Monday, January 14, 2008

Siemens VC to invest in Israeli energy and water start ups

Reuters reports that Siemens Venture Capital, a subsidiary of Siemens, said this week it plans to expand its investments in Israeli companies.

The venture capital firm, which until now invested only in communications companies in Israel, said it will also invest in the medical equipment, energy, water and industrial sectors.

To date, Siemens has invested $150 million in Israeli start-ups and venture capital funds. It has an active "Energy and Environmental Care" worldwide, and it will be interesting to see what cleantech-related investments it makes in Israel.