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 Additional Investments.

Rehovot-dependent LUSIX explained that it will use the money to develop output capability in Israel with a 2nd 100% photo voltaic-powered facility, which will begin production this summertime, as properly as other initiatives. The new facility will allow LUSIX to serve climbing worldwide demand from customers for LGD.




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

In excess of the decades, LUSIX has become a earth leader in the diamond expanding method and its innovation and sustainability.

Landa, explained: “We are thrilled and very pleased to welcome this kind of high-profile investors, most notably LVMH Luxury Ventures, bringing their economical assist and valuable marketplace insights. Their assist will contribute considerably to our company’s achievement although the implications of this expense, the two for LUSIX and for the lab-developed diamond section, are profound – and so exciting!”

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

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