Nitride Solutions Inc., a developer of next-generation nitride substrates for LEDs, lasers and power electronics, announced that it has closed its Series A financing. The round was oversubscribed and closed at $2.5M. Nebraska Angels and Aurora UV again joined lead investor Midwest Venture Alliance in completing the round. Nitride will use the funding to perfect the technology and begin sampling in Q1.
“We were very gratified with the momentum that built during our fund raising,” said Jeremy Jones, president and CEO of Nitride Solutions. "I think it is clear evidence of the excitement from investors regarding our technology and market potential."