Introduction
Avadain began with a revolutionary material with the potential to transform manufacturing, defense, AI, mobility, semiconductors, and energy. Today, we have a working full-scale reactor, companies validating our graphene, a manufacturing licensee on board, globally granted patents, and mutli-bilion dollar markets only our manufacturing technology can serve. This Offering is planned to fund the next phase of scaling production and pursuing revenue opportunities across high-value industries.

A Nobel Prize-winning material, graphene is the thinnest and strongest known material, with exceptional electrical and thermal conductivity, while being nearly transparent, flexible, and light.

Graphene is an additive material. Adding a tiny amount of large, thin, defect-free (LTDF) graphene can transform thousands of products by making them more electrically and thermally conductive, as well as conferring strength, flexibility, and durability.
- Strength (150,000,000 psi) – 200x stronger & 100x more tear resistant than steel
- Flexibility – highly bendable
- Thin – 1 million times thinner than a sheet of paper
- Light – 1 gram sheet would cover a soccer field
- Electronic properties – electrons move through graphene at close to the speed of light
- Electron mobility – graphene has an intrinsic electron mobility that’s 100 times greater than silicon, which means it’s an incredibly efficient means of moving more electrons faster
- Heat conductivity – best material for conducting heat
- Electrical conductivity – nearly perfect conductor, with one million times the power density of copper
- Transparency – transmits 97% of light (glass window transmits 80%-90%)
- Impermeability – enables water filtration and purification
- Melting point – highest melting point of any material in a vacuum
Platform to Transform Many Major Industries
Manufacturers blend trace amounts (typically 0.05%-1%) of LTDF graphene into existing materials and processes. While the amount needed is tiny, its impact is HUGE and can play a vital role in improving high value products in many industries, including aerospace, defense, energy storage, drones, thermal management, EMI shielding, advanced composites (for automotive, industrial, and consumer products), AI, semiconductors, sensors and multifunctional materials.

Problem
It is extremely challenging to manufacture LTDF graphene.
Industry is forced to work with suboptimal materials
Today, companies are forced to work with lower quality materials: graphene oxide, reduced graphene oxide, nanoplatelets, particles/powders, and graphitic material. That’s why the increasing number of commercially available graphene materials are for lower value applications.
No industrial volumes of LTDF graphene flakes
Tens of billions of dollars of high-value products don’t have access to high quality graphene. They can’t enter the market until a source for industrial volumes of LTDF graphene flakes exists at an acceptable price.
Solution
Avadain developed a modular, scalable process to manufacture LTDF graphene flakes from graphite. We use optimized Electrochemical Exfoliation and Expansion to preserve graphite’s natural, large lateral surface area.
Quality Is Critical
Avadain's process does not introduce defects while manufacturing flakes that are both larger and thinner, averaging 25+ µm² in lateral surface area and ≤5 atomic layers thick.
Industry Needs Tons of High-Quality Flakes, Not Grams
Avadain's modular, scalable and safe process is targeted to produce an initial 2 metric tons per production line per year.
This is the breakthrough industry has waited on: a way to produce structural-grade graphene in the volumes manufacturers need for thousands of high value, high performance applications.
GEORGE GILDER SAYS AVADAIN IS A "SIMPLY IRRESISTIBLE" INVESTMENT OPPORTUNITY
Legendary stock picker, economist and tech guru George Gilder says graphene could fuel an $11 trillion market opportunity. Gilder says graphene "could make some investors very rich very soon." And, he recommended buying Avadain stock, which he describes as "simply irresistible."

