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Israel Cleantech Ventures

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MoreVC
IndustryVenture capital
Founded2006
Headquarters,
Number of locations
1
Websitewww.morevc.com

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]

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. ^ a b 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 [permanent dead link]
  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.