# Crygan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crygan

- Industry: Semiconductors
- Headquarters: Jinan, China
- Website: www.crygan.com
- Latest round: Angel (Oct 21, 2024)
- Investors on record: 3

## About

Crygan is a semiconductor company based in Jinan, China, specializing in the research and development of third-generation semiconductor materials, particularly self-supporting gallium nitride (GaN) substrates.Founded in August 2023, Crygan focuses on semiconductor development with an emphasis on GaN single-crystal substrates. The company operates from its headquarters in Jinan, China. Specific details about the founder and their prior ventures are not available. Crygan has made three significant deals as of March 12, 2026, indicating a proactive investment strategy in the semiconductor sector.Crygan specializes in the research, development, production, and sales of third-generation semiconductor materials, particularly self-supporting gallium nitride (GaN) single-crystal substrates. These substrates are essential in applications such as high-power electronic devices, laser diodes, and advanced LED technologies. The company utilizes proprietary GaN crystal growth and substrate processing technologies to support industries involved in blue-green laser displays, laser lighting, microwave communications, and power electronics, mainly serving the electronics and telecommunications sectors in North America and Europe.Crygan operates under a direct-to-business model, focusing on transactions with manufacturers and technology companies utilizing GaN substrates. Revenue is generated through bulk sales of its GaN wafers, specifically 10mm and 20mm varieties, to industry partners for integration into advanced electronic systems. Pricing is reflective of the specialized nature of the semiconductor materials and the high demand in targeted sectors. The company is working on establishing long-term contracts with key players in the semiconductor industry to ensure a steady revenue flow.Crygan's future growth strategy includes the development of new GaN substrate products and expansion into additional markets in North America and Europe by 2026. The company plans to utilize funds raised in March 2026 from pre-Series A funding, which was obtained from investors including Shandong Finance Investment Group and Xingcheng Capital, to support these initiatives.

## Funding rounds

- Angel, Oct 21, 2024 — Junchenda Capital
- Angel, Aug 14, 2024 — Vinno Capital, Jinan Industrial Development Investment Group

## Investors

- Vinno Capital (https://capitalatlas.ai/funds/vinno-capital) — Angel
- Jinan Industrial Development Investment Group — Angel
- Junchenda Capital (https://capitalatlas.ai/funds/junchenda-capital) — Angel