Hexagem AB

Hexagem AB is a technology company specializing in high-quality Gallium Nitride (GaN) on Silicon wafers and Indium Gallium Nitride (InGaN) templates, targeting sectors such as power electronics and microLED applications. Hexagem AB was founded in 2015 in Lund, Sweden, focusing on semiconductor materials. The company has not reported any major pivots in its business strategy. It was established under the efforts of founder Jonas Ohlsson.

In January 2017, Hexagem raised SEK 2 million in Seed funding led by ALMI Invest, which is the total amount raised to date. They have engaged in a single deal since their inception. Hexagem specializes in the development of high-quality Gallium Nitride (GaN) on Silicon wafers and high indium-content Indium Gallium Nitride (InGaN) templates on Silicon. Their core product offerings are primarily aimed at power electronics and microLED applications, focusing on providing low defect density GaN layers that enable vertical device designs capable of withstanding 1200V.

The InGaN templates cater to the microLED market by supporting red, green, and blue emission from sub-micron pixels, thus serving various applications in advanced display technologies. The company targets a diverse client base across industries such as consumer electronics, automotive, and telecommunications, with products sold primarily in North America, Europe, and parts of Asia, including China. In the most recent fiscal year of 2022, Hexagem reported revenue of SEK 138,227. 2 and an EBITDA of SEK -28,003.

9, indicating operational metrics during that period. Hexagem plans to launch new products that enhance their GaN and InGaN offerings but has not specified release dates. They are considering expanding into additional markets in North America and Asia by 2025, leveraging recent Seed funding raised in January 2017 to develop product enhancements and support market entry initiatives.