In Gilder’s Private Reserve, he says: "We recommend a company with a business model we love as much as we love its technology. And we love its technology a lot. PLUS the path to investing via a Reg CF (yes, it actually stands for Crowdfunding) online offering is blissfully smooth."
Hear George Gilder in his own words as he discusses graphene: The $11.5 Trillion "Miracle Sheet."
Gilder is not alone.
During Avadain’s first crowdfunding round, First Stage Investor set out to find a once-in-a-generation company. They chose Avadain. Here is what convinced them. Avadain does not build factories. It licenses its process to manufacturers, which is how a lean company can reach a market measured in tens of billions of dollars.
Near-Term Use Cases Are Enormous
- Composites – engineered materials that combine multiple substances to create lighter, stronger, and higher-performance products – may account for as much as half of all LTDF graphene used in commercial applications, including aircraft components, automotive body panels, sporting goods, industrial equipment, consumer electronics, and next-generation infrastructure materials.
- Trillions of dollars are being invested in revitalizing America’s manufacturing base. LTDF graphene can make American manufacturing more competitive, and American-made products better and longer lasting.
- The US Government is prioritizing finding ways to lessen America’s dependence on foreign sourced critical minerals. Studies from around the world indicate LTDF graphene can be used to reduce the need for, replace or amplify many of these critical minerals. This is a multi-billion dollar market opportunity.
- America’s soldiers deserve the best platforms and weapons. We are in discussions in Washington around Avadain’s LTDF graphene as the next big advance in materials for America’s armed forces.
One key near-term use is leveraging LTDF graphene’s amazing properties in place of critical minerals.
The United States imports the majority of its critical minerals – cobalt, rare earth elements, lithium, and others – with China controlling processing and supply chains for many of them. That dependence runs straight through the heart of key American industries: defense, energy storage, EVs, semiconductors, and aerospace. LTDF graphene overcomes this problem from a different direction. Rather than seeking new sources of scarce materials, it reduces our reliance on them.

Avadain’s LTDF graphene has the potential to reshape the U.S. critical minerals landscape in the short term – a tens-of-billion-dollar annual market.
For more information on LTDF graphene to lessen dependence on foreign-sourced critical minerals click here.
Validation. Traction. Milestones.
Validation
Independent testing shows how LTDF graphene is different:
- Thermal conductivity. At a loading of just 0.05%, LTDF graphene raised thermal conductivity by 204%, well past conventional graphene nanoplatelets at 130% and the other forms tested (reduced graphene oxide 98%, functionalized graphene nanoplatelets 90%, graphene oxide 89%). The payoff: a trace amount added does the work, so the cost per use stays low, and it lands squarely in the market that needs it most, pulling heat off the chips and servers behind the AI buildout.
- Corrosion and abrasion. LTDF graphene coatings cut salt-fog corrosion by an average of 93% and improved abrasion resistance by 52%. For buyers in defense, marine, and infrastructure, that means equipment stays in service well past its normal life and costs less to maintain, a real dollar saving on assets that are expensive to repair or replace.
- Friction and wear. Added to motor oil, LTDF graphene lowered the friction coefficient by up to 42% and dropped the wear rate by 81%. Engines and machinery run cooler, burn less fuel, and go further between overhauls, the everyday result that gives lubricant makers a reason to pay for an additive that performs.
- Concentrated dispersions. Avadain has formulated dispersions 40 times more concentrated than the industry standard. Customers move and store a fraction of the liquid to deliver an equal amount of graphene, which makes the material far easier to blend into their own products. The result is lower freight costs and a shorter path to adoption.
- National-security demand. Published research keeps reaching the same conclusion: LTDF graphene can
- Make drones lighter, more durable and stealthier
- Supercharge advanced energy storage
- Create next-generation body armor & ballistics
- Lessen U.S. dependence on imported critical mineral
Traction
- A full-scale modular reactor is producing LTDF graphene with consistency batch after batch.
- Avadain is providing samples to companies testing LTDF graphene in their own applications.
- Harcros Chemicals signed on as Avadain's first manufacturing licensee.
- The pilot plant is under construction.
- The technology is defensible: a moat of 58 issued patents across 39 countries, with more pending.
Milestones

