July 3, 2022

Y M L P-298

It Must Be Business

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

2 min read
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Israeli lab-developed diamonds (LGD) producer LUSIX has introduced the completion of a $90 million financing spherical from LVMH Luxurious Ventures, Ragnar Crossover Fund and Much more Investments.

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Rehovot-primarily based LUSIX said that it will use the cash to broaden manufacturing capability in Israel with a second 100% solar-powered facility, which will commence generation this summer time, as perfectly as other initiatives. The new facility will permit LUSIX to provide increasing all over the world 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 platform of the Landa Group. LUSIX was spun-off in 2016 as a separate organization all over cofounder and CTO Dr. Yossi Yayon.

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About the years, LUSIX has grow to be a earth leader in the diamond developing system and its innovation and sustainability.

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Landa, mentioned: “We are thrilled and proud to welcome these superior-profile buyers, most notably LVMH Luxury Ventures, bringing their fiscal support and useful sector insights. Their support will contribute significantly to our company’s achievements whilst the implications of this financial investment, each for LUSIX and for the lab-grown diamond section, are profound – and so exciting!”

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Released by Globes, Israel enterprise 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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