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 More Investments.

Rehovot-based mostly LUSIX stated that it will use the funds to grow production capacity in Israel with a second 100% photo voltaic-powered facility, which will start creation this summer time, as nicely as other initiatives. The new facility will empower LUSIX to serve increasing globally demand for LGD.




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

Over the yrs, LUSIX has come to be a entire world chief in the diamond expanding procedure and its innovation and sustainability.

Landa, claimed: “We are thrilled and very pleased to welcome these large-profile investors, most notably LVMH Luxurious Ventures, bringing their monetary support and valuable field insights. Their help will add significantly to our company’s achievement even though the implications of this investment, the two for LUSIX and for the lab-developed diamond phase, are profound – and so enjoyable!”

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

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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