Business Model
Avadain is pursuing a capital-light business model based on licensing the only known technology capable of producing industrial quantities of LTDF graphene flakes.
Note: Avadain is in the pre-revenue stage. These forward-looking statements are not guarantees of future performance and involve a high degree of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the control of the Company and its management.
Our licensing model enables rapid, flexible scaling to meet the forecasted explosive demand from industry and government. Driven by our experienced management team, Avadain plans to license its technology to:
- Advanced materials manufacturers and chemical companies. These companies have the technical expertise, people, facilities, and customer contacts to support manufacturing, marketing, and sales of LTDF graphene flakes.
- Niche graphene materials manufacturers (various industry verticals). Most graphene companies are focused on making graphene-enhanced products. Avadain’s technology offers these companies the ability to manufacture their own cost-effective, LTDF graphene flakes.
- Certain mission-critical users (seeking consistent quality and reliable supply). Many industries need a reliable source of industrial volumes of LTDF graphene flakes, including aviation, space, national security, and medicine. These flakes can be optimized for specific application requirements.
Avadain’s process is designed as a modular production platform, enabling manufacturing partners to deploy the same patented core reactor architecture, operating parameters and quality-control framework across multiple locations and end markets.
Intellectual Property
- Strong IP position is core to Avadain’s value creation
- The U.S.’ #1 IP law firm, Fish & Richardson, drafted and filed comprehensive patent applications
- 58 patents granted across 39 countries
- Many more patents pending

Continual Innovation
- Avadain recognizes that the long-term competitive advantage of our technology licensing requires ongoing innovation and optimization of our graphene flake manufacturing technology.
- We anticipate filing additional patent applications over the coming years.

- Thomas Edison
De-Risking Avadain's Business
We constantly work to de-risk Avadain’s business by focusing on:
- Manufacturing repeatability
- Supply chain readiness
- IP protection
- Standards alignment (ASTM, DoD, aerospace, etc.)
Three Properties Unlock Graphene’s Super Powers
The simultaneous presence of three physical properties enables LTDF graphene to deliver the full range of graphene’s super powers. Miss just one, and the material has only a fraction of its full potential.

Large. Graphene works best as big, continuous flakes. Every edge where one flake ends and the next begins acts like a speed bump, slowing the flow of electricity, heat, and mechanical load. Larger flakes mean fewer speed bumps, so the material performs closer to its theoretical potential. Most graphene sold today measures less than one micrometer. Avadain's flakes average 25 square micrometers.
Thin. Graphene's properties only appear when the flake is almost impossibly thin – five atomic layers or fewer. Stack it thicker, and it stops behaving like graphene and starts behaving like graphite, the weak, brittle gray material in a pencil. Thinness is what holds graphene in its high-performance state.
Defect-Free. The flake also has to be nearly flawless. Holes, cracks, and chemical contamination each sabotage a different property. Even edges on nano-sized flakes count as defects, when it comes to performance. A crack becomes the point where the material fails under load. A flaw scatters electric current. A single missing atom is enough for corrosion to seep in. A clean, unbroken lattice is what delivers graphene's full strength, conductivity, and sealing power.
The other graphene materials on the market lack one or more of the three physical properties that make LTDF graphene unique.

Competitive Landscape
More than 400 companies worldwide claim to make graphene. Most of these materials are graphene oxide, reduced graphene oxide, nanoparticles, and nanoplatelets, which are lower qualities of graphene.

Recently, the “hot” areas for investment have been nanoparticles and nanoplatelets.

This image compares the physical size of Avadain’s LTDF graphene to the nano-particles produced by two leading manufacturers (top and middle left, showing millions of nano-particles). These nano-particles are ~200,000x smaller than a 5 µm Avadain LTDF flake (bottom and right).

On the left are images of graphite nanoplatelets, which typically have a larger lateral flake size than nanoparticles. However, they are tens or hundreds of atomic layers thick and rigid. This makes them brittle and weak. On the right is Avadain’s LTDF graphene, which is ultra-thin and highly flexible.
Board of Directors

