# Cambridge GaN Devices

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cambridge-gan-devices

- Industry: Semiconductors
- Headquarters: Cambridge, UK
- Website: www.camgandevices.com/
- Total disclosed funding: $63M
- Latest round: Series C (Dec 23, 2024)
- Investors on record: 10

## About

Based in 2016 and based in Cambridge, UK, Cambridge GaN Devices Ltd operates as a developer of gallium nitride (GaN) transistors designed as a displacement technology for silicon semiconductors in power conversion of consumer electronics chargers. In February 2021, the company received USD 9.5 million in Series A funding from Parkwalk Advisors, IQ Capital, BGF Ventures, Parkwalk Advisors, Martlet Capital, Foresight Williams, Cambridge Enterprise, Cambridge Capital Group, Cambridge Angels group, and BGF Ventures. The company offers GaN used in the production of semiconductor power devices that can witch high voltages and currents over 100 times speed for consumer electronics chargers, data servers, and solar panel inverters. In February 2021, the company plans to hire staff and expand its GaN product portfolio following decades of research in power devices. In February 2025, Cambridge GaN Devices Ltd. raised USD 32 million in series C funding from British Patient Capital, Business Growth Fund, Cambridge Innovation Capital, Foresight Group Holdings, IQ Capital, and Parkwalk Advisors.

The company plans to utilize the February 2025 funding to support its global market expansion.

## Funding rounds

- Series C, Dec 23, 2024, $32M — Foresight Group, British Business Bank, IQ Capital, BGF Investment Management, Parkwalk Advisors, Cambridge Innovation Capital
- Series B, Nov 15, 2022, $19M — Foresight Group, IQ Capital, BGF Investment Management, Parkwalk Advisors, Martlet Capital, Cambridge Innovation Capital
- Series A, Jan 21, 2021, $9.4M — Foresight Group, Cambridge Enterprise, Cambridge Capital Group, Cambridge Angels Group, IQ Capital, BGF Investment Management, Parkwalk Advisors, Martlet Capital
- Seed, May 10, 2019, $2.4M — Parkwalk Advisors

## Investors

- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Seed, Series A, Series B, Series C
- Foresight Group (https://capitalatlas.ai/funds/foresight-group) — Series A, Series B, Series C
- Cambridge Enterprise — Series A
- Cambridge Capital Group — Series A
- Cambridge Angels Group — Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A, Series B, Series C
- BGF Investment Management (https://capitalatlas.ai/funds/bgf-investment-management) — Series A, Series B, Series C
- Martlet Capital (https://capitalatlas.ai/funds/martlet-capital) — Series A, Series B
- Cambridge Innovation Capital (https://capitalatlas.ai/funds/cambridge-innovation-capital) — Series B, Series C
- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Series C