# Wavice

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

- Industry: Semiconductors
- Headquarters: Hwaseong-si, South Korea
- Website: www.wavice.com/
- Total disclosed funding: $1.3M
- Latest round: Series B (May 23, 2019)
- Investors on record: 2

## About

Based in South Korea, Wavice, Inc. is a technology firm specializing in the design and manufacturing of Gallium Nitride (GaN) RF semiconductor products for diverse applications in defense, telecommunications, and aerospace.Wavice, Inc. is a semiconductor company formed in 2017 and headquartered in Hwaseong-si, South Korea, focusing on GaN RF technology. The firm has successfully raised KRW 1.5 trillion in its latest funding round, the Series B, led by Korea Investment Partners, L&S Venture Capital, Moorim Capital, and SG Private Equity, amounting to KRW 1.5 trillion. The company has engaged in 4 deals, with the most recent taking place on October 25, 2024.Wavice specializes in the design and manufacturing of Gallium Nitride (GaN) Radio Frequency (RF) semiconductor products, which include GaN RF Bare-Die, packaged transistors, high-power amplifiers (HPA), solid-state power amplifiers (SSPA), and modules. These products support advanced signal amplification applications across sectors like defense, telecommunications, and aerospace, and are utilized in systems such as radar for air defense and next-generation mobile communication infrastructure (5G and beyond). The company serves a diverse clientele, with distribution primarily in South Korea, the United States, Europe, and select Asian markets.Wavice operates on a business-to-business revenue model, primarily supplying its GaN RF products to defense and telecommunications sectors. The company enters direct sales agreements with clients, focusing on large-scale orders for products such as L-Band, S-Band, and C-Band transistors. The pricing reflects the high performance and reliability of these products, ensuring value for clients engaged in critical operations.Wavice, Inc. is strategically planning to launch new GaN RF products while expanding its market presence in North America and Europe by 2025. The recent IPO on October 25, 2024, raised KRW 22.35 billion by selling 1.49 million shares at KRW 15,000 apiece, which will be allocated towards R&D for advanced technologies and supporting the company’s entry into new geographic markets.

## Funding rounds

- Series B, May 23, 2019, $1.3M — Korea Investment Partners, SG Private Equity

## Investors

- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- SG Private Equity (https://capitalatlas.ai/funds/sg-private-equity) — Series B