Dotz Nano, a nano-technology company focusing on the development, manufacture and commercialization of graphene quantum dots (GQDs), recently announced that it has completed a capital raising for proceeds of AUD $3.8 million (almost $3 million USD) before costs.

The Placement was reportedly heavily oversubscribed, with settlement of the Placement to occur in two tranches. The funds will be used as working capital to fund the Company’s commercialization activities.