CGD raises $19M Series B
Cambridge GaN Devices secures $19M Series B to scale up for $50bn semiconductor device market.
The fabless semiconductor company, a spin-out from the renowned power device group at the Engineering Department of the University of Cambridge, has raised $19m in Series B funding, led by Parkwalk Advisors and BGF, with participation from IQ Capital, CIC, Foresight Williams Technology and Martlet Capital. The investment will enable CGD to begin mass production of its range of GaN transistors for power applications.
We're pleased to have supported the growth of the leadership team at Cambridge GaN Devices as they deliver on their mission to make greener electronics possible. Congratulations to CEO Giorgia Longobardi and all the team.