Another $3M for QD Vision

Wade Roush1/21/10

Little more than a month after announcing a $10 million round of venture financing, nanotech lighting startup QD Vision of Watertown, MA, said today that it has raised an additional $3 million from DTE Energy Ventures, a subsidiary of Detroit, MI-based power company Detroit Edison.“QD Vision’s Quantum Light platform will help lighting and display manufacturers reduce the carbon footprint of their products even as they continue delivering higher quality, better efficiency and lower costs for customers,” DTE Energy Ventures president Knut Simonsen said in a statement. QD Vision, a 2004 MIT spinoff also funded by North Bridge Venture Partners, Highland Capital Partners, and In-Q-Tel, has now raised $33 million altogether.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.