About QD Solar
QD Solar is a company based in Toronto (Canada) founded in 2014 by Joel Liederman, Ted Sargent, and Sjoerd Hoogland was acquired by SunDensity in June 2024. QD Solar has raised $7.76 million across 4 funding rounds from investors including dsm-firmenich, King Abdullah University of Science and Technology and SunDensity. QD Solar offers products and services including Perovskite Solar Photovoltaics and Quantum Dot Solar Technology. QD Solar operates in a competitive market with competitors including Exeger, First Solar, Q-Cells, Oxford Photovoltaics and Swift Solar, among others.
- Headquarter Toronto, Canada
- Founders Joel Liederman, Ted Sargent, Sjoerd Hoogland
- SectorsTechnologyEnergy & Utilities Chemicals & Materials
- Website qdsolarinc.com
- Social LinkedIn X
- Acquired by SunDensity (Jun 2024)
- Legal Name Qd Solar Inc
- Total Equity Funding$7.76M (USD)
in 4 rounds
- Latest Funding Round$100K (USD), Series A
Mar 2022
- Investorsdsm-firmenich
& 5 more
- Acquired bySunDensity
(Jun 2024)
Products & Services of QD Solar
QD Solar offers a comprehensive portfolio of products and services, including Perovskite Solar Photovoltaics and Quantum Dot Solar Technology.
Develops high-efficiency solar cells using perovskite layers for better energy density.
Enhances solar radiation harvest through quantum dot integration in photovoltaics.
Funding Insights of QD Solar
QD Solar has successfully raised a total of $7.76M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $100 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.76M
- Total Rounds 4
- Last Round Series A — $100,000
- First Round $2.55M
(Mar 2016)
- Investors Count 5
All 4 funding rounds of QD Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
6 investors in total: 6 institutional.
Investors in QD Solar
QD Solar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include dsm-firmenich, King Abdullah University of Science and Technology and SunDensity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AR/VR and biophotonics accelerator program is operated in Rochester. | – | luminate.org | Rochester, United States | |
Venture capital firm focused on investing in clean tech sectors | – | sdtc.ca | Ottawa, Canada | |
Early-stage health science technologies are developed into business ventures by TIAP. | – | tiap.ca | Toronto, Canada | |
Health, nutrition, and bioscience solutions are delivered worldwide. | 1902 | dsm.com | Heerlen, Netherlands | |
Engineering and science courses are provided by the university. | 2009 | kaust.edu.sa | Jeddah, Saudi Arabia | |
Photonic smart coatings are developed to boost solar module efficiency. | 2016 | sundensity.us | Rochester, United States |
Investor details for QD Solar
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People of QD Solar
5 people are tracked at QD Solar (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Joel Liederman | Co-Founder | Leadership |
Ted Sargent | Co-Founder | Leadership |
Sjoerd Hoogland | Co-Founder | Leadership |
Dan Shea | CEO & Director | Leadership |
Juri Möbus | Photovoltaics Chemistry Lead | Team |
Complete people profiles for QD Solar
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Timeline of QD Solar
4 dated milestones of QD Solar across 10 years, from founding to its latest funding, stage changes and deals.
- Founded QD Solar is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $100K.
- Exit Acquired by SunDensity.
Competitors of QD Solar
QD Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Exeger, First Solar, Q-Cells, Oxford Photovoltaics and Swift Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| exeger.com | 2009 | Stockholm, Sweden | $45.06M | – | Solar cells are manufactured with proprietary dye-sensitized technology. | |
| firstsolar.com | 1999 | Tempe, United States | – | 6,700 | Provider of cadmium telluride-based flexible solar modules | |
| q-cells.com | 1999 | Bitterfeld Wolfen, Germany | $14.05M | – | Manufactures and sells solar modules for eco-friendly power generation globally. | |
| oxfordpv.com | 2010 | Oxford, United Kingdom | $202.24M | 115 | Perovskite-based solar cells are provided for BIPV applications. | |
| swiftsolar.com | 2017 | Golden, United States | $42.39M | 19 | Flexible perovskite solar cells are provided using hybrid halide materials. | |
| nanosys.com | 2001 | Milpitas, United States | $267.07M | 16 | Quantum dots for nanotechnology-based LED displays are developed. | |
| altadevices.com | 2008 | Santa Clara, United States | $72M | 286 | Mobile power technology. | |
| anaphite.com | 2016 | Bristol, United Kingdom | $20.76M | 25 | Graphene-based nanocomposites are supplied for air purification and battery applications. | |
| tandempv.com | 2017 | San Francisco, United States | $64.4M | – | Developer of a perovskite-based solar cell | |
| jinkosolar.com | 2006 | Shanghai, China | $35M | – | Solar modules are manufactured using bifacial and half-cell technologies. |
Detailed competitors of QD Solar
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Web traffic of QD Solar
The website of QD Solar (qdsolarinc.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 56.5% vs previous month
Latest news on Qd Solar
Complete news archive for QD Solar
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Similar companies to QD Solar
10 companies that operate in the same segment as QD Solar (Nanotechnology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Nanopore-based electronic systems for single-molecule analysis are developed. | 2005 | Oxford, Oxfordshire, United Kingdom | USD 1.3 B | USD 301.49 M | 1,480 | |
Developer of technologies for analysis of genetic variation and function | 1993 | San Diego, California, United States | USD 28 M | USD 1.44 M | 29 | |
RNA interference-based therapeutics are developed for multiple disorders. | 2002 | Cambridge, Massachusetts, United States | USD 17 M | USD 3.71 B | 2,230 | |
Technology tools and systems for molecular scale are developed. | 1959 | Abingdon, Oxfordshire, United Kingdom | – | USD 648.1 M | – | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 | |
Nanotech-based electrode materials for supercapacitors are provided. | 2009 | Boston, Massachusetts, United States | USD 163.32 M | – | 66 | |
Instrument systems and software for single-molecule real-time sequencing are developed. | 2004 | Menlo Park, California, United States | USD 395 M | USD 160 M | 575 | |
Nanotech-based wound care products are developed and provided. | 2010 | Madison, Wisconsin, United States | USD 22.7 M | – | 35 | |
Conductive nanocoatings are delivered via atomic layer deposition technology. | 2013 | Boulder, Colorado, United States | USD 202.75 M | – | – | |
RNA therapeutics for hematology and cardiovascular diseases are developed. | 1999 | London, England, United Kingdom | – | USD 559 K | 116 |
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Frequently Asked Questions about QD Solar
QD Solar was founded in 2014 and raised its 1st funding round 2 years after it was founded.
QD Solar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
QD Solar is a funded company, having raised a total of $7.76M across 4 funding rounds to date. The company's 1st funding round was a Grant of $2.55M, raised on Mar 2016.
QD Solar was founded in 2014 in Toronto, Canada, within the renewable energy sector. Colloidal quantum dot technology is employed to manufacture photovoltaic cells. Thin-film sheets created through this process are designed for integration into standard silicon solar panels. Energy output from these panels is enhanced by the added layer. Operations center on advancing photovoltaic efficiency for broader solar applications.
QD Solar's top competitors include First Solar, Oxford Photovoltaics and Anaphite.
QD Solar offers Perovskite Solar Photovoltaics and Quantum Dot Solar Technology.
QD Solar has 6 investors. Key investors include dsm-firmenich, King Abdullah University of Science and Technology, SunDensity, Luminate, and Sustainable Development Technology Canada.
QD Solar operates through Qd Solar Inc.
Yes. QD Solar was acquired by SunDensity in June 2024.