ACapital injects €850,000 into EpiGan

Previous backers include Capricorn Ventures, Robert Bosch Venture Capital and LRM, who all remain invested in the group alongside new joiner ACapital.

ACapital's entry into the group will mostly serve the group's planned expansion into Asia, in particular China, and will help sustain organic growth. EpiGan recorded a €1.5m turnover for 2015, down from €2.3m a couple of years ago.

Previous funding
In July 2011, Capricorn, Robert Bosch VC and LRM invested €4m in EpiGan. Capricorn invested through the Capricorn Cleantech Fund, which had closed on €100m in 2008. Robert Bosch VC is the venture arm of the Bosch corporation, while LRM is a venture capital firm investing in the Limburg region. The series-A round of funding allowed EpiGan to launch volume production of GaN-on-silicon (gallium nitride on silicon) wafers.

Company
Established in 2010 as a spinout of nano-technology company Imec, EpiGan is a renewable energy equipment company using the technique of epitaxy, based on metal-organic chemical vapour deposition. The technology is designed to enhance power management efficiency, implement renewable energy sources and enable cleaner transportation technologies with reduced environmental impact.

Headquartered in Leuven, Flanders, the company most recently recorded a €1.5m turnover, 25% of which is made in Belgium and 70% in the rest of the EU. 

People
ACapital – Andre Loesekrug-Pietri (founder, managing partner).
Capricorn Ventures – Marc Lambrechts (senior investment manager).
Robert Bosch Venture Capital – Gadi Toren (investment partner).
LRM – Stijn Bijnens (CEO).

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