MicroLED manufacturer VueReal completes US$40.5 million in Series C financing

On January 30, Canadian Micro LED technology developer VueReal announced that the company had received US$40.5 million in Series C financing.

This round of financing was led by Export Development Canada, with participation from existing investors CycleCapital, BDC Capital’s Clean Technology Fund and TDK Ventures. VueReal will use funds from this financing to expand its production capabilities and strengthen its global ecosystem to support partners in achieving their goals of integrating Micro LED into commercial production.

The funding will enable VueReal to bring its Micro LED and other micro semiconductor solutions to market at scale.

It is reported that VueReal’s core technology is MicroSolid Printing™, which transfers Micro LED chips from wafers to backplanes through an efficient mass transfer process, achieving high-yield, low-defect rate and high-performance Micro LED display production. This technology has been used in many fields, including consumer electronics, automobiles and medical devices. VueReal’s proprietary technology provides a feasible solution for cost-effective large-scale Micro LED production.

Dr. Reza Chaji, CEO of VueReal, said that this financing will enable the company to expand the mass production scale of Micro LED lighting and displays, while allowing partners to increase their production capabilities. By expanding the ecosystem, the company aims to ensure that MicroSolid Printing™ technology is seamlessly integrated into production lines worldwide.

According to data, in addition to its core technology platform MicroSolid Printing™, VueReal also has low-cost, high-performance Micro LED large-scale display technology solution QuantumVue™; full-color AR microdisplay solution ColourFusion™.

In order to accelerate the company's Micro LED technology to the downstream display application market, VueReal has successively reached cooperation with Singapore's ASMPT, Germany's Continental, Japan's Toray Engineering, etc. in recent years to further enhance the production of Micro LED related technologies and related end products.

With the completion of this financing, according to public statistics, VueReal has completed 4 rounds of financing since its establishment, with the total financing amount reaching approximately US$65.4 million.