News: LEDs
31 January 2025
VueReal raises US$40.5m in Series C funding round
Micro-LED technology firm VueReal Inc of Waterloo, ON, Canada has secured access to US$40.5m in a Series C funding round was led by Export Development Canada (EDC) joined by existing VueReal investors including Cycle Capital, BDC Capital’s Cleantech Practice, and TDK Ventures. The investment will enable VueReal to scale its production capabilities and enhance its ecosystem to support partners in achieving their goals of integrating micro-LEDs in commercial production.
VueReal says that the funding positions it to bring micro-LED and other micro semiconductor solutions to market at scale. With its MicroSolid Printing technology, the firm reckons that it has created a path for cost-effective, high-volume micro-LED production while addressing the critical transfer challenge and enabling unprecedented efficiency, scalability, performance and affordability for applications including consumer electronics, automotive and healthcare.
“VueReal has always been committed to delivering and scaling its breakthrough MicroSolid Printing platform to redefine the display and sensing landscape. This latest funding round is a testament to our partners’ confidence in our technology and vision,” says CEO Dr Reza Chaji. “This new capital infusion will enable us to scale the mass production of micro-LED lighting and displays while empowering our partners to enhance their production capabilities. By expanding the ecosystem, we aim to ensure the seamless integration of MicroSolid Printing technology into production lines worldwide,” he adds.
“EDC recognizes VueReal as a pioneer shaping the future of the global micro-LED market,” comments Lissa Bjerkelund, VP investments & mid-market lending at EDC. “VueReal’s cutting-edge technology and commitment to establishing a world-class production platform are pivotal in unlocking the vast potential of micro-LED and other micro semiconductor innovations across industries,” she adds.
“VueReal is transforming the lighting and display industry and creating a scalable, sustainable pathway for advanced manufacturing,” comments Andrée-Lise Méthot, founder & managing partner of Cycle Capital. “We value VueReal’s ability to drive innovation and commercialize the technology through innovative business plans.”
The latest funding follows several recent developments for VueReal, including its partnership with micro-LED suppliers and foundries for cartridge scale-up production and significant patent portfolio growth.
VueReal appoints VP of semiconductor engineering
VueReal appoints Jason K. Ruppert as VP of operations
VueReal appoints Shawn Mills as VP of engineering
