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.