreneur in the Tennessee region.

The funding will allow GGC to produce the machine that will then in turn make the graphene. The first prototype will be built in Oak Ridge and enter pre-production. ACG and a syndication partner have extended General Graphene a term sheet for the entire round, and it will be completed by the end of the month.