Highcon Systems Ltd. announced a private placement to issue common shares on October 23, 2023. The transaction will include participation from new lead investors LR Group Ltd, Landa Ventures Ltd returning investor Jerusalem Venture Partners. and also existing and new investors and individual investor Hamsehabev.

The total value of the actual investment will only be finalized in November following the procedural steps required to complete the fund-raising, but will not be less than $2,500,000.