Lexington-based QD Vision raises $20M

QD Vision Inc., a Lexington-based manufacturer of optical components for LCD applications, said today it has closed a $20 million round of funding that will be used to further expand production capacity and fund long-term company growth.

The funding round included all existing investors — North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, DTE Energy Ventures, Passport Capital, Novus Energy Partners and Capricorn Investment Group.

QD Vision said its Color IQ optical components significantly improve LCD color performance by up to 50 percent, and work with all major LCD applications, including LCD TVs, and LCD monitors and mobile displays.

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