Israeli lab-grown diamonds (LGD) producer LUSIX has introduced the completion of a $90 million funding spherical from LVMH Luxury Ventures, Ragnar Crossover Fund and Extra Investments.

Rehovot-based LUSIX mentioned that it will use the money to expand creation capability in Israel with a next 100% photo voltaic-run facility, which will commence creation this summer months, as effectively as other initiatives. The new facility will help LUSIX to provide mounting worldwide demand from customers for LGD.




Relevant Article content




Landa Electronic Printing raises $300m



Landa’s GenCell set for $60m TASE IPO







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

Around the many years, LUSIX has grow to be a planet leader in the diamond expanding process and its innovation and sustainability.

Landa, claimed: “We are thrilled and proud to welcome these higher-profile traders, most notably LVMH Luxury Ventures, bringing their fiscal support and useful sector insights. Their support will contribute tremendously to our company’s achievement even though the implications of this financial investment, each for LUSIX and for the lab-grown diamond phase, are profound – and so fascinating!”

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

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


