UbiQD Raises $20 Million Series B to Scale Quantum Dot Technology Across Agriculture and Clean Energy

UbiQD, a Los Alamos, New Mexico–based advanced materials company specializing in quantum dot technology, has raised significant funding to expand manufacturing capacity and accelerate commercialization across agriculture, clean energy, and other industrial markets. Founded to advance next-generation nanomaterials, the company develops proprietary quantum dots—nanoscale semiconductors engineered to manipulate light with high precision—which are used in products designed to improve energy efficiency, crop yields, and optical performance.

In April 2025, UbiQD announced the closing of a $20 million Series B funding round to support the scale-up of its quantum dot manufacturing operations and expand research and development efforts. The round was led by Phoenix Venture Partners, with participation from Builders VC, Azura Group, Builders Vision, Stout Street Capital, Seraph Partners, Scout Ventures, and New Mexico Vintage Fund, among others. The capital is being used to strengthen intellectual property, enhance marketing initiatives, and provide working capital to meet growing demand for UbiQD’s technology.

UbiQD’s quantum dots are central to its commercial offerings, including UbiGro®, a fluorescent film technology designed to optimize light spectra in greenhouses. By converting unused portions of sunlight into wavelengths more beneficial for plant growth, UbiGro helps increase crop yields without additional energy consumption. The technology has been adopted by greenhouse operators seeking more sustainable and cost-effective ways to boost agricultural productivity, positioning UbiQD at the intersection of advanced materials and climate-smart agriculture.

Beyond agriculture, UbiQD is also targeting clean energy markets. The company has expanded its capabilities through the acquisition of Blue Dot Photonics, a firm focused on perovskite-based quantum-cutting materials that can enhance solar module efficiency. This strategic move strengthens UbiQD’s presence in the renewable energy sector and aligns with its broader goal of improving how light is captured and utilized across industries.

In addition to equity financing, UbiQD has secured debt funding to support its growth strategy. In November 2025, the company announced a $6 million venture debt facility from Silicon Valley Bank, a division of First Citizens Bank. The financing is intended to fund facility upgrades and specialized manufacturing equipment at UbiQD’s New Mexico operations, enabling the company to scale production in response to increasing commercial demand while maintaining capital efficiency.

Alongside this financing, UbiQD appointed Tony Beams as chief financial officer to oversee financial planning and capital strategy during its expansion phase. His appointment reflects the company’s focus on building a leadership team capable of supporting rapid growth as UbiQD transitions from pilot-scale production to broader commercial deployment.

The Series B round builds on earlier funding milestones. In 2020, UbiQD raised a $7 million Series A round co-led by Scout Ventures and Keiretsu Forum, with participation from Sun Mountain Capital, Epic Ventures, Plug and Play Ventures, and Arcview Collective Fund. That round supported early commercialization efforts and helped establish UbiQD’s initial manufacturing and product development capabilities. Earlier still, the company received seed-stage backing from Breakout Labs, a science-focused fund that supports early-stage companies translating cutting-edge research into real-world applications.

Investor interest in UbiQD reflects growing demand for advanced materials that can deliver measurable efficiency gains and sustainability benefits. With fresh capital in place, the company is focused on scaling production, expanding partnerships, and accelerating adoption of quantum dot technologies across agriculture, energy, and other light-dependent industries. As commercialization advances, UbiQD aims to establish itself as a leading U.S.-based supplier of quantum dot materials for next-generation applications.