Tech Company Financing Transactions
Cambridge GaN Devices Funding Round
On 11/15/2022, Cambridge GaN Devices raised $19 million in Series B funding from BGF Ventures, ParkWalk Advisors and CIC Capital.
Transaction Overview
Company Name
Announced On
11/15/2022
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series B
Investors
BGF Ventures (Lead Investor)
ParkWalk Advisors (Lead Investor)
Proceeds Purpose
The company intends to use the funds to begin mass production of its range of GaN transistors for power applications.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
Jeffreys Building, Suite 8 Cowley Road
Cambridge, CB4 0DS
UK
Cambridge, CB4 0DS
UK
Phone
Website
Email Address
Overview
A spin-out of the Cambridge University, Cambridge GaN Devices (CGD) is a fabless semiconductor company that develops a range of energy-efficient GaN-based power devices to make greener electronics possible. Operating at a market worth exceeding $30 billion, CGD completed its $9.5M Series A fundraising in March 2021. In autumn 2021, the company was named Tech Scaleup of the Year by Business Weekly in the category of green electronics and was awarded the UK Business Angels Association (UKBAA) deep tech Investment of the Year.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Giorgia Longobard
Chief Technical Officer
Florin Udrea
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