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Israel-based lab grown company Lusix announced that it has raised $45 million

Israel-based lab grown company Lusix raised $45 million
LGD seed lab diamonds
Credit: Lightbox Jewelry

Israel-based lab grown company Lusix announced that it has raised $45 million to expand its LGD production and build a new, bigger plant in the city of Modi’in in Israel, IDEX Online reports.

 

Rough HPHT synthetic diamond
Credit: Sergei Lazon

 

The facility in Modi’in “will be five times” the size of Lusix’s current facility and will open later in 2022.

 

Synthetic rough diamonds
Credit: Sergei Lazon

 

Founded in December 2019 by Benny Landa, Lusix said it has secured funding from a “consortium led by Israel-based Ragnar and including More Investment House, Gefen Capital and Maverick Ventures.”



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