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SweGaN raises €12.1 million in Series B funding led by Thisbe AB and North Ventures to scale production and drive global growth.

PRIVATEAug 18, 2026•about 6 hours ago

Amount Raised

€12.1 Million

Round Type

Series B

SwedenManufacturing

Investors

North VenturesThisbe Ab

Description

SweGaN has successfully closed a €12.1 million Series B round to enhance its gallium nitride on silicon carbide epitaxial wafer production. The round was led by Swedish investor Thisbe AB and Danish firm North Ventures, along with existing shareholders. This up-round reflects strong investor confidence in SweGaN's progress and future potential. The funding will enable the company to scale responsibly and invest in innovation.

Company Information

Company

SweGaN

Location

Sweden

About

SweGaN is a Linköping-based DeepTech company specializing in the design, development, and manufacturing of gallium nitride on silicon carbide (GaN-on-SiC) epitaxial wafers. Founded in 2014 as a spin-off from Linköping University, it delivers high-performance GaN-on-SiC wafers using patented growth technologies. The company aims to support various market sectors with its materials, including 5G telecommunications and electric vehicles. SweGaN is focused on scaling production and expanding its commercial presence globally.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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