Benny Landa’s lab grown diamond co LUSIX raises $90m
Israeli lab-grown diamonds (LGD) producer LUSIX has introduced the completion of a $90 million funding round from LVMH Luxurious Ventures, Ragnar Crossover Fund and Much more Investments.

Rehovot-primarily based LUSIX explained that it will use the resources to develop creation potential in Israel with a next 100% solar-driven facility, which will commence generation this summer months, as nicely as other initiatives. The new facility will permit LUSIX to serve growing around the globe need for LGD.




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

More than the yrs, LUSIX has come to be a environment chief in the diamond expanding course of action and its innovation and sustainability.

Landa, mentioned: “We are thrilled and happy to welcome this kind of high-profile buyers, most notably LVMH Luxurious Ventures, bringing their monetary guidance and precious market insights. Their aid will lead drastically to our company’s good results when the implications of this expenditure, both equally for LUSIX and for the lab-developed diamond phase, are profound – and so interesting!”

Printed by Globes, Israel enterprise information – en.globes.co.il – on June 10, 2022.

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


