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

Rehovot-based mostly LUSIX claimed that it will use the money to develop output ability in Israel with a second 100% photo voltaic-driven facility, which will start generation this summer time, as nicely as other initiatives. The new facility will help LUSIX to provide rising throughout the world need for LGD.




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LUSIX was started by serial entrepreneur and inventor Benny Landa, within Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a individual enterprise all-around cofounder and CTO Dr. Yossi Yayon.

About the decades, LUSIX has grow to be a earth chief in the diamond increasing procedure and its innovation and sustainability.

Landa, claimed: “We are thrilled and very pleased to welcome this kind of substantial-profile investors, most notably LVMH Luxurious Ventures, bringing their economical support and useful field insights. Their enable will contribute considerably to our company’s achievements although the implications of this expenditure, both equally for LUSIX and for the lab-grown diamond segment, are profound – and so exciting!”

Released by Globes, Israel organization information – en.globes.co.il – on June 10, 2022.

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