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ERM acts for Asia based investors on USD 12 million stake in Lumus

ERM acted for the China based Zhejiang Crystal-Optech and Singapore based Vorizon Technology on their Series B round investment in the Israeli company Lumus for USD 15 million as well as a follow-up acquisition of a minority stake for USD 12 million.

Lumus is a maker of transparent near-to-eye displays for augmented reality (AR) and mixed reality (MR) and the funding will be used to increase production capacity as well as to expand R&D capability.

The investment round was led by Zhejiang Crystal-Optech and global private investment firm Shanda Group, with participation from Vorizon Technology.

Roni Abelski, partner in our high-tech and start-ups practice, led the transaction team.

For media coverage of the investment, please click here.

High-Tech and Start-ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.

For more information on the investment or our technology practice, please contact Roni Abelski, or another member of our team.

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