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 01, 2024, the latest employee count at QD Solar is 13.

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 8th amongst 234 active competitors, of which 52 are funded. It stands 13th in terms of total funding among its competitors.

Who are the top competitors of QD Solar?

QD Solar's top competitors include First Solar, Oxford Photovoltaics and Swift Solar. Among them, QD Solar secured the most recent funding round in March, 2022.

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

QD Solar is an acquired company based in Toronto (Canada), founded in 2014 by Ted Sargent, Sjoerd Hoogland, David Asgeirsson and Joel Liederman. It operates as a Developer pof quantum dot-based photovoltaic cells. QD Solar has raised $7.76M in funding from DSM and Luminate. The company has 234 active competitors, including 52 funded and 32 that have exited. Its top competitors include companies like First Solar, Oxford Photovoltaics and Swift Solar.

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

8^th among 234 active competitors

Employee Count

13 as on Jul 01, 2024

Similar Companies

Swift Solar & 71 more

Exit Details

Acquired by SunDensity (Jun 18, 2024)

View QD Solar's full profile

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	4210826	Series A	4342647	6945447	9257334	3662344
Feb 16, 2021	3318261	Grant (prize money)	3248941	6657231	4033883	Sustainable Development Technology Canada
Feb 13, 2017	4766794	Series A	2319516	1365102	DSM	TIAP & 1 more

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View details of QD Solar's funding rounds and investors

The founders of QD Solar are Ted Sargent, Sjoerd Hoogland, David Asgeirsson and Joel Liederman.

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

Ted Sargent: Co-Founder of QD Solar and founder of 1 other company.
Sjoerd Hoogland: Co-Founder of QD Solar.
David Asgeirsson: Co-Founder of QD Solar.
Joel Liederman: 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 13 employees as of Jul 24. Here is QD Solar's employee count trend over the years:

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Top competitors of QD Solar include First Solar, Oxford Photovoltaics and Swift 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	First Solar 1999, Tempe (United States), Public	Provider of cadmium telluride-based flexible solar modules	-	Triodos Investment Management, GSA Capital Partners ... Read more	69/100
2nd	Oxford Photovoltaics 2010, Oxford (United Kingdom), Series D	Provider of perovskite-based solar cells	$202M	European Investment Bank, European Union ... & 13 others	61/100
3rd	Swift Solar 2017, Golden (United States), Series A	Provider of flexible perovskite solar cells	$42.4M	Toba Capital, Leland Stanford Junior University ... & 19 others	61/100
4th	Anaphite 2016, Bristol (United Kingdom), Series A	Provider of graphene-based nanocomposites	$20.8M	Advanced Propulsion Centre UK, Energy & Environment Investment ... & 77 others	59/100
5th	Jinko Solar 2006, Shanghai (China), Public	Manufacturer of solar modules	$35M	Pitango, Shenzhen Capital Group & 5 others	57/100
6th	Viridian Solar 2007, Cambridge (United Kingdom), Acquired	Manufacturer of roof integrated solar panels	-	-	57/100
7th	Tandem PV 2017, San Francisco (United States), Series A	Developer of a perovskite-based solar cell	$64.4M	Stifel, DOE & 13 others	56/100
8th	QD Solar 2014, Toronto (Canada), Acquired	Developer pof quantum dot-based photovoltaic cells	$7.76M	DSM, Sustainable Development Technology Canada ... & 4 others	48/100
9th	Navitas Solar 2013, Surat (India), Series A	Manufacturer of solar panel	$5.15M	IVY Growth Associates, Lemon Emerging Ventures ... & 37 others	52/100
10th	UbiQD 2014, Los Alamos (United States), Series B	Developer of low-cost quantum dots for industrial applications	$38.4M	EPIC Ventures, Keiretsu Forum & 19 others	52/100