# Micledi Microdisplays

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/micledi-microdisplays

- Industry: Semiconductors
- Headquarters: Leuven, Belgium
- Website: www.micledi.com/
- Total disclosed funding: $15M
- Latest round: Series A (Mar 12, 2024)
- Investors on record: 6

## About

Founded in 2019 by Soeren Steudel (CTO) and others and based in Leuven, Belgium, Micledi Microdisplays BV develops microLED displays used in augmented reality devices. In March 2024, Micledi Microdisplays BV raised USD 25 million in Series A funding from Imec.xpand, PMV, Federal Holding and Investment Company, KBC Focus Fund, and imec. As of 2024, the company is led by its CEO, Sean Lord.

The company specializes in advanced microLED display modules for augmented reality (AR) applications that offer brightness, resolution, and image quality while maintaining low power consumption. The firm’s microLED modules support resolutions from Full HD to 4K, with brightness reaching up to 10 million nits and power usage around 0.5 watts at Full HD.

The organization plans to use the March 2024 funding to expand the team, design and build an active backplane ASIC, and create a fully functional micro-LED display module that can be used in glasses for AR displays.

## Funding rounds

- Series A, Mar 12, 2024, $10M — PMV, Imec.xpand, KBC Focus Fund, Federal Holding and Investment Company, imec
- Seed, Jan 8, 2020, $5M — PMV, Fidimec, Imec.xpand

## Investors

- PMV (https://capitalatlas.ai/funds/pmv) — Seed, Series A
- Fidimec — Seed
- Imec.xpand (https://capitalatlas.ai/funds/imec-xpand) — Seed, Series A
- KBC Focus Fund (https://capitalatlas.ai/funds/kbc-focus-fund) — Series A
- Federal Holding and Investment Company (https://capitalatlas.ai/funds/federal-holding-and-investment-company) — Series A
- imec — Series A