QD Vision, Inc., a Lexington, MA-based quantum dot nanomaterials product company, closed a $20m financing.
Backers included existing investors North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, DTE Energy Ventures, Passport Capital, Novus Energy Partners, and Capricorn Investment Group.
The company intends to use the capital to further expand high volume production capacity, and to fund long term company growth.
Led by Jason Carlson, CEO, QD Vision manufactures optical components which aim to improve LCD color performance. The company’s Color IQ works with all major LCD applications, including LCD TVs, LCD monitors and mobile displays.