Some good eco-news out of Israel, the country’s first ever “cleantech” investment fund was able to raise $75 million for its debut. Israel Cleantech Ventures (ICV) had an initial funding goal of $60 million; so needless to say, they are encouraged with their final number.
“We are very pleased with the level of support we’ve received from our investors, who have recognized Israel’s potential as a source of cleantech innovation,” said Jack Levy, general partner of ICV. “We are impressed with the quality of the entrepreneurs we are seeing and look forward to working with them to build successful companies in the years to come.”
Partners Jack Levy, Meir Ukeles and Glen Schwaber have recruited the top names in Israeli energy, water and materials technology, to connect with new opportunities. The fund will be providing capital to companies involved in alternative energy, water conservation and emissions reduction. They’ve already funded 7 different projects, including fuel cells, solar energy and landfill biogas treatment.
Read More At AlternativeEnergy.com
Israel Cleantech Ventures Raises $75M