Diamond Customary Co., developer of the world’s solely regulator-approved diamond commodities, as we speak introduced the closing of a $30 million funding spherical co-led by Left Lane Capital and Horizon Kinetics. Further members within the spherical, designed to broaden manufacturing capability and speed up distribution of the world’s solely regulator- authorized diamond commodities, embrace Gaingels and Republic.co.

The elevate comes on the heels of the profitable launch of the Diamond Customary Fund, enabling buyers to allocate to a brand new asset class – diamonds – via handy shares, reasonably than holding bodily diamonds straight. In September 2021, the agency introduced a brand new headquarters on Fifth Avenue, overlooking the New York diamond district and conveniently situated close to the Gemological Institute of America (GIA). Final yr it additionally introduced agreements to develop diamond futures supplied by MGEX^™ through the CME Globex^® platform, and choices through MIAX^™.

By positioning diamonds as a market-traded commodity, Diamond Customary unlocks a pure useful resource presently value $1.2 trillion – greater than all of the world’s silver and platinum mixed. With the latest launch of the Diamond Customary Bar and Diamond Customary Fund, further manufacturing capability is required to fulfill quickly rising investor demand. The agency is hiring aggressively, and constructing a brand new Bar meeting facility in collaboration with the Worldwide Gemological Institute. The agency’s diamonds are graded by the GIA and Worldwide Gemological Institute, and firm operations are internally audited by Deloitte.

“Following 20% returns final yr, the Diamond Customary Coin has continued to generate a constructive return this yr, whereas the S&P 500 is down 14% and bitcoin is down 50%. Buyers want a brand new uncorrelated asset class, and this capital will allow us to extend capability and broaden our choices,” stated Cormac Kinney, Founder and CEO of Diamond Customary.

“The Diamond Customary choices are an ideal match for the contrarian, innovation, worth and inflation safety objectives of Horizon Kinetics and like-minded buyers,” stated Murray Stahl, Co-Founder & CEO of Horizon Kinetics.

“Whereas many buyers and startups over-indexed in direction of digital-backed property, we acquired excited by real-asset backed shops of long-term worth. Buyers have usually held about 20% of market worth for a given commodity. Diamonds have withstood the take a look at of time, and due to Diamond Customary, buyers lastly have entry to the asset class in a handy, secure and trusted method,” stated Jason Fiedler, Managing Associate of Left Lane Capital.

Left Lane Capital has made investments into among the most promising web and client know-how firms in 4 continents. The agency targets companies at key progress inflection factors and leads offers on the Sequence A to C stage.

About Diamond Customary Co.

Diamond Customary Co. is the creator of the world’s solely regulator-approved diamond commodities. By unlocking diamonds as a market-traded asset, Diamond Customary helps buyers to entry a pure useful resource presently value $1.2 trillion – greater than all of the world’s silver and platinum mixed. A breakthrough laborious asset that may be transacted as a blockchain token, the diamond commodity offers diversification, potential inflation safety, and a brand new retailer of wealth for institutional and particular person buyers, whereas bringing transparency and effectivity to the diamond provide chain. To speculate brilliantly, go to www.diamondstandard.co

About Left Lane Capital

Left Lane Capital is a New York-based international enterprise capital agency investing in high-growth web and client know-how firms. Left Lane’s mission is to associate with extraordinary entrepreneurs creating category-defining companies elementary to the human situation and spirit. Earlier investments embrace GoStudent, Masterworks, M1 Finance, Tovala, FightCamp, Wayflyer, Clean Avenue, and extra. For extra info, please go to www.leftlanecap.com.