Israel Cleantech Ventures - Cleantech Funding and Partnerships

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Aerial view of the Ashalim Power Station in Israel's Negev Desert harnessing solar energy with bright solar panels.
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Israel has established itself as a global leader in cleantech ventures, with a thriving ecosystem that attracts investors and entrepreneurs from around the world.

The country's cleantech industry has received significant funding, with over $1 billion invested in 2019 alone.

Israel's unique combination of research and development, innovation, and investment has created a fertile ground for startups to flourish in the cleantech sector.

The government has also played a crucial role in supporting the industry, providing grants and tax breaks to encourage the development of cleantech companies.

Portfolio and Performance

Israel Cleantech Ventures has a diverse portfolio of companies that have achieved significant milestones. The company's portfolio includes Aqwise, which was acquired in August 2021 after being first invested in 2008 with a Series A round of $3.6 million.

Prospera, another company in the portfolio, was acquired in May 2021 after receiving a Series B round of $15 million in 2017. This demonstrates the company's ability to support its portfolio companies through various stages of growth.

The table below shows the acquisition dates and initial investments for some of the companies in Israel Cleantech Ventures' portfolio:

Companies in Portfolio

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Israel Cleantech Ventures has a diverse portfolio of companies across various sectors. One of the notable companies in their portfolio is Vayyar, a developer of 4D imaging sensors for cancer detection and other devices.

Vayyar was founded in 2011 and is currently in the Series E stage. They are based in Yehud and operate in the Enterprise Applications sector.

Another company in their portfolio is Claroty, a cloud-based IoT security solution to prevent threats on the internet. Claroty was founded in 2015 and is also in the Series E stage. They are based in New York City and operate in the Enterprise Applications sector.

Here's a list of some of the key statistics about these companies:

It's worth noting that these companies have received significant investments and have achieved notable milestones in their respective sectors.

IPOs and Public Companies

Cleantech Ventures has had success with IPOs, with FRX Innovations going public on May 27, 2022.

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One notable example is Freightos, which was first invested in on March 25, 2014, and later went public on November 19, 2021, with a Series B investment of $4.6 million.

Tigo is another company that went public on September 3, 2021, after an initial investment in 2009. The company received a significant investment of $10 million in its Series B round.

Emefcy, on the other hand, has not gone public, but its early investment of $1 million in a Seed round shows that Cleantech Ventures is willing to take risks on promising startups.

Here are some key details about the IPOs and public companies in Cleantech Ventures' portfolio:

Partnerships and Funding

Israel Cleantech Ventures have established partnerships with leading global companies, including Siemens and General Electric, to support the development and commercialization of innovative cleantech solutions.

These partnerships have provided access to resources, expertise, and global markets, enabling Israeli cleantech startups to scale and achieve significant growth.

The Israeli government has also invested heavily in the cleantech sector, providing funding and support through programs such as the Israel Cleantech Ventures Fund, which has invested over $100 million in various cleantech companies.

Co-Investors

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Co-investors play a crucial role in the success of Israel Cleantech Ventures's portfolio companies. Over the past 17 years, 136 investors have co-invested in these companies, including funds and angels.

One notable fact is that 15 investors, including Matrix and OVP Venture Partners, have invested in rounds before Israel Cleantech Ventures. This means they've taken the lead in funding certain companies before Israel Cleantech Ventures got involved.

In fact, Matrix has invested in 1 company before Israel Cleantech Ventures, and OVP Venture Partners has invested in 1 company before Israel Cleantech Ventures. This shows that these investors have a strong track record of identifying promising opportunities.

The top co-investors of Israel Cleantech Ventures are impressive, with 40 investors entering a company alongside Israel Cleantech Ventures. Notably, Clal Industries has co-invested in 2 companies with Israel Cleantech Ventures.

A total of 79 investors have invested in Israel Cleantech Ventures's portfolio after their initial investments. This is a significant number, and it highlights the collaborative nature of venture capital investing.

If this caught your attention, see: Google Ventures Portfolio

Founding Partner

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Glen Schwaber is the Founding Partner of Israel Cleantech Ventures.

Israel Cleantech Ventures has a Founding Partner who is experienced in the field of cleantech.

Joint Ventures

Joint ventures between American and Israeli companies are a key part of the BIRD foundation's program, with four such ventures already underway.

These collaborations involve companies from both countries working together to develop innovative cleantech solutions.

One of the joint ventures is between Israeli Pentalum and American Tier 3, which will develop a laser guided system to gauge wind velocity and direction.

The system aims to improve wind turbine performance and increase energy efficiency.

Cima Nanotech, an Israeli company, is partnering with American Integrated Photovoltaics to develop a PV system using state-of-the-art nano-technological and low cost materials.

Ener-T, a thermo-solar field developer, is collaborating with American Halotechnics to enhance solar-thermal fields using molten salt.

Israeli Greenlet Technologies is working with American Viridity to develop an energy management system for private and commercial buildings.

The BIRD foundation funds up to 50% of each project, with the funding repaid from royalties.

Consider reading: Joint Venture Finance

Recent Developments

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Credit: pexels.com, A large field of solar panels capturing renewable energy under a clear sky.

Israel Cleantech Ventures has been making waves in the industry with its recent investments. Specifically, it invested $3.5M in Ubeya, an Israeli company, in January 2020.

The company received Series A funding, a significant milestone in its growth. This investment demonstrates the venture's commitment to supporting innovative startups.

One notable investment was in Vayyar, another Israeli company, which received $109M in Series D funding in November 2019. This substantial investment highlights the venture's confidence in the company's potential.

Vayyar's funding was co-led by Battery Ventures, which brought six co-investors to the table. This partnership is a testament to the venture's ability to attract top investors.

In total, Israel Cleantech Ventures has invested in five companies, with the largest investment being $109M in Vayyar.

Frequently Asked Questions

How many VCs are there in Israel?

There are approximately 276 active venture capital funds in Israel, with 71 of them being international VCs with Israeli offices. Discover the thriving Israeli startup ecosystem and learn more about the venture capital landscape.

What is venture capital in Israel?

Venture capital in Israel refers to the significant investment funds raised by local companies, with a record-breaking $25.6 billion raised in 2023, indicating a thriving startup ecosystem. This investment boom has made Israel a hub for innovation and entrepreneurship, with Tel Aviv being a major contributor.

How much venture capital does Israel have per capita?

Israel has a high per capita venture capital investment of $28,000 in 2021, significantly surpassing the US's $1,000. This investment is primarily concentrated in Tel Aviv.

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