UbiQD, Inc., a Los Alamos, NM-based advanced materials company powering product innovation in agriculture, clean energy, and security, closed a $7M Series A funding round.
The round was co-led by Scout Ventures and Keiretsu Forum, with participation from Sun Mountain Capital, Epic Ventures, Plug and Play Ventures, Arcview Collective Fund, and others. In conjunction with the funding, Brad Harrison from Scout Ventures, and Brian Lewis from Sun Mountain Capital, joined UbiQD’s board of directors.
The company intends to use the funds to continue scaling the rollout of its first commercial product, UbiGro®, and development of more advanced UbiGro products, including new ‘light recipes’ tailored to maximize the benefit for specific crops and particular geographic regions.
Led by Founder and CEO Hunter McDaniel, UbiQD is an advanced materials company powering product innovations in agriculture, clean energy, and security. Its first product, UbiGro®, is a layer of light that uses fluorescence to create a more optimal greenhouse spectrum for crops. The company is licensing technology developed at leading research institutions, including Los Alamos National Laboratory and MIT.
Customers include major international greenhouse operations covering millions of square feet.