SweGaN completes €12 million equity round

The investment will propel strategic collaborations and boost material development for growing power device markets. 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 €12 million capital raise also onboards an impressive range of semiconductor-focused investors from the global arena: Wafer Works from Taiwan, RFHIC, Ignite Innovation and BRV Capital Management from South Korea, and Lifelike Capital from the US.

Navigare Ventures, an investment company focused on research-based companies to promote reindustrialisation within the high-tech segment, has invested in SweGaN to support the company’s long-term growth plan. Additionally, the Navigare Ventures ownership stake brings new Board members to SweGaN.

“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,” continues Chen.