Cambridge GaN Devices (CGD), an innovator in gallium nitride (GaN) power devices, has successfully closed a €30.5 million Series C funding round to expand globally and deliver its products to high-power industrial, data centre, and automotive markets.
The investment was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group, and IQ Capital.
Dr Giorgia Longobardi, CEO and Founder of CGD, said: “This funding round marks a pivotal moment for CGD. It validates our technology and vision to revolutionize the power electronics industry with our efficient GaN solutions and make sustainable power electronics possible. We’re now poised to accelerate our growth and make a significant impact in reducing energy consumption across multiple sectors. We look forward to collaborating with our strategic investor to penetrate the automotive market”.
CGD is a fabless semiconductor company spun-out by Prof Florin Udrea and Dr Giorgia Longobardi from Cambridge University in 2016 to exploit a technology in power devices. Their mission is to shape the future of power electronics by delivering the most efficient and reliable transistor.
CGD designs, develops and commercialises GaN transistors and ICs enabling a step change in energy efficiency and compactness and is suitable for high-volume production.
According to CGD, gallium nitride-based devices represent a breakthrough in power electronics, offering faster switching speeds, lower energy consumption, and more compact designs than traditional silicon-based solutions.
CGD’s proprietary monolithic ICeGaN® technology, which simplifies the implementation of GaN into existing and progressive designs, reportedly delivers efficiency levels exceeding 99%, enabling energy savings of up to 50% in a wide range of high-power applications including electric vehicles and data centre power supplies.
These innovations have the potential to save substantial amounts of CO2 emissions annually, accelerating the global transition to more sustainable energy systems.
Henryk Dabrowski, SVP of Sales at CGD, added: “I’m thrilled to see this funding helping to deliver on customer deals we’ve already closed for CGD’s latest-generation P2 products. This investment will significantly boost our ability to meet the growing demand for our reliable and easy-to-use GaN solutions.”
As per figures provided to EU-Startups, the global GaN power device market is projected to grow at a remarkable CAGR of 41%, reaching €1.9 billion by 2029.
At the same time, ICeGaN® is being seen as a viable alternative to existing solutions using Silicon Carbide (SiC), combining high energy-efficiency, miniaturisation, and monolithically integrated smart functionalities.
This will enable Cambridge GaN Devices to have access to a high power market estimated to be in excess of €9.5 billion by 2029.
John Pearson, Chief Investment Officer at Parkwalk Advisors, said: “CGD is at the forefront of technology that can reduce the energy demands of booming industries, like Artificial Intelligence and Electric Mobility. It has enormous global potential and widespread applications which will see CGD continue to innovate and grow. We are proud to have backed CGD since 2019 and are excited to be working with an exceptional team and cohort of other investors to accelerate its global expansion.”
George Mills, Director – Deeptech, Direct & Co-Investments, British Patient Capital, said: “Following years of research, Cambridge GaN Devices have proven the impact of their semiconductor technology. Their GaN devices consume less energy than their silicon-based counterparts, which both reduces costs and has a positive environmental impact. It’s valuable technology that now needs long-term capital to scale.”
The funding will enable the company to expand its operations in Cambridge, North America, Taiwan and Europe, and fuel CGD’s growth strategy, focusing on the continued delivery of highly efficient GaN products to high-power industrial, data centre, and automotive markets.
Read the orginal article: https://www.eu-startups.com/2025/02/cambridge-gan-devices-secures-e30-5-million-to-drive-global-growth-in-power-semiconductor-industry/
