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

Rehovot-based mostly LUSIX mentioned that it will use the cash to increase output potential in Israel with a 2nd 100% solar-powered facility, which will start production this summer months, as properly as other initiatives. The new facility will empower LUSIX to serve climbing worldwide demand for LGD.




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LUSIX was established by serial entrepreneur and inventor Benny Landa, in just Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a separate small business all around cofounder and CTO Dr. Yossi Yayon.

Over the several years, LUSIX has become a earth leader in the diamond increasing method and its innovation and sustainability.

Landa, reported: “We are thrilled and proud to welcome this sort of large-profile traders, most notably LVMH Luxury Ventures, bringing their monetary support and useful field insights. Their assist will lead tremendously to our company’s results whilst the implications of this expense, both equally for LUSIX and for the lab-grown diamond segment, are profound – and so fascinating!”

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

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