Israeli lab-developed diamonds (LGD) producer LUSIX has announced the completion of a $90 million financing spherical from LVMH Luxurious Ventures, Ragnar Crossover Fund and Far more Investments.

Rehovot-dependent LUSIX explained that it will use the money to increase production capacity in Israel with a 2nd 100% solar-run facility, which will begin production this summer season, as very well as other initiatives. The new facility will permit LUSIX to provide climbing around the globe need for LGD.




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LUSIX was established by serial entrepreneur and inventor Benny Landa, inside Landa Labs, the science innovation and incubation platform of the Landa Team. LUSIX was spun-off in 2016 as a individual enterprise all-around cofounder and CTO Dr. Yossi Yayon.

In excess of the many years, LUSIX has come to be a planet leader in the diamond rising method and its innovation and sustainability.

Landa, stated: “We are thrilled and proud to welcome this sort of higher-profile traders, most notably LVMH Luxury Ventures, bringing their fiscal help and important field insights. Their aid will add enormously to our company’s achievement whilst the implications of this financial investment, both of those for LUSIX and for the lab-developed diamond phase, are profound – and so remarkable!”

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

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