SweGaN closes $14 million Series B
Thisbe AB and North Ventures join existing shareholders in an up-round for the Swedish semiconductor supplier.
The financing brings SweGaN’s total capital raised to $41 million. The company says the round follows customer qualification milestones and a growing customer base, putting production execution at the centre of its next phase.
Demand spans radio-frequency devices and power conversion, including data centres. For a materials supplier, winning a design qualification is a step toward recurring production orders; consistent wafer supply then becomes as important as the underlying technology.
Use of funds
Expand wafer production capacity
Strengthen international commercial operations
Hire staff and expand infrastructure
Develop next-generation GaN-on-SiC materials