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Israeli lab-grown diamonds (LGD) producer LUSIX has announced the completion of a $90 million financing spherical from LVMH Luxurious Ventures, Ragnar Crossover Fund and Far more Investments.
Rehovot-centered LUSIX reported that it will use the funds to broaden creation capacity in Israel with a next 100% solar-driven facility, which will commence output this summer months, as effectively as other initiatives. The new facility will empower LUSIX to provide increasing globally need for LGD.
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LUSIX was launched by serial entrepreneur and inventor Benny Landa, within just Landa Labs, the science innovation and incubation platform of the Landa Team. LUSIX was spun-off in 2016 as a different company around cofounder and CTO Dr. Yossi Yayon.
Over the a long time, LUSIX has come to be a world chief in the diamond rising system and its innovation and sustainability.
Landa, claimed: “We are thrilled and very pleased to welcome these types of higher-profile buyers, most notably LVMH Luxurious Ventures, bringing their money assistance and important market insights. Their enable will lead tremendously to our company’s achievements though the implications of this investment, both of those for LUSIX and for the lab-grown diamond section, are profound – and so interesting!”
Printed by Globes, Israel company information – en.globes.co.il – on June 10, 2022.
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