A young company wields semiconductor technology developed over more than a decade as well as a unique power-conversion and integration ecosystem.

Top-tier investors continue to be attracted by Exagan’s market strategy and positioning, including:

  • More than 10 years of R&D experience with GaN materials and device development. Company’s innovative and proprietary G-Stack™ technology brings strong differentiation and competitiveness to high-voltage, high-reliability devices.
  • An extensive customer network in the field of power electronics throughout Europe, the U.S. and Asia, offering multiple partnership opportunities to qualify Exagan technology as a standard for GaN power electronics.
  • An innovative fab lite business model as a key strategy enabling future competitiveness and very scalable manufacturing. It provides the right balance with some technology insourcing and some manufacturing on all critical technology steps. The fab lite model also is attractive to investors because it lowers capital expenditures.

Partnered with top-tier financial firms

With the backing of Exagan’s two original investors – Soitec and CEA-Leti – as well as three private investors – Innovacom, CM-CIC and IRDInov – first-round financing has been completed, with funds designated to accelerate product development for a successful market launch. Profiles of current investors follow:

Soitec is an international manufacturing company, a world leader in generating and manufacturing revolutionary semiconductor materials at the frontier of the most exciting energy and electronic challenges. Soitec’s products include substrates for microelectronics (most notably SOI: silicon-on-insulator) and concentrator photovoltaic (CPV) systems. The company’s core technologies are Smart Cut™, Smart Stacking™ and Concentrix™ as well as expertise in epitaxy. Applications include consumer and mobile electronics, microelectronics-driven IT, telecommunications, automotive electronics, lighting products and large-scale solar power plants. Soitec has manufacturing plants and R&D centers in France, Singapore, Germany and the U.S. For more information, visit

CEA is a French research and technology organization, with activities in four main areas: energy, information technologies, healthcare technologies and defense and security. Within CEA, the Laboratory for Electronics & Information Technology (CEA-Leti) works with companies to increase their competitiveness through technological innovation and transfers. CEA-Leti is focused on micro- and nanotechnologies and their applications, from wireless devices and systems to biology and healthcare or photonics. Nanoelectronics and microsystems (MEMS) are at the core of its activities. As a major player on the Minatec campus, CEA-Leti operates 8,000 square meters of state-of-the-art clean rooms, on 24/7 mode, on 200-mm and 300-mm wafer standards. With 1,400 employees, CEA-Leti trains more than 190 Ph.D. students and hosts 200 assignees from partner companies. Strongly committed to creating value for the industry, CEA-Leti puts a strong emphasis on intellectual property and owns more than 1,700 patent families. Visit

With more than 300 million euros under management, Innovacom is a leading investment firm in Europe providing equity financing to high-growth companies from early stage to expansion. Since its creation in 1988 in France – where it pioneered the venture capital industry – and offices today in Paris, Stockholm and San Francisco, Innovacom has helped more than 300 innovative companies in technology, media and telecommunications launch and grow their business internationally. Focused on hardware, software and contents bringing high value to people and organizations, its 100+ portfolio exits through trade, sale or IPO include success stories such as Business Objects (acquired by Oracle), Gemplus (now Gemalto), Kelkoo (acquired by Yahoo), Tumbleweed (merged with Axway), Soitec (listed), Auféminin (now part of Axel Springer), Inventel (acquired by Thomson), Netezza (acquired by IBM), Bytemobile (acquired by Citrix), Netcentrex (acquired by Comverse), Mobile Complete (acquired by Keynote), Steek (acquired by F Secure), Streamezzo (acquired by Amdocs), Owlient (acquired by Ubisoft) and Digitick (acquired by Vivendi). Working with some of the brightest minds in the information technology business, Innovacom is an active investor, uniquely positioned to provide its portfolio companies with business development support toward the best partners. For more information, visit

CM-CIC Innovation is a subsidiary of CM-CIC Investissement, which specializes in venture capital investment. Its goal is to invest in businesses that develop promising technologies from the upstream stages. CM-CIC Capital Innovation selects companies with strong growth potential in dynamic sectors such as information technology, telecommunications, electronics, life sciences, new materials and the environment. Its policy is to provide long-term equity support for innovative start-ups to smooth their path to success. The level of investment is adapted on a case-by-case basis, ranging generally from €0.5 million to €5 million, with these funds injected in installments to address ongoing development needs. Visit for more information.

IRDInov is a €33.6-million interregional investment fund, created with the support of Fonds National d’Amorçage (FNA) – managed by BPIfrance, IRDI, the Midi-Pyrénées and Aquitaine regions and regional bank partners that include Caisse d’Epargne Midi-Pyrénées, BNP Paribas, Caisse Régionales du Crédit Agricole Mutuel d’Aquitaine, Toulouse, Pyrénées Gascogne et Nord Midi-Pyrénées and SFAP (associated with CIC). Investment strategy is focused on spin-offs coming from companies, public or private research institutes in all innovative and industrial sectors. IRDInov invests (in several rounds) between €500 thousand and €3 million in innovative companies, from early phase to development phase, that are located in Aquitaine, Midi-Pyrénées or Limousin. The fund belongs to the IRDI Group, managing more than €140 million. Created more than 30 years ago, this is an important player in the field of regional capital investment, capital development and capital transmission. Visit

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