Israel Cleantech Ventures

MoreVC, formerly known as Israel Cleantech Ventures, is an Israeli specialized venture capital firm founded in 2006 by Glen Schwaber, Jack Levy, and Meir Ukeles.[1] It was the first Israel-focused clean technology venture capital fund intent on providing growth capital to Israel's energy, water and environmental technology sectors.[2][3] It raised $75 million for its first fund in 2007 from investors that included Robeco and Piper Jaffray,[3] as well as institutional investors and family offices.

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

In February 2020, Israel Cleantech Ventures rebranded to MoreVC, claiming that its investments had expanded beyond clean technology. [4]

Portfolio companies
  • Aqwise — Working on increased treatment capacity and nitrogen removal in wastewater treatment plants.[5]
  • BrightView Systems — founded in 2007 to develop and bring to market process and production optimization technologies for the thin-film photovoltaic industry to enable solar-cell manufacturers to maximize panel efficiency and reliability as well as attain high-volume productivity.[6]
  • CellEra — Working on disruptive low-temperature fuel cell technology.[7]
  • CRE (Citrine Renewable Energy) — Developing systems converting biogas into high value biomethane.[8]
  • Emefcy — Utilizing microbial fuel cell (MFC) technology to produce electricity from the treatment of wastewater.[9]
  • FRX Polymers — has developed and is commercializing a family of novel non-halogenated (and therefore environmentally friendlier), transparent, high melt flowing, fire resistant plastics. FRX’s products are suitable as polymeric flame retardant additives and as “stand-alone” inherently flame retardant engineering plastics.[10]
  • Gro Intelligence — Gro Intelligence deciphers data through computational and visualization tools that enable global food security.[11]
  • Metrolight — Based in Netanya with an office in Franklin, Tennessee;[12] the company has established products on electronic ballast solutions for HID lighting systems.[13] It was 2008 Israeli Company of the Year at the Eagle Star Awards Gala by the American-Israeli Chamber of Commerce.[14]
  • Pythagoras Solar — Founded by Gonen Fink, Dr. Itay Baruchi, and Precede Technologies. Based in Hakfar Hayarok with an office in San Mateo, California, the start-up works with photovoltaic technology and builds "Medium" concentration solar cells using silicon.[15][16]
  • Scodix — provider of Digital Enhancement Presses for the printing industry[17]
  • Tigo Energy — hardware and software improving power output efficiency, management and control to photovoltaic solar installations[18]
  • Vayyar - a semiconductor company that develops intelligent radar sensors for 3D imaging[19]

References
  1. Israel Cleantech Ventures management profile.
  2. Israeli Greentech Companies Make Their Pitch, Jeff St. John, Greentech Media, November 11, 2008
  3. Israeli funds look to clean technologies, Jessica Steinberg, International Herald Tribune, October 18, 2008; accessed December 22, 2008.
  4. https://www.calcalistech.com/ctech/articles/0,7340,L-3794592,00.html
  5. Aqwise company page Archived 2009-05-29 at the Wayback Machine.
  7. "Archived copy". Archived from the original on 2008-12-11. Retrieved 2008-12-24.CS1 maint: archived copy as title (link) CellEra website
  8. ICV Portfolio Page
  9. Emefcy company site
  12. VC firms looking for next wave of innovation, Linda Bryant, Nashville Business Journal, November 23, 2007.
  13. Metrolight Archived 2008-12-26 at the Wayback Machine
  14. Eagle Star Award company profiles Archived 2008-06-30 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.CS1 maint: archived copy as title (link)
  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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