On November 2, JBD (Shanghai Jade Bird Display Technology Co., Ltd.) announced that it had completed its Series B2 financing round, raising more than RMB 1 billion. The amount sets a new record for the single largest financing round in the global Micro LED micro-display sector.
The B2 round was led by Hundun Capital and CITIC Goldstone Investment, with follow-on investments from CITIC Securities International Capital, CITIC Securities Investment, Lightspeed China Partners, Yinbo Investment, Zhiwei Capital, Jinpu Investment, Puyao Xinye, GF Qianhe, GF Xinde, Zhejiang Youjin, and Pino Capital.
Earlier in August this year, JBD also announced the successful completion of its Series B1 financing, raising several hundred million RMB. Investors in that round included Anhui Railway Fund, Fanghua Fund, Guangyue Investment, Hundun Capital, Ant Unicorn Fund, Shanghai Sci-Tech Innovation Fund, Xichuangtou, and China Merchants China Fund.
Proceeds from the Series B2 round will be used to accelerate innovation and product iteration in JBD’s Micro LED micro-display technologies, to jointly build the consumer-grade AR ecosystem with industry partners, and to transform JBD’s current technological advantages and commercialization experience into large-scale industrialization capability for the global market.
The year 2025 marks the 10th anniversary of JBD. Its Micro LED products have already been adopted by nearly 50 smart-glasses models worldwide.