When was QD Solar founded?

QD Solar was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is QD Solar located?

QD Solar is headquartered in Toronto, Canada.

How many employees does QD Solar have?

As of Jul 31, 2026, the latest employee count at QD Solar is 3.

Is QD Solar a funded company?

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 (prize money) round, raised on Mar 23, 2016.

When was the latest funding round of QD Solar?

QD Solar's latest funding was a $***** Series A round on Mar 23, 2022, with participation from 1 investor.

Where does QD Solar rank among its competitors?

QD Solar ranks 53rd amongst 338 active competitors, of which 53 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Tandem PV, which secured $7.7M in Aug, 2026.

Who are the top competitors of QD Solar?

QD Solar's top competitors include Waaree Energies, First Solar and Jinko Solar. Among them, Tandem PV secured the most recent funding round in August, 2026.

QD Solar - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of quantum dot-based photovoltaic cells. It provides users with a company that manufactures photovoltaic cells using colloidal quantum dot technology. Its thin-film sheet integrated into conventional silicon solar panels has the potential to increase the energy output of solar panels.

Website: qdsolarinc.com
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Key Metrics

Founded Year

2014

Location

Toronto, Canada

Stage

Acquired

Total Funding

$7.76M in 4 rounds

Latest Funding Round

Series A, Mar 23, 2022, $*****

Investors

DSM & 5 more

Ranked

53^rd among 338 active competitors

Employee Count

3 as on Jul 31, 2026

Similar Companies

Nanosys & 73 more

Exit Details

Acquired by SunDensity (Jun 18, 2024)

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QD Solar got acquired by SunDensity on Jun 18, 2024.

Click here to take a look at QD Solar's acquisition in detail

QD Solar has raised a total funding of $7.76M over 4 rounds. Its first funding round was on Mar 23, 2016. Its latest funding round was a Series A round on Mar 23, 2022 for $*****. 1 investor participated in its latest round. QD Solar has 6 institutional investors.

Here is the list of recent funding rounds of QD Solar:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 23, 2022	4832923	Series A	3855214	1760934	4267151	7055808
Feb 16, 2021	1929629	Grant (prize money)	1347454	8675635	4107917	Sustainable Development Technology Canada
Feb 13, 2017	9467605	Series A	5435524	8711571	DSM	TIAP & 1 more

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View details of QD Solar's funding rounds and investors

The founders of QD Solar is David Asgeirsson.

Here are the details of QD Solar's key team members:

David Asgeirsson: Co-Founder of QD Solar.
Dan Shea: CEO of QD Solar.
Contact Info: 1 email address and 1 phone number

View details of QD Solar's Founder profiles and Board Members

QD Solar's employee count trend

QD Solar has 3 employees as of Jul 26. Here is QD Solar's employee count trend over the years:

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Top competitors of QD Solar include Waaree Energies, First Solar and Jinko Solar. Here is the list of Top 10 competitors of QD Solar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Waaree Energies 1990, Mumbai (India), Public	Manufacturer of solar PV modules	$261M	ValueQuest, Dharamshi Securities & 189 others	73/100
2nd	First Solar 1999, Tempe (United States), Public	Provider of cadmium telluride-based flexible solar modules	-	Triodos Investment Management, GSA Capital Partners ... & 1 others	70/100
3rd	Jinko Solar 2006, Shanghai (China), Acquired	Manufacturer of solar modules	$35M	China Israel Value Capital, Pitango & 5 others	68/100
4th	Premier Energies 1995, Secunderabad (India), Public	Manufacturer and supplier of solar cells and modules with a focus on sustainable energy solutions	$44M	Eclat Health, Intersolar & 7 others	67/100
5th	Exeger 2009, Stockholm (Sweden), Series B	Manufacturer of solar cells	$50.1M	Fortum, Ilija Batljan Invest & 24 others	66/100
6th	Nanosys 2001, Milpitas (United States), Acquired	Developer of nanotechnology-based displays	$267M	Samsung Venture Investment, Arch Venture Partners ... & 30 others	65/100
7th	Swift Solar 2017, Golden (United States), Series A	Provider of flexible perovskite solar cells	$42.4M	Eni Next, Good Growth Capital & 20 others	65/100
8th	GREW 2022, Ahmedabad (India), Series A	Manufacturer of solar modules and provider of solar energy solutions	$3.46M	Chiripal Group, Vishal Fabrics & 3 others	64/100
9th	Tandem PV 2017, San Francisco (United States), Series A	Developer of a perovskite-based solar cell	$64.4M	Planetary Technologies, Incite & 13 others	63/100
10th	Oxford Photovoltaics 2010, Oxford (United Kingdom), Series D	Manufacturer of tandem solar cells combining perovskite and silicon layers	$239M	Legal & General Capital, MTI Partners & 13 others	62/100
53rd	QD Solar 2014, Toronto (Canada), Acquired	Developer pof quantum dot-based photovoltaic cells	$7.76M	DSM, Sustainable Development Technology Canada ... & 4 others	41/100