UbiQD Raises $20M in Series B Funding
Summary
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. The company intends to use the funds to scale up manufacturing, expand R&D capabilities, strengthen intellectual property, enhance marketing efforts, and support working capital needs. Founded by CEO Hunter McDaniel, UbiQD specializes in quantum dot manufacturing and technology, improving product innovation in agriculture, clean energy, and security. Its quantum dots enable products that harness the power of color and light, and their greenhouse technology, UbiGro®, uses fluorescence to create a more optimal greenhouse spectrum for crops.