Saint-Helene du Lac, France, 12 February 2025
MIG AG, through its MIG Fonds, has kicked off the year with a seed investment in deep-tech company Zadient Technologies, based in Chambéry, France and founded in 2020. Joining the financing round led by MIG is Vestel Ventures, the investment arm of Turkey’s leading consumer electronics manufacturer Vestel.
MIG’s involvement in Zadient follows a previous successful investment in the SiC market. In 2018, MIG sold its portfolio company Siltectra, focused on an earlier stage of the value chain, to Infineon for a significant sum. The experience allows MIG Fonds to contribute important expertise, including in the person of Dr. Jan Richter, former CTO of Siltectra, as co-founder of Zadient.
Dr. Sören Hein, Partner of MIG AG, said, “We are pleased to finance a second promising company in the exciting silicon carbide market as well as contributing our network and experience.”
ABOUT ZADIENT
Founded in 2020, Zadient is an innovator in the field of silicon carbide semiconductor materials. It is headquartered near Chambery, France, where it develops its new crystal growth technologies, and it also has a plant hear Leipzig, Germany where it produces high-purity source material via the chemical vapor deposition (CVD) process. For more information, please visit www.zadient.com.
ABOUT COUNTERPARTY
MIG is a leading German VC investor established in 2004, focused on early to mid-stage Deep Tech and Life Science companies. https://www.mig.ag/en/home/