Sweden’s SweGaN raises €12.1 million to scale gallium nitride on silicon carbide epitaxial wafer production

In breaking news, homeSweden StartupsSweden’s SweGaN raises €12.1 million to scale gallium nitride on silicon carbide… HomeSweden StartupsSweden’s SweGaN raises €12.1 million to scale gallium nitride on silicon carbide…FundingSweden Startups Sweden’s SweGaN raises €12.1 million to scale gallium nitride on silicon carbide epitaxial wafer production By Rahul Raj August 18, 2026 Share FacebookTwitterWhatsAppLinkedin SweGaN, a Linköping-based DeepTech company specialising in the design, development, and manufacturing of gallium nitride on silicon carbide (GaN-on-SiC) epitaxial wafers, has closed a €12.09 million ($14 million) Series B round to scale production and accelerate global growth.The round was led by Swedish investor Thisbe AB, Danish VC firm North Ventures and existing shareholders.Key players involved: Goldman Sachs Asset Management, Partners Group This development has significant implications for Technology, potentially influencing competitive dynamics, investment patterns, and strategic priorities across the sector. “Completing this financing as an up-round is a strong endorsement of SweGaN’s progress and long-term potential. Market ImplicationsForward-Looking IndicatorsContinued consolidation expected in the sectorIncreasing focus on digital transformation and innovationGrowing importance of ESG considerations Expert CommentaryWe are entering our next phase from a position of financial strength,” said Stefan Axelsson, CFO of SweGaN AB. Looking AheadFor complete details on this development, refer to the original report from EU-Startups. Frequently Asked Questions