LVMH Luxury Ventures Invests in Israeli Lab Grown Diamond Company LUSIX
Posted on 06/10/2022
LUSIX is a producer of lab-grown diamonds. LVMH Luxury Ventures, Ragnar Crossover Fund, and More Investments have completed an investment round of $90 million in LUSIX. LUSIX will use this investment to fuel its growth initiatives, notably the expansion of its production capacity in Israel with a second 100% solar-powered state-of-the-art facility, which will commence production this summer. LUSIX was founded by Benny Landa, within Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a separate disruptive business.