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

Rehovot-primarily based LUSIX reported that it will use the resources to extend output ability in Israel with a 2nd 100% photo voltaic-driven facility, which will begin generation this summertime, as very well as other initiatives. The new facility will enable LUSIX to provide climbing globally need 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 system of the Landa Team. LUSIX was spun-off in 2016 as a individual business all over cofounder and CTO Dr. Yossi Yayon.

Above the many years, LUSIX has become a earth leader in the diamond rising course of action and its innovation and sustainability.

Landa, mentioned: “We are thrilled and very pleased to welcome these kinds of large-profile investors, most notably LVMH Luxury Ventures, bringing their economical assist and beneficial field insights. Their assistance will add drastically to our company’s accomplishment though the implications of this investment decision, equally for LUSIX and for the lab-grown diamond phase, are profound – and so exciting!”

Printed by Globes, Israel business news – en.globes.co.il – on June 10, 2022.

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


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