We are happy to announce that we have invested in SweGaN AB! SweGaN is a European semiconductor manufacturer that develops and produces custom engineered Gallium Nitride on Silicon Carbide (GaN-on-SiC) epitaxial wafers. “SweGaN’s unique technologies and skilled team position them to excel in semiconductor material manufacturing, poised to accelerate the adoption of new power semiconductors through innovative research and product development. Our long-term investment focus reflects a strong commitment to supporting SweGaN’s mission to build expertise, expand capabilities, and strengthen regional supply chains critical to the European semiconductor industry”, says our CEO, David Sonnek. Investment manager, Alex Basu, and senior advisor Pontus de Laval will also join the board of SweGan. Read the full press release here: https://lnkd.in/dqT7qtan
SweGaN is pleased to announce the closing of a substantial equity raise from financial and strategic investors. In this financing round, early-stage investor Navigare Ventures, a fully owned subsidiary of Wallenberg Investments AB, joins as an active shareholder in the semiconductor manufacturer. The nearly 12M Euro capital raise also onboards an impressive range of semiconductor-focused investors from the global arena: Wafer Works from Taiwan, RFHIC Corporation, Ignite Innovation and BRV Capital Management from South Korea, and Lifelike Capital from the US. -“Navigare Ventures, as part of the Wallenberg ecosystem, and their extensive industrial and scientific networks will be a cornerstone in further establishing SweGaN in Sweden,” says Dr. Jr-Tai Chen, CEO and Co-Founder at SweGaN. Investment manager, Alex Basu, and senior advisor Pontus de Laval will join the SweGaN Board. #semiconductors #QuanFINE #powerinthelayers #GaN #epitaxialwafers https://lnkd.in/dqT7qtan