December 9, 2022

The Domestikated Life

One Passion

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 funding round from LVMH Luxurious Ventures, Ragnar Crossover Fund and Far more Investments.

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Rehovot-centered LUSIX said that it will use the resources to broaden creation potential in Israel with a 2nd 100% solar-run facility, which will commence creation this summer months, as effectively as other initiatives. The new facility will empower LUSIX to serve increasing around the world desire for LGD.

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LUSIX was started 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 close to cofounder and CTO Dr. Yossi Yayon.

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Around the many years, LUSIX has come to be a environment leader in the diamond escalating approach and its innovation and sustainability.

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Landa, mentioned: “We are thrilled and proud to welcome such high-profile investors, most notably LVMH Luxurious Ventures, bringing their economical aid and useful industry insights. Their assist will contribute drastically to our company’s results although the implications of this investment, equally for LUSIX and for the lab-grown diamond segment, are profound – and so enjoyable!”

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Posted by Globes, Israel company information – en.globes.co.il – on June 10, 2022.

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

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