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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

Amount Raised

€12.1 Million

Round Type

Series B

SwedenManufacturing

Investors

Thisbe ABNorth Ventures

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.

Quick answer

SweGaN raised €12.1 Million in a Series B round, dated August 18, 2026. Investors: Thisbe AB and North Ventures. SweGaN is based in Sweden.

How much did SweGaN raise?
SweGaN raised €12.1 Million in a Series B round on August 18, 2026.
Who invested in SweGaN?
Thisbe AB and North Ventures are named as investors in this round.
What does SweGaN do?
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.
Where is SweGaN based and how big is it?
SweGaN is based in Sweden. Fundz records about 37 employees.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as SweGaN that raised within 45 days of this round, from Fundz verified event records.

  • Hadrian raised $1.4B (Series D) on August 6, 2026.
  • Hestus raised $7.4M (Seed) on October 2, 2026.
  • T1 Energy raised $50M (Convertible Note) on October 2, 2026.
  • Daptic raised $15M (Series A) on October 1, 2026.
  • Charter Space raised $5M (Seed) on October 1, 2026.
  • R2Crete raised $555K (Pre-Seed) on October 1, 2026.

Who to call at SweGaN, and when

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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

What this usually means
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

SweGaN raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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