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In a recent move, Cambridge GaN Devices (CGD), a fabless semiconductor company based in Cambridge, has secured a $9.5 million (approx £6.8 million) funding in a Series A round.

Who led the funding?

The funding round was co-led by IQ Capital, Parkwalk Advisors, and BGF. It also included investment from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels, and Cambridge Capital Group.

Source : Cambridge Gan Devices, a spin-off of Cambridge University secures £6.8M for their energy-efficient power devices – UKTN (UK Tech News)