Wednesday, June 25, 2008

The Green Way raises $15-20m from Shaked Global Group

The Green Way, an Israel-based environmental management company, has secured between $15 and $20 million in funding from Shaked Global Group.

Shaked Global previously invested $1 million in Green Way. Its stake values TGW at several tens of millions of dollars, according to Globes.

Founded in 1997, TGW provides a range of consulting and implementation services for landscaping, irrigation, erosion prevention and waste and wastewater treatment. It also collaborates with tech companies that specialize in the field of environmental preservation to design cost-effective solutions for a range of small- to medium-scale commercial, industrial and public infrastructure projects, such as parks, hotels and utilities.

Based in Israel, TGW also operates in Cyprus, Turkey and in the United States. The company employees over100 people and has completed projects for Israel Electric Corp., Highway 6 (Trans-Israel Highway), and Tel Aviv University.

Shaked Global invests in "environment-oriented technology and services companies". In addition to TGW, Shaked Global has invested in Blue I Water Technologies.

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