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

Rehovot-primarily based LUSIX stated that it will use the funds to expand output potential in Israel with a 2nd 100% solar-run facility, which will commence output this summertime, as perfectly as other initiatives. The new facility will enable LUSIX to serve rising throughout the world demand for LGD.




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LUSIX was founded by serial entrepreneur and inventor Benny Landa, within Landa Labs, the science innovation and incubation system of the Landa Team. LUSIX was spun-off in 2016 as a individual business enterprise all over cofounder and CTO Dr. Yossi Yayon.

More than the yrs, LUSIX has turn into a planet chief in the diamond developing course of action and its innovation and sustainability.

Landa, mentioned: “We are thrilled and very pleased to welcome such higher-profile traders, most notably LVMH Luxury Ventures, bringing their economic guidance and useful field insights. Their help will contribute tremendously to our company’s achievements whilst the implications of this financial investment, equally for LUSIX and for the lab-grown diamond section, are profound – and so exciting!”

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

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


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