Israel Cleantech Ventures Explained

MoreVC
Foundation:	2006
Location City:	Ra'anana
Location Country:	Israel
Locations:	1
Industry:	Venture capital
Homepage:	www.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, 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]

External links

• • (old)

Notes and References

1. Web site: Glen Schwaber – Israel Cleantech Ventures. 2022-01-21.
2. http://www.israelcleantech.com/team.asp Israel Cleantech Ventures
3. http://www.greentechmedia.com/articles/israel-greentech-companies-make-their-pitch-5154.html Israeli Greentech Companies Make Their Pitch
4. http://www.iht.com/articles/2008/10/13/business/rbogclean.php Israeli funds look to clean technologies
5. Web site: EIF rolls out a €100 million COVID-19 InnovFin support fund for innovative companies with its first investments . 2023-10-12 . www.eif.org.
6. Web site: Ravet. Hagar. 2020-02-18. You Cannot Make the World a Better Place at the Expense of Good Returns, Says Cleantech Investor. 2022-01-21. CTECH - www.calcalistech.com.
7. http://www.aqwise.com/new/page.asp?cat=171&type=2&lang=1 Aqwise company page
8. http://www.brightview-sys.com/Brightview-Signet%20PR%20final.pdf
9. Web site: CellEra . 2008-12-24 . dead . https://web.archive.org/web/20081211150002/http://www.cellera.biz/ . 2008-12-11 . CellEra website
10. http://israelcleantech.com/portfolio.htm ICV Portfolio Page
11. http://emefcy.com/ Emefcy company site
12. Web site: MoreVC.
13. Web site: MoreVC.
14. http://www.metrolight.com/Templates/aboutus.asp Metrolight
15. http://www.pythagoras-solar.com/About_Us.htm Pythagoras Solar Company Page
16. http://greenlight.greentechmedia.com/2008/12/04/150-solar-start-ups-part-2-cpv-780/ 150 Solar Start Ups
17. Web site: Archived copy . 2009-12-10 . dead . https://web.archive.org/web/20091111054033/http://www.scodix.com/company/overview.htm . 2009-11-11 .
18. Web site: Home . tigoenergy.com.
19. Web site: Israeli startups raised more than $5 billion in 2017. Klein-Leichman. Abigail. 2018-01-05. Israel21c. 2019-09-17.