Benny Landa  credit: Amir Meiri

Benny Landa’s lab grown diamond co LUSIX raises $90m

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Israeli lab-grown diamonds (LGD) producer LUSIX has declared the completion of a $90 million funding round from LVMH Luxury Ventures, Ragnar Crossover Fund and Extra Investments.

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Rehovot-dependent LUSIX mentioned that it will use the cash to expand production capacity in Israel with a 2nd 100% photo voltaic-run facility, which will start manufacturing this summer, as properly as other initiatives. The new facility will enable LUSIX to provide increasing worldwide demand 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 system of the Landa Group. LUSIX was spun-off in 2016 as a independent business all over cofounder and CTO Dr. Yossi Yayon.

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More than the several years, LUSIX has become a world leader in the diamond rising course of action and its innovation and sustainability.

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Landa, claimed: “We are thrilled and proud to welcome this sort of higher-profile traders, most notably LVMH Luxury Ventures, bringing their fiscal aid and worthwhile sector insights. Their aid will add drastically to our company’s accomplishment whilst the implications of this investment, both for LUSIX and for the lab-grown diamond phase, are profound – and so fascinating!”

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Printed by Globes, Israel business 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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