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

Rehovot-based LUSIX stated that it will use the money to extend creation capability in Israel with a second 100% solar-powered facility, which will begin output this summer, as well as other initiatives. The new facility will allow LUSIX to provide mounting worldwide demand from customers 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 small business all around cofounder and CTO Dr. Yossi Yayon.

Over the many years, LUSIX has turn into a globe chief in the diamond developing procedure and its innovation and sustainability.

Landa, claimed: “We are thrilled and proud to welcome such superior-profile investors, most notably LVMH Luxurious Ventures, bringing their monetary guidance and valuable marketplace insights. Their support will add significantly to our company’s accomplishment though the implications of this financial investment, equally for LUSIX and for the lab-developed diamond section, are profound – and so exciting!”

Published by Globes, Israel organization news – en.globes.co.il – on June 10, 2022.

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