What is HexaTech?
Founded in 2001 and headquartered in Morrisville, NC, HexaTech specializes in the production of high-quality crystal Aluminum Nitride (AlN) substrates. These advanced materials are critical components in various high-tech applications, including power electronics, RF devices, and LED manufacturing, where thermal management and electrical insulation are paramount. The company's focus on AlN substrates positions it within a niche but rapidly growing segment of the semiconductor materials market.
How much funding has HexaTech raised?
HexaTech has raised a total of $7.6M across 5 funding rounds:
Debt
$2M
Debt
$3.1M
Debt
$1.2M
Debt
$750K
Debt
$500K
Debt (2010): $2M, investors not publicly disclosed
Debt (2011): $3.1M, investors not publicly disclosed
Debt (2012): $1.2M, investors not publicly disclosed
Debt (2014): $750K featuring Sevin Rosen Funds, Intersouth Partners, and HIG Growth Partners
Debt (2014): $500K, investors not publicly disclosed
Key Investors in HexaTech
Sevin Rosen Funds
Sevin Rosen Funds (SRF) is a Texas-based venture capital firm credited with pioneering the personal computing revolution in the 1980s and also venture investing in Dallas. It was established in 1981 by L. J. Sevin, a former Texas Instruments engineer, and Ben Rosen, and was one of the leading investors on the US West Coast.
HIG Growth Partners
H.I.G. Capital is a leading global alternative investment firm with billions of capital under management, with a focus on the mid cap segment of the market. Their investment in HexaTech indicates a strategic interest in scaling established companies within the advanced materials industry.
What's next for HexaTech?
With the recent major strategic investment, HexaTech is poised for accelerated growth and expanded market penetration. The company is likely to leverage this capital to enhance its manufacturing capabilities, invest in research and development for next-generation AlN substrate technologies, and potentially broaden its customer base. This funding round signals strong investor confidence in HexaTech's technology and its strategic importance in supporting the advancement of critical electronic components.
See full HexaTech company page
