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

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Israeli lab-developed diamonds (LGD) producer LUSIX has introduced the completion of a $90 million financing spherical from LVMH Luxurious Ventures, Ragnar Crossover Fund and Additional Investments.

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Rehovot-primarily based LUSIX mentioned that it will use the cash to expand production capacity in Israel with a second 100% solar-run facility, which will begin production this summer, as well as other initiatives. The new facility will allow LUSIX to provide soaring throughout the world need for LGD.

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

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Above the many years, LUSIX has grow to be a environment chief in the diamond developing procedure and its innovation and sustainability.

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Landa, claimed: “We are thrilled and very pleased to welcome this sort of high-profile traders, most notably LVMH Luxury Ventures, bringing their economical support and important market insights. Their enable will add tremendously to our company’s achievement while the implications of this investment decision, both of those for LUSIX and for the lab-developed diamond phase, are profound – and so thrilling!”

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Posted by Globes, Israel company 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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