Israel Q3 cleantech venture support reaches USD 111m
Oct 16, 2013 - Global marketing firm Cleantech Group said today that venture investments in Israel's clean technology segment had amounted to USD 111 million (EUR 82m) in the third quarter of 2013.
According to the preliminary market report of the company, the venture capital investments in the clean energy industry in Israel reached USD 151 million between January and September 2013.
A major greentech investment was in the energy efficiency sector where Altair Semiconductor obtained USD 25 million of growth equity from Bessemer Venture Partners, BRM Capital, Giza Venture Capital, Pacific Technology Fund and Jerusalem Venture Partners (JVP). In the solar sector PV Nano Cell secured USD 3.5 million in a Series A round.
In addition, wind measurement systems developer Pentalum Technologies benefited from undisclosed investment by GE Ventures, while waste-to-energy firm Blue Sphere Corp (OTCMKTS:BLSP) obtained USD 18 million in a structured debt round.