Key Takeaways
- UbiQD secures $20 million in Series B funding led by Phoenix Venture Partners.
- The company aims to expand quantum dot manufacturing and R&D capacity.
- Strategic acquisition of Blue Dot Systems boosts solar technology capabilities.
- Applications include agriculture, solar energy, and security.
- UbiQD plans to establish a large-scale quantum dot production facility in New Mexico.
Investment to Advance Nano-Materials Innovation
UbiQD, a company specializing in quantum dot (QD) technology, announced the completion of a $20 million Series B financing round. The investment, led by Phoenix Venture Partners, includes contributions from Builders VC, Azura Group, and other notable backers. The funds are expected to support the company’s growth in manufacturing, R&D, and commercial development across multiple industries.
“UbiQD is doing exactly what we look for in deep tech investments—translating scientific innovation into real-world impact,” said Dr. Sheng Peng, Partner at Phoenix Venture Partners.
UbiQD Expands Commercial Focus in Solar and Agriculture
Quantum dot materials—tiny semiconductor nanocrystals—enable light optimization in agriculture, solar panels, displays, and other technologies. UbiQD, which holds patents co-invented by Nobel laureates, is using these materials to improve crop yields and solar energy efficiency. The company’s greenhouse product, UbiGro, is already deployed to optimize lighting for plant growth.
In the solar sector, UbiQD continues its collaboration with First Solar and recently acquired Blue Dot Systems, which develops perovskite-based materials for photovoltaic enhancement. The acquisition aims to improve energy conversion efficiency and reduce material costs.
Manufacturing Growth and National Lab Partnerships
The new funding will support the development of what UbiQD describes as the “world’s largest and most efficient” quantum dot production facility in New Mexico. The company is also upgrading current infrastructure to accommodate increased demand.
UbiQD is furthering its R&D with Los Alamos National Lab to optimize emission properties for energy applications, aligning with earlier pilot program support from the New Mexico Economic Development Department.
UbiQD & Builders VC Leadership Comments
Hunter McDaniel, CEO of UbiQD, stated: “Quantum dots are central to a new era of materials science. This funding allows us to scale responsibly and position New Mexico as a leader in the field.”
Jim Kim, General Partner at Builders VC, added: “UbiQD has moved beyond the lab. With growing market adoption and new infrastructure in development, their commercial prospects are strong.”
