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BGF

Growth Equity·London, UK·GBP 2.5B balance sheet; committed GBP 3B over 2025-2030

BGF, founded in 2011 as the Business Growth Fund, is one of the UK's most active growth capital investors, backing small and mid-sized businesses across the UK and Ireland. Investing from a balance sheet of GBP 2.5 billion, BGF takes a long-term, non-controlling approach across early-stage, growth-stage, and quoted companies. Its deep tech portfolio includes battery startup Gaussion, metals recycling innovator DEScycle, and autonomous vehicle software developer Oxbotica. To date, BGF has invested over GBP 4 billion in more than 600 companies.

Focus Areas

Deep TechLife SciencesClimate & SustainabilityAdvanced ManufacturingAI & DataHealthcareEnergy & Resources
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1 company in our directory

Cambridge GaN Devices logo

Cambridge GaN Devices

Hiring
Semiconductors·Series C

Cambridge GaN Devices was spun out from Cambridge University's Department of Engineering in 2016 by Dr Giorgia Longobardi (CEO) and Professor Florin Udrea (CTO). The fabless semiconductor company designs and commercialises gallium nitride power transistors and integrated circuits through its proprietary ICeGaN technology, enabling energy efficiency levels exceeding 99% and reducing energy consumption by up to 50% in applications including data centre power supplies and automotive electric vehicles. The technology builds on decades of GaN research at Cambridge, with Udrea's work recognised through induction into the ISPSD Hall of Fame. The company raised $32M in a Series C in February 2025, bringing total funding to over $60M from investors including IQ Capital, ParkWalk, BGF, Cambridge Innovation Capital, Foresight Group, and British Patient Capital.