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

Rehovot-based LUSIX stated that it will use the resources to extend output capability in Israel with a next 100% photo voltaic-run facility, which will commence production this summer months, as nicely as other initiatives. The new facility will enable LUSIX to provide soaring globally demand for LGD.




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

More than the yrs, LUSIX has turn into a earth leader in the diamond escalating process and its innovation and sustainability.

Landa, said: “We are thrilled and happy to welcome this kind of substantial-profile investors, most notably LVMH Luxury Ventures, bringing their monetary support and valuable market insights. Their aid will add considerably to our company’s results while the implications of this expenditure, both of those for LUSIX and for the lab-developed diamond section, are profound – and so remarkable!”

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

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