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

Rehovot-dependent LUSIX reported that it will use the money to develop generation capability in Israel with a second 100% solar-driven facility, which will commence generation this summer, as effectively as other initiatives. The new facility will empower LUSIX to provide rising all over the world demand from customers for LGD.




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LUSIX was started by serial entrepreneur and inventor Benny Landa, within just Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a individual business enterprise about cofounder and CTO Dr. Yossi Yayon.

In excess of the many years, LUSIX has become a environment chief in the diamond developing method and its innovation and sustainability.

Landa, said: “We are thrilled and happy to welcome this kind of superior-profile buyers, most notably LVMH Luxury Ventures, bringing their money guidance and beneficial marketplace insights. Their assist will add enormously to our company’s results whilst the implications of this expense, each for LUSIX and for the lab-developed diamond segment, are profound – and so interesting!”

Published by Globes, Israel enterprise information – en.globes.co.il – on June 10, 2022.

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


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