Mojo Vision Closes New Series A Funding Round

Mojo Vision, the high-performance micro-LED company, announced a final close of its $43.5 million new Series A investment round to advance its micro-LED display technology across applications and bring it to commercialization.

The funding round is led by long-time investors New Enterprise Associates (NEA) and Khosla Ventures, and new investor Vanedge Capital, with participation from Shanda Grab Ventures, Dolby Family Ventures, Advantech Capital, Liberty Global Ventures, Drew Perkins, Fusion Fund, Open Field Capital and Knollwood Investment Fund. The final close comes six months after the company announced an initial Series A close of $22.4 million.

The funding comes on the heels of several company milestones including demonstrating the world's highest-density (14K ppi) true red micro-LED microdisplay and successful light-up of the first-ever 300mm blue GaN-on-Silicon micro-LED array wafer.

The micro-LED market is expected to see substantial growth, with estimates indicating 51.7 million units will be shipped by 2030. Mojo Vision developed proprietary High Performance Quantum Dot (HPQD) technology to engineer the world’s smallest and most efficient RGB pixels. The technology is expected to significantly improve performance of augmented reality (AR) and mixed reality (XR) advanced displays.