REHOVOT, ISRAEL — Lusix, a producer of lab-grown diamonds, announced that investors, including LVMH Luxury Ventures, Ragnar Crossover Fund and More Investments, have completed an investment round of $90 million.
The company will use this investment to fuel its growth initiatives, including the expansion of its production capacity in Israel with a second 100 percent solar-powered facility, which will begin production this summer.
Lusix was founded by entrepreneur and inventor Benny Landa within Landa Labs, the science innovation and incubation platform of the Landa Group. Lusix was spun-off in 2016.
Landa, who serves as chairman of Lusix, said: “We are thrilled and proud to welcome such high-profile investors, most notably LVMH Luxury Ventures, bringing their financial support and valuable industry insights. Their help will contribute greatly to our company’s success while the implications of this investment, both for LUSIX and for the lab-grown diamond segment, are profound – and so exciting!”