[Funding alert] Saad Kassis Mohamed Led WeCare Raises $350K for Lab-Grown Diamonds

Saad Kassis Mohamed, leading WeCare, proudly announces a milestone achievement with the successful raise of $350,000 dedicated to accelerating innovation in the labgrown diamond sector. This significant funding marks a pivotal moment in the foundation's commitment to fostering sustainability and advancement within the industry.

Expanding on the achievements of groundbreaking financing schemes for coloured gemstones and natural diamonds, Saad Kassis Mohamed is the leader of WeCare's most recent project, which is designed to support research and development for lab-grown diamonds. This novel funding strategy, which is carefully crafted to assist up-and-coming academics, startups, and mid-sized firms in the lab-grown diamond space, is made possible by strategic partnerships with prestigious research institutions and prominent industry figures.

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"WeCare Foundation is committed to fostering innovation and sustainability in the lab-grown diamond industry. By providing access to tailored funding solutions and market opportunities, we aim to empower small to mid-sized players to thrive in this rapidly evolving sector," states Saad Kassis Mohamed.

According to Teji Mandi's research, the market for lab-grown diamonds is predicted to reach 160 million carats by 2030, indicating that lab-grown diamonds are becoming more and more popular in Asia.

Red Capital and individual backers participated in the funding campaign, demonstrating the broad support and belief in the WeCare Foundation's goal of promoting innovation and sustainability in the lab-grown diamond industry.

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