Team

Here’s What Some Investors Are Saying
Any investments referred to in the testimonials were made under different terms than this offering.
Rod Turner
Ray Bergin
Kathryn Foster
Pat Paterson
Alexander Snowden
Curtis Prichard
Mark McGregor
Here’s what other Netcapital investors are saying about why they invested:
$100,000: “Carbon is an amazing element. We’re glad we could get in on the ground floor of the Graphene Revolution. Graphene is a game changer.”
$200: “Based on my prior knowledge of graphene, I strongly believe that it will be a primary raw material for future technologies.”
$1,000: “The chemical and physical properties of this material is phenomenal which makes it usable in many products across multiple industries. This is revolutionary technology and I am excited to be part of the budding stages of this company.”
$100: “Graphene is the material of the future!!”
$500: “Felt like it's opportunity of a lifetime”
$800: “Always willing to invest in a manufacturing product that will be environmentally friendly.”
$1,000: “Might make huge return”
$200: “Make $$$”
$500: “Next gen technology, Early movers advantage”
$200: “Avadain is the future of all kinds of products.”
$100: “I've read about graphene and its amazing capabilities for years, and I agree that it could be revolutionary in its impact. I hope you extend your offering so that I can invest more funds in your company!”
$112: "I've had my eye on Graphene for a few years now, and I'm glad that I found your company.”
$1,700: Avadain is “a way to get a foothold in the graphene revolution.”
$100: “It's a greener technology that is very needed in so many industries. The demand is there, now we will have the tech.”
$100: “The ground breaking technology and all of its potential uses. It would be the most useful material on the planet, to be potentially used for virtually anything.”
$300: “Graphene is going to play a HUGE role in our future!”
Press
June 2025
Memphis Business Journal: Avadain Surpasses Crowdfunding Goals
May 2025
EIN Presswire: Avadain has Fully Subscribed $5 Million Capital Raise
April 2025
Globe Newswire: Tech Futurist George Gilder Gives Avadain Second Buy Recommendation
Advanced Carbons Council: Harcros Chemicals Makes 2nd Investment in Avadain
Yahoo! Finance: Avadain Raises Over $1.25 Million in First 24 Hours on Netcapital
Graphene-info: Avadain 3rd Crowdfunding Round Gains Strong Investor Support
March 2025
The Business Journals: Avadain Startup Opens Fundraising Scaling Graphene
January 2025
Harcros: Harcros Signs License Agreement with Avadain
September 2024
The Business Journals: Henry Ford III joins board of Memphis startup
April 2024
StartUs Insights: 10 New Graphene Companies Leading Material Innovation
March 2024
The Business Journals: Startup Avadain innovates manufacturing process for high-quality graphene
Tennessee Business: Startup Avadain innovates manufacturing process for high-quality graphene
November 2023
Evolution News: I Just Want to Say One Word to You: Graphene
Intelligence360: Avadain Has Filed a Notice of an Exempt Offering of Securities to Raise $1.5M in New Equity Investment
October 2023
Businesswire: Netcapital Funding Portal Success Story Avadain Raises $4.5 Million in Sold-Out Capital Offering
Harcros Chemicals: Harcros Chemicals signs Letter of Intent to use Avadain’s technology to manufacture graphene flakes
Globe Newswire: Intent to Manufacture Graphene Deal Signed
Yahoo! Finance: Graphene Tech Company Avadain Surpasses $3 Million Milestone, Achieving top 1.1% Status Among all Crowdfunding Campaigns
September 2023
The Business Journals: Memphis firm Avadain nears first licensing deal; counts Harvard alumni as investors
August 2023
Globe Newswire: Revolutionary Graphene Technology Company Wins KingsCrowd Pitch Competition
May 2023
Benzinga: Graphene 'Tattoo' Pacemaker Sparks Hope For Revolutionary Advances In Heart Care
April 2023
The Business Journals: ‘Much more difficult’: CEO of local startup Avadain on the challenges of latest crowdfunding campaign
March 2023
Kingscrowd: Avadain Co-founder Brad Larschan on High-Quality Graphene Flakes
January 2023
The Graphene Council: 2022 was the ‘wonder’ material's breakout year. What's next?
press Archive
February 2022
Memphis Business Journal: Memphis startup Avadain looks to unlock the ‘revolutionary’ potential of graphene
FlipBoard: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
