Benny Landa’s lab grown diamond co LUSIX raises $90m

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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 Far more Investments.

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Rehovot-dependent LUSIX reported that it will use the cash to expand manufacturing potential in Israel with a next 100% solar-powered facility, which will begin generation this summer season, as properly as other initiatives. The new facility will permit LUSIX to serve climbing worldwide need for LGD.

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LUSIX was established 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 small business about cofounder and CTO Dr. Yossi Yayon.

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More than the yrs, LUSIX has become a earth leader in the diamond expanding procedure and its innovation and sustainability.

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Landa, claimed: “We are thrilled and very pleased to welcome these substantial-profile traders, most notably LVMH Luxurious Ventures, bringing their monetary assistance and valuable business insights. Their aid will contribute greatly to our company’s achievement although the implications of this financial commitment, both of those for LUSIX and for the lab-developed diamond phase, are profound – and so fascinating!”

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Published by Globes, Israel enterprise news – en.globes.co.il – on June 10, 2022.

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

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