EpiGaN raises capital for
Capricorn Cleantech Fund, Robert Bosch Venture Capital,
and LRM jointly invested € 4 million in EpiGaN, spin-off of imec,
to launch volume production of GaN-on-silicon wafers.
Hasselt, 5th July 2011. EpiGaN is pleased to announce that it has closed its first capital round of € 4 million,
which will allow it to start volume production of GaN-on-Si epitaxial material for the next generation of efficient power electronics.
You can read the full press release here.
Incorporated in 2010, EpiGaN was founded by Dr Marianne Germain, CEO, Dr Joff Derluyn, CTO and Dr Stefan Degroote, COO, as a spin-off of imec.
For more than 10 years, the founders jointly developed state-of-the-art GaN-on-Si technology on 4” and 6” wafers at imec, which has been licensed to EpiGaN.
They are today joined by a strong consortium of investors who share their vision on GaN-on-Si as a key technology for enhancing power management efficiency,
implementing renewable energy sources, or enabling cleaner transportation technologies with reduced environmental impact.
About Capricorn Venture Partners
Capricorn Venture Partners is a pan-European manager of venture capital funds seeking to invest in technology based growth companies.
Capricorn is investing out of its € 112 million Capricorn Cleantech Fund .
The Cleantech Fund invests in European growth companies developing innovative breakthrough technologies
in the fields of renewable energy and energy efficiency, water purification and re-use, biobased material conversion and biorefinery platforms,
clean air, climate change, green chemistry and advanced materials, materials recovery and recycling.
The investment team of Capricorn is composed of experienced investment managers with deep technology expertise
and a broad industrial experience. The Capricorn Cleantech Fund benefits from investment
the European Investment Fund through the "Competitiveness and Innovation Framework Programme" of the European Union.
About Robert Bosch Venture Capital
The Bosch Group is a leading global supplier of technology and services.
In the areas of automotive and industrial technology, consumer goods, and building technology,
some 285,000 associates generated sales of 47.3 billion euros in fiscal 2010.
Each year, Bosch spends more than 3.5 billion euros for research and development,
and applies for over 3,000 patents worldwide. With all its products and services,
Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
Robert Bosch Venture Capital GmbH invests worldwide in innovative start-up companies at all stages of their development.
Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch,
above all automation and control, energy and environment, enabling technologies, and healthcare.
Robert Bosch Venture Capital GmbH also invests in services/business models as well as new materials
that are relevant to the above-mentioned areas of business.
LRM is a profit-driven investor that offers entrepreneurs a unique combination of venture capital and real estate.
LRM's activities contribute to the economic development and the general employment in Belgian Limburg.
LRM is oriented towards all sectors and companies, from start-ups over growing SMEs to large enterprises.
Today, LRM is active in five domains:
ICT & Media, Life Sciences, Cleantech & Energy, SMEs & Large enterprises.