QD Laser has raised $33m in funding from more than 20 investors, including Tokyo Century, Axa, NTT Docomo, MTG, Dai-ichi Life Insurance and Nikon-SBI Innovation Fund.

Japan-based semiconductor laser developer QD Laser has raised ¥3.66bn ($32.9m) in funding from a consortium that included several corporate investors, VentureTimes reported on Tuesday.

Insurance providers Axa Life Insurance and Dai-ichi Life Insurance took part, as did sales financing provider Tokyo Century and DG Incubation and NTT Docomo Ventures, subsidiaries of internet company Digital Garage and mobile network operator NTT Docomo respectively.

MTG Ventures, the corporate venturing division of cosmetics and medical devices supplier MTG, also invested, along with Nikon-SBI…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.