Northstar Ventures invests £500,000 in Dragonfly Advanced Materials as part of £1 million funding round

• Dragonfly Advanced Materials raised GBP 1 million to scale its aerogel manufacturing technology.
• Northstar Ventures invested GBP 500,000 from the North East Spinout Inspire Fund.
• Innovate UK provided a GBP 500,000 grant through its investor partnership programme.
• Newcastle University spinout targets lower-cost, scalable aerogel production for broader industrial use.
• Proceeds fund capacity expansion, commercial hiring, industrial partner work, licensing discussions tied to a new Northumberland facility.

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