SweGaN develops and manufactures GaN-on-SiC epitaxial wafers for wide-bandgap semiconductor applications. The company serves markets including RF and power electronics for 5G, satellite communications, telecom infrastructure, defence radar systems and high-efficiency power conversion in data centres. SweGaN plans to use the new funding to expand production capacity, accelerate R&D of next-generation GaN-on-SiC materials, and strengthen its commercial presence globally. Management stated the financing represents an up-round and will support hiring and infrastructure investment as the company scales. The round increases SweGaN’s total funding to $41M, reflecting recent commercial progress and investor confidence.

Total raised

$25M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2026