Israel Cleantech Ventures

MoreVC, formerly known as Israel Cleantech Ventures, is a venture capital firm founded in 2006 by Glen Schwaber,[1] Jack Levy, and Meir Ukeles.[2] It is a clean technology venture capital fund intent on providing growth capital to Israel's energy, water and environmental technology sectors.[3][4] MoreVC receives funding from InnovFin, a company that provides equity investments to companies in their early stages of development.[5]

MoreVC
IndustryVenture capital
Founded2006
Headquarters
Ra'anana
,
Israel
Number of locations
1
Websitewww.morevc.com

In 2007 Israel Cleantech Ventures raised $75 million for its first fund from investors that included Robeco and Piper Jaffray,[4] as well as institutional investors and family offices.

In February 2020, it expanded its ventures into clean technology[6] and rebranded to MoreVC.

Portfolio companies
  • Aqwise — Working on increased treatment capacity and nitrogen removal in wastewater treatment plants.[7]
  • BrightView Systems — Develops and brings to market process and production optimization technologies for the thin-film photovoltaic industry.[8]
  • CellEra — Working on disruptive low-temperature fuel cell technology.[9]
  • CRE (Citrine Renewable Energy) — Developing systems converting biogas into high value biomethane.[10]
  • Emefcy — Utilizing microbial fuel cell (MFC) technology to produce electricity from the treatment of wastewater.[11]
  • FRX Polymers — Developed and is commercializing a family of novel non-halogenated, transparent, high melt flowing, fire-resistant plastics.[12]
  • Gro Intelligence — Deciphers data through computational and visualization tools that enable global food security.[13]
  • Metrolight — Has established products on electronic ballast solutions for HID lighting systems.[14]
  • Pythagoras Solar — Works with photovoltaic technology and builds "Medium" concentration solar cells using silicon.[15][16]
  • Scodix — Provides Digital Enhancement Presses for the printing industry[17]
  • Tigo Energy — Works on hardware and software improving power output efficiency, management and control to photovoltaic solar installations[18]
  • Vayyar - Develops intelligent radar sensors for 3D imaging[19]

References
  1. "Glen Schwaber – Israel Cleantech Ventures". Retrieved 2022-01-21.
  2. Israel Cleantech Ventures management profile.
  3. Israeli Greentech Companies Make Their Pitch, Jeff St. John, Greentech Media, November 11, 2008
  4. Israeli funds look to clean technologies, Jessica Steinberg, International Herald Tribune, October 18, 2008; accessed December 22, 2008.
  5. "EIF rolls out a €100 million COVID-19 InnovFin support fund for innovative companies with its first investments". www.eif.org. Retrieved 2023-10-12.
  6. Ravet, Hagar (2020-02-18). "You Cannot Make the World a Better Place at the Expense of Good Returns, Says Cleantech Investor". CTECH - www.calcalistech.com. Retrieved 2022-01-21.
  7. Aqwise company page Archived 2009-05-29 at the Wayback Machine.
  8. http://www.brightview-sys.com/Brightview-Signet%20PR%20final.pdf
  9. "CellEra". Archived from the original on 2008-12-11. Retrieved 2008-12-24. CellEra website
  10. ICV Portfolio Page
  11. Emefcy company site
  12. "MoreVC".
  13. "MoreVC".
  14. Metrolight Archived 2008-12-26 at the Wayback Machine
  15. Pythagoras Solar Company Page; accessed 22 December 2008
  16. 150 Solar Start Ups Archived 2008-12-24 at the Wayback Machine, Eric Wesff, Green Tech Media, December 4, 2008.
  17. "Archived copy". Archived from the original on 2009-11-11. Retrieved 2009-12-10.{{cite web}}: CS1 maint: archived copy as title (link)
  18. "Home". tigoenergy.com.
  19. Klein-Leichman, Abigail (2018-01-05). "Israeli startups raised more than $5 billion in 2017". Israel21c. Retrieved 2019-09-17.
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