Swegan
- hard tech
- horizon europe
- space tech
- spinout
- esa
- space upstream
- semiconductor designers and manufacturers
- esa bass
- nordic rising star 2022
- dual-use tech
- advanced materials
- space vehicles components and payloads
- defence applications
- spacecraft parts, structures, and payloads
- semiconductor materials
- gan (gallium nitride)
Financials
Estimates*
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | <1m | <1m | <1m | 1.2m |
| % growth | (8 %) | 67 % | 95 % | (16 %) | 84 % | (7 %) | 50 % |
| EBITDA | (<1m) | (<1m) | <1m | <1m | (<1m) | (1.4m) | - |
| % EBITDA margin | (1 %) | (22 %) | 63 % | 15 % | (29 %) | (181 %) | - |
| Profit | (<1m) | (<1m) | <1m | (<1m) | (<1m) | (1.6m) | - |
| % profit margin | (7 %) | (49 %) | 13 % | (16 %) | (53 %) | (203 %) | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Spinout | ||
€50.0k | Grant | ||
| N/A | N/A | Seed | |
€600k | Seed | ||
€1.7m | Grant | ||
* | €12.0m | Series A | |
* | N/A | Early VC | |
| Total Funding | €14.3m | ||
Recent News about Swegan
EditSweGaN is a Swedish startup specializing in the production of high-performance semiconductor materials, specifically Gallium Nitride on Silicon Carbide (GaN on SiC) epiwafers. These materials are crucial for enhancing the efficiency and performance of electronic devices across various industries. SweGaN's products are particularly valuable in applications requiring high power and high frequency, such as telecommunications, aerospace, and defense.
The company operates in the semiconductor market, which is essential for the growing trend of global electrification. SweGaN's primary clients include businesses and research institutions that need advanced materials to develop cutting-edge electronic devices. By providing customized high-performance materials, SweGaN helps its clients gain competitive advantages in their respective fields.
SweGaN's business model revolves around the production and sale of GaN on SiC epiwafers. The company ensures the quality of its products through rigorous quality assurance processes and advanced material characterizations. These characterizations provide clients with a deep understanding of the materials, enabling them to optimize their applications.
In addition to selling epiwafers, SweGaN offers device processing and prototyping services in a state-of-the-art clean room environment. This allows clients to develop and test high-frequency and high-power devices efficiently. The company also engages in research and development (R&D) services, continually innovating and empowering its partners and customers with new technologies.
SweGaN makes money by selling its high-performance epiwafers and providing specialized services such as device processing, prototyping, and R&D. By focusing on quality and customization, the company ensures that its clients receive materials that meet their specific needs, thereby fostering long-term business relationships.
Keywords: GaN on SiC, semiconductors, epiwafers, high-performance, telecommunications, aerospace, defense, quality assurance, device processing, R&D services.