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

Rehovot-dependent LUSIX mentioned that it will use the resources to increase manufacturing capacity in Israel with a 2nd 100% photo voltaic-run facility, which will begin production this summer months, as perfectly as other initiatives. The new facility will enable LUSIX to provide increasing worldwide need for LGD.




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

More than the many years, LUSIX has become a globe leader in the diamond escalating method and its innovation and sustainability.

Landa, stated: “We are thrilled and proud to welcome these superior-profile investors, most notably LVMH Luxury Ventures, bringing their monetary support and beneficial sector insights. Their aid will contribute drastically to our company’s success although the implications of this financial investment, both equally for LUSIX and for the lab-developed diamond section, are profound – and so exciting!”

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

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