China-based microLED microdisplay developer JBD has successfully completed its Series B2 financing round, raising $140 million USD (1 billion RMB). The round was led by Hundun Investment and CITIC Jingshi. Other VCs that participated include previous investors CITIC Securities, Lightspeed China Partners, Yinbai Investment, Zhiwei Capital, and more.
JBD says that it will use the funds to accelerate it's microLED microdisplay R&D, and commercialize its new technologies.
This new round comes only a few months after JBD completed its series B1 round, raising a few "hundreds of millions" of yuan, which could mean from around $30 million USD to almost $150 million.
In 2024, JBD raised its A4 round, which was also said to be in the range of "hundreds of millions of Yuan". The company's previous investors include Alibaba, Samsung, BYD and Geely. BYD is said to be working with JBD to develop MicroLED automotive applications.
In 2023 JBD announced that its $92 million production line in Hefei is starting production. The production line's total capacity is 120 million 0.13" panels, but it hasn't yet reached its full capacity.
JBD is the first company that has been mass producing microLED microdisplays. The company reported several design wins, including with Xiaomi, TCL, Alibaba, Vuzix and likely Meta for its Orion glasses. In 2023, JBD started shipping engineering samples of single-panel RGB microLED microdisplays, branding these as the Phoenix series, while its monochrome panels are now branded as Hummingbird. The Phoenix series is designed to be used with 50+ degree FOV waveguides.
In October 2025, JBD launched its new microLED microdisplay platform, branded as Roadrunner, increasing the resolution to 10,160 PPI (pixel pitch of 2.5 micron). JBD says that it is progressing towards mass production of these new displays, with a phased market rollout expected in the second half of 2026.
