An alternative to copper: Galvorn

A DexMat closed a pre-seed funding round totaling more than $5 million, bringing its total equity funding to $10 million. The company is seeing growing customer demand for Galvorn, a lightweight, carbon-based conductive material, particularly among manufacturers of wire, cable, and related applications prioritizing high performance, durability, and lightweighting. The funding will support early commercial customers, expand the company’s technical and commercial teams, and scale up production to meet near-term demand.

As manufacturers navigate rising complexity and risk across global materials supply chains, especially copper where demand is outpacing supply and climate is further constraining it, Galvorn is gaining traction in targeted applications where traditional conductive materials, including copper, introduce weight, durability, and design constraints.

“We’re seeing clear customer pull, particularly in wire and cable applications, as manufacturers look for less dense, more durable, and resilient at scale conductive materials,” says Bryan Guido Hassin, CEO of DexMat. “This funding allows us to meet near-term demand and expand production capabilities in response to evolving supply-chain constraints.”

The new capital, paired with $3 million of non-dilutive funding, will support existing customers as they advance Galvorn in commercial applications and new customers entering the pipeline each month, as well as expand DexMat’s technical and commercial teams and advance pilot-scale production to meet near-term demand.

“We consistently hear the same message from customers: the material performs really well, and they need more of it at a lower cost,” says Dmitri Tsentalovich, Ph.D., co-founder and CTO at DexMat. “This round supports the production scale-up and cost reductions required to move Galvorn into broader commercial use.”

“It’s been incredible to be part of Galvorn’s evolution from a conversation on a couch with Nobel laureate Richard Smalley to a product now gaining market traction,” says Matteo Pasquali, Ph.D., co-founder and chief science advisor at DexMat. “This inflection point is the result of over 25 years of concerted R&D. Achieving our mission to reduce reliance on energy-intensive metal production will take a village.”