Navigare Ventures completes SweGaN equity raise, takes stake
SweGaN AB, a European semiconductor manufacturer that develops and produces custom engineered Gallium Nitride on Silicon Carbide (GaN-on-SiC) epitaxial wafers, has announced the closing of a substantial equity round from financial and strategic investors.
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 capital raised 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 reindustrialization 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.
Dr. Jr-Tai Chen, CEO, SweGaN commented: “Our new investors and Navigare Ventures as key partners in SweGaN’s long-term development will champion our customer confidence and foster strategic collaboration with SweGaN for future initiatives.”
“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.
Dr. David Sonnek, CEO, Navigare Ventures said: “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.”
Dr. Jr-Tai Chen adds: “Beyond financial backing, Navigare Ventures brings invaluable expertise in corporate governance, financing strategies, and technology scouting, as well as customer perspective from major market players, which will be crucial during these pivotal years. We are excited to welcome Dr. Alex Basu and Pontus de Laval to our Board, where their experience will be instrumental.”
Image: Dr. Jr-Tai Chen, CEO, SweGaN
www.navigareventures.com
www.swegan.se
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