Cambridge GaN Devices Secures $32M for Expansion

Deal News | Feb 19, 2025 | Martlet Capital

Cambridge GaN Devices Secures $32M for Expansion

Cambridge GaN Devices, a portfolio company of Martlet Capital, has raised a remarkable $32 million to expand its operations across key global regions including Cambridge, North America, Taiwan, and Europe. Known for its innovative use of gallium nitride (GaN) in energy-efficient semiconductors, CGD aims to significantly impact the power semiconductor industry. The company's technology is pivotal for future advancements in electrification and sustainability, providing improved energy efficiency for sectors such as electric vehicles and data centers. This funding round highlights the growing importance of reducing energy consumption, cutting costs, and lowering the environmental footprint in the semiconductor sector.

Sectors

  • Semiconductor
  • Renewable Energy and Sustainability
  • Venture Capital

Geography

  • United Kingdom – Cambridge GaN Devices is based in Cambridge, UK, and the expansion includes operations within the region.
  • North America – CGD plans to expand its presence to this region, highlighting its strategic importance for the company's growth.
  • Taiwan – Expansion into Taiwan demonstrates CGD's focus on key Asian markets in the semiconductor industry.
  • Europe – CGD is also targeting expansion within Europe, emphasizing the company's global growth strategy.

Industry

  • Semiconductor – The article focuses on Cambridge GaN Devices, a company that develops semiconductor technology, specifically using gallium nitride (GaN) for power electronics.
  • Renewable Energy and Sustainability – CGD's technology contributes to energy efficiency and sustainability, reflecting broader industry trends towards electrification and reduced environmental impact.
  • Venture Capital – Martlet Capital, a venture capital firm, backs CGD, showcasing investment activities within the VC sector.

Financials

  • $32M – The amount raised by Cambridge GaN Devices to expand their operations globally.

Participants

NameRoleTypeDescription
Cambridge GaN DevicesTarget CompanyCompanyA Cambridge University spinout specializing in developing energy-efficient semiconductors with gallium nitride technology.
Martlet CapitalInvestorCompanyA venture capital firm that manages investments in innovative companies, including Cambridge GaN Devices.
EMV CapitalManager of Martlet CapitalCompanyFirm managing Martlet Capital's investments, involved in the strategic backing of Cambridge GaN Devices.