PRESS RELEASE
27 January 2023

Withers Tech Advises On £8m Seed Investment Into Concretene

WL
Withers LLP

Contributor

Trusted advisors to successful people and businesses across the globe with complex legal needs
The Withers tech team has advised on an £8m seed investment into Concretene, a product developed by Withers tech client, Nationwide Engineering Research and Development...
United Kingdom

The Withers tech team has advised on an £8m seed investment into Concretene, a product developed by Withers tech client, Nationwide Engineering Research and Development, in partnership with the Graphene Engineering Innovation Centre at The University of Manchester.

The seed financing was led by leading European venture capital fund, LocalGlobe.

Concretene is a graphene-enhanced material that has been developed as a stronger and more sustainable product than traditional concrete. It acts similarly to normal concrete from the perspective of construction firms, meaning the implementation of Concretene is non-disruptive to the industry.

London partner Iain Cockburn, comments: "We are very grateful to have been given the opportunity to work with the phenomenal team at Nationwide Engineering Research and Development on this financing, which will allow for the further development of this new technology, which has the potential to transform the construction industry as it looks to build a more sustainable future."

Withers tech is the technology, life sciences and venture capital focused team at international law firm Withers. The Withers tech team was led by Iain, working alongside Richard Penfold (Partner, IP and Commercial), Yeji Lee (Associate, Corporate) and Richard Stebbing (Associate, IP and Commercial).

PRESS RELEASE
27 January 2023

Withers Tech Advises On £8m Seed Investment Into Concretene

United Kingdom

Contributor

Trusted advisors to successful people and businesses across the globe with complex legal needs

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More