FinancialContent.com: Memphis startup Avadain looks to unlock the 'revolutionary' potential of graphene
March 2022
Graphene-Info: Avadain receives $3.77 million grant to upscale its graphene flakes tech to mass production
Memphis Business Journal: Startup Avadain scores federal funds, prepares to upscale graphene manufacturing process
Graphene.tv (China): Avadain获得377万美元的资助,用于将其石墨烯片技术升级为大规模生产
StatNano: Avadain kicks off crowdfunding campaign to raise up to $5 million
April 2022
Commercial Appeal: Memphis company Avadain wants to pioneer ‘material of our age’ graphene
June 2022
Memphis Inno: CEO of Avadain on challenges of crowdfunding campaign, eclipsing 500K mark
August 2022
Memphis Inno: Local startup Avadain raises $1.37 million through crowdfunding campaign
Business Wire: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Crowdfund Insider: Netcapital Funding Portal Enables $1.4M Capital Raise by Avadain
Dig South, The South’s Tech Hub: Local startup Avadain raises $1.37M through crowdfunding campaign
Seeking Alpha: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Ivoox.com: Test. Optimize. Scale. Episode 75 with Avadain Graphene
Wallstreet-online: Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Graphene Alliance: 利用Avadain的突破性技术释放石墨烯革命 - 网易
Unleash the graphene revolution with Avadain’s breakthrough technology
Podcasts
March 2026
TechBlick: (3/11/26) Brad Larschan (Graphene’s Commercial Success)
June 2025
Inside Startup Investing: (Ep. 138) Brad Larschan (Commercializing Graphene)
May 2025
Netcapital: (5/9/25) Gilder/Larschan/Wyss Panel (The Future is Graphene)
April 2025
Avadain: (4/29/25) Larschan/Van Wormer (New Investor Introduction)
Netcapital: (4/11/25) Larschan/Segnit Panel (How These Founders Raised over $9 Million Each)
April 2024
Entrepreneurial Insights Podcast: (S5E6) Brad Larschan (What’s Next? Graphene)
Center for Natural and Artificial Intelligence: George Gilder (Graphene: Innovation at the Nanoscale)
Netcapital: (4/19/24) Brad Larschan (Founders Roundtable Webinar Recap)
May 2024
The Fundraising Debrief (Ep. 6): Brad Larschan (Avadain $6M Reg CF)
October 2023
Netcapital: (10/19/23) Brad Larschan (Live Q&A with Avadain)
September 2023
Netcapital: (9/27/23) Brad & Panel (September Demo Day)
July 2022
Test Optimize Scale: (Ep. 75) Brad Larschan (Graphene Revolution)
May 2022
Netcapital: (5/20/22) Brad Larschan (Live Q&A with Avadain)
The Investment Case
Avadain combines a breakthrough material, a strong and defensible IP position, strong strategic alignment, and a clear path to revenue. The company is building the U.S. supply of a material that will underpin the next generation of aerospace, defense, energy, mobility and advanced manufacturing technologies. This round gives investors the opportunity to participate in a high‑growth, high‑impact advanced materials company at the moment its market is opening.
Why This round matters
This crowdfunding round accelerates Avadain’s transition to commercial manufacturing. Capital will support:
- Scaling production capacity
- Making LTDF graphene easy to use for manufacturers
- Advancing strategic partnerships
- Strengthening supply chain readiness
- Preparing for revenue‑generating contracts
For existing investors, this round represents the payoff for early conviction. For new investors, it offers entry at the moment the company moves toward commercialization – with risk reduced and opportunities expanding.
Use of Proceeds
If the offering's maximum amount of $2,500,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Design full scale plant | $150,000 | 6.0% |
| Expand applications testing | $250,000 | 10.0% |
| Continue to facilitate manufacturability | $1,447,750 | 57.9% |
| Continue to fabricate pilot plant | $500,000 | 20.0% |
| Legal & accounting | $29,750 | 1.2% |
| Intermediary fees | $122,500 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class A-1 Common Stock, under registration exemption 4(a)(6), in Avadain, Inc.. This offering must reach its target of at least $10,000 by its offering deadline of August 28, 2026 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
All SEC filings related to this offering are available here:
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
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- May 23, 2023For those of you who missed it, here's a link...
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