UbiQD Secures $20 Million to Scale Quantum Dot Technology Across Industries
April 24, 2025 UbiQD, a global leader in quantum dot (QD) technology, announced the close of its $20 million Series B financing round on April 23. The round was led by Phoenix Venture Partners (PVP), with participation from Builders VC, Azura Group, Builders Vision, Stout Street Capital, Seraph Partners, Scout Ventures, New Mexico Vintage Fund, and others.
Innovative Technology for High-growth Markets
UbiQD’s proprietary quantum dot technology is advancing light utilization in greenhouse agriculture, solar energy, security and other industries. By enhancing the efficiency, durability, and sustainability of fluorescence in these applications, the company is addressing key challenges across multiple sectors.
The company’s innovations build on the work recognized by the 2023 Nobel Prize in Chemistry, awarded for the discovery and development of quantum dots. Some of UbiQD’s core intellectual property includes one of the Nobel laureates as an inventor. These tiny nanocrystals, whose properties change based on their size, have opened new possibilities in light optimization, with applications ranging from solar, display, security, medicine, agriculture, and design.
Fueling Growth and Expansion
Funding from the Series B will be used to scale up manufacturing, expand R&D capabilities, strengthen intellectual property, enhance marketing efforts, and support working capital needs. Additionally, UbiQD is making upgrades to its existing facilities in Los Alamos, N.M., and new infrastructure is planned as part of its broader expansion strategy. A key milestone in UbiQD’s growth roadmap includes plans to build the globe’s largest and most efficient QD supply chain.
For the solar industry, quantum dots can improve energy conversion efficiency, ultimately lowering cost-per-watt for photovoltaic panels. In February, UbiQD announced the acquisition of Blue Dot Photonics, a company specializing in enhancing solar module performance using perovskite-based quantum-cutting materials. With this acquisition, UbiQD is positioned to drive down costs and enhance the adoption of advanced solar technologies.
