Benny Landa’s lab grown diamond co LUSIX raises $90m
Israeli lab-grown diamonds (LGD) producer LUSIX has introduced the completion of a $90 million financing round from LVMH Luxury Ventures, Ragnar Crossover Fund and A lot more Investments.

Rehovot-based mostly LUSIX said that it will use the resources to expand creation potential in Israel with a next 100% photo voltaic-driven facility, which will begin production this summertime, as perfectly as other initiatives. The new facility will allow LUSIX to provide soaring around the globe demand for LGD.




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LUSIX was established by serial entrepreneur and inventor Benny Landa, within just Landa Labs, the science innovation and incubation system of the Landa Group. LUSIX was spun-off in 2016 as a different small business close to cofounder and CTO Dr. Yossi Yayon.

Around the decades, LUSIX has become a planet chief in the diamond rising system and its innovation and sustainability.

Landa, mentioned: “We are thrilled and happy to welcome this kind of higher-profile investors, most notably LVMH Luxurious Ventures, bringing their financial assistance and precious field insights. Their assist will lead greatly to our company’s accomplishment whilst the implications of this investment decision, both of those for LUSIX and for the lab-developed diamond segment, are profound – and so enjoyable!”

Published by Globes, Israel business news – en.globes.co.il – on June 10, 2022.

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