Navigare Ventures Secures Stake in SweGaN Through Successful Equity Raise

The semiconductor manufacturer SweGaN has secured a significant investment that is set to drive strategic collaborations and enhance material development for the growing power device markets. This financing round sees early-stage investor Navigare Ventures, a subsidiary of Wallenberg Investments AB, becoming an active shareholder in SweGaN, signaling a new chapter for the company's expansion.

The capital raised in this round has attracted a diverse group of semiconductor-focused investors from around the globe. Companies such as Wafer Works from Taiwan, RFHIC, Ignite Innovation, and BRV Capital Management from South Korea, as well as Lifelike Capital from the US, have joined forces to support SweGaN's vision for long-term growth and innovation in the semiconductor industry.

Dr. Jr-Tai Chen, CEO of SweGaN, expressed his enthusiasm about the new partnership, stating, "Our new investors and Navigare Ventures will play a crucial role in driving SweGaN's development forward. Their support will not only boost customer confidence but also pave the way for strategic collaborations that will shape our future initiatives."

Dr. David Sonnek, CEO of Navigare Ventures, highlighted SweGaN's potential for success in semiconductor material manufacturing, emphasizing the company's ability to drive innovation and accelerate the adoption of new power semiconductors. Navigare Ventures' long-term investment strategy aligns with SweGaN's mission to enhance expertise, expand capabilities, and fortify regional supply chains essential to the European semiconductor sector.

Dr. Jr-Tai Chen further emphasized the value of Navigare Ventures' involvement beyond financial support, citing their expertise in corporate governance, financing strategies, and technology scouting. The addition of Dr. Alex Basu and Pontus de Laval to SweGaN's Board brings a wealth of experience that will be instrumental in guiding the company through its next phase of growth and development.