- Companies
- Lusix
Last Lusix valuation
$300M
Series B · Jun 2022
Last Lusix funding round
$90M
Series B · Jun 2022
Cumulative funding Lusix raised
$135M
across 2 funding rounds
Key investors in Lusix
More Provident Funds
Ragnar
Maverick Ventures
Gefen Capital
LVMH Luxury Ventures
About Lusix
Lusix is an Israeli company producing lab-grown diamonds via chemical vapor deposition for jewelry and industrial uses like tools and optics. Operating from Rehovot since 2015, it manufactures Type IIa diamonds up to 3 carats with gem-quality clarity. The firm supplies wholesalers in the United States, Europe, and Asia, focusing on ethical, conflict-free alternatives to mined stones.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$300M (Jun 2022)
Sectors
Lusix Valuation
Lusix is currently valued at $300M, based on its Series B in June 2022.
The $90M round was led by LVMH Luxury Ventures, More Provident Funds and Ragnar.
Lusix valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Series B | $300M |
Lusix Funding History
Lusix has raised a total of $135M across 2 funding rounds.
Lusix's first fundraising round was a $45M Series A in February 2022. The most recent completed round was a $90M Series B in June 2022.
Lusix funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series B | LVMH Luxury Ventures (lead); More Provident Funds (lead); Ragnar (lead) | $90M | $300M | Lusix is an Israeli technology-driven producer of lab-grown diamonds (LGDs) founded in 2016 by Benny Landa as a spinoff from Landa Labs. The company manufactures diamonds in the 1- to 5-carat range and markets them under the Sun Grown Diamonds brand, emphasizing 100% solar-powered production to address sustainability concerns in the diamond industry. In June 2022, Lusix completed a $90 million investment round led by LVMH Luxury Ventures alongside Ragnar Crossover Fund, More Investments, and various Israeli provident funds, giving the company a post-money valuation estimated between $300 million and $500 million. The company intended to use the funding to expand production capacity in Israel by building a second solar-powered state-of-the-art facility commencing production in summer 2022 to meet growing global demand for lab-grown diamonds. However, the investment later proved to be a loan rather than equity confidence, and the company faced significant financial difficulties. By late 2023 or 2024, Lusix was acquired jointly by Fenix and Dholakia Lab-Grown Diamonds for $4 million, indicating severe deterioration in the company's fortunes despite the substantial 2022 funding round. |
| Feb 2022 | Series A | More Provident Funds (lead); Ragnar (lead); Gefen Capital; Maverick Ventures | $45M | - | - |
Who has invested in Lusix?
5 investors have backed Lusix across its funding rounds, including More Provident Funds, Ragnar, Maverick Ventures, Gefen Capital and LVMH Luxury Ventures.
Lead investors include LVMH Luxury Ventures, More Provident Funds and Ragnar.
Lusix Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2022 | ||
| 2 | Lead | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 5 Lusix investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLusix Competitors
Lusix competitors include listed companies like Zotefoams and Australian Strategic Materials, and private ones like Wellari, Spoon Labs, Standard Energy and Fortera.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $302M | - | ||
| Private | - | - | $294M | - | ||
| Private | - | - | $290M | - | ||
| Publicly listed | $213M | $41M | $285M | 1.4x | ||
| Private | - | - | $355M | - | ||
| Publicly listed | $2M | ($16M) | $234M | 89.3x |
Lusix Public Comps
Lusix is still privately-owned, but its public comps include Zotefoams, Australian Strategic Materials, Accsys, Canatu, Metal Powder Works, NanoXplore, Magnera, Aspen Aerogels, Alia Mentis and Titomic.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $213M | $41M | 1.7x | 1.4x | 8.6x | 7.1x | |||
| $2M | ($16M) | 82.4x | 89.3x | (11.8x) | (12.7x) | |||
| $177M | $16M | 1.6x | 1.5x | 17.6x | 10.2x | |||
| $18M | ($10M) | 7.5x | 9.0x | (13.7x) | (7.9x) | |||
| $1M | ($7M) | 170.0x | 66.0x | (27.7x) | (60.9x) | |||
| $82M | $1M | 2.6x | 2.5x | 194.9x | 97.4x | |||
| $3.2B | $181M | 0.7x | 0.6x | 11.5x | 5.5x | |||
| $271M | ($331M) | 1.5x | 1.7x | (1.2x) | (96.1x) | |||
This data is available for Pro users. Sign up to see all Lusix competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lusix
| When was Lusix founded? | Lusix was founded in 2016. |
| Where is Lusix headquartered? | Lusix is headquartered in Rehovot, Israel. |
| Is Lusix publicly listed? | No, Lusix is a private, VC-backed company. |
| What is Lusix's valuation? | Lusix was last valued at $300M in its Series B in June 2022. |
| How much funding has Lusix raised? | Lusix has raised $135M across 2 funding rounds. |
| What was Lusix's last funding round? | Lusix's last funding round was a $90M Series B in June 2022, led by LVMH Luxury Ventures, More Provident Funds and Ragnar. |
| Who are Lusix's investors? | Lusix's investors include More Provident Funds, Ragnar, Gefen Capital, Maverick Ventures and LVMH Luxury Ventures. |
| Which companies are comparable to Lusix? | Companies comparable to Lusix include Wellari, Spoon Labs, Standard Energy, Zotefoams, Fortera and Australian Strategic Materials. |
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