SweGaN, a DeepTech company specializing in GaN-on-SiC epitaxial wafers, has secured €12.09 million ($14 million) in a Series B funding round led by Thisbe AB and North Ventures. This follow-on financing, which brings the company's total raised to €35.4 million ($41 million), will be used to scale production capacity, expand global market presence, and accelerate R&D for next-generation materials. The investment follows a period of strong execution, marked by an expanding customer base and key customer qualification milestones.