Israeli lab-developed diamonds (LGD) producer LUSIX has announced the completion of a $90 million funding round from LVMH Luxury Ventures, Ragnar Crossover Fund and Additional Investments.

Rehovot-based LUSIX stated that it will use the resources to extend generation ability in Israel with a second 100% photo voltaic-powered facility, which will begin manufacturing this summertime, as nicely as other initiatives. The new facility will allow LUSIX to serve mounting around the globe desire for LGD.




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LUSIX was founded by serial entrepreneur and inventor Benny Landa, in Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a different organization around cofounder and CTO Dr. Yossi Yayon.

About the years, LUSIX has turn into a planet leader in the diamond developing method and its innovation and sustainability.

Landa, reported: “We are thrilled and proud to welcome such substantial-profile traders, most notably LVMH Luxury Ventures, bringing their money guidance and important market insights. Their support will add considerably to our company’s achievements while the implications of this expense, the two for LUSIX and for the lab-developed diamond segment, are profound – and so interesting!”

Revealed by Globes, Israel small business information – en.globes.co.il – on June 10, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


