Wednesday, February 17, 2010

Terra Venture Partners Israel's most active VC in 2009

Terra Venture Partners, a Jerusalem-based venture capital fund focused on seed and early-stage cleantech investments, was recently named Israel's most active venture capital investor for 2009.

According to the IVC Research Center, Terra Venture Partners made six first investments in 2009, followed closely by Carmel Ventures, Giza Venture Capital, Jerusalem Venture Partners, Magma Venture Partners, Pitango Venture Capital, Sequoia Capital, which each made five first investments in 2009.

Terra Venture Partners has $25 million under management and is headed up by general partners Astorre Modena and Harold Wiener. Its initial investments in 2007 were in wind energy start-up IQWind and energy efficiency start-up Phoebus Energy. Later, Terra Venture Partners invested in Biological Alarm Systems, a start-up developing airborne biological hazards.

IVC Research Center reports that in 2009 Terra Venturea Partners invested in:
  • Linum Systems, a start-up founded in 2009 that is developing an advanced, energy efficient air conditioning technology. Linum Systems was founded by Yuval Berson and Amir Hirshfeld, two veterans of Israeli solar power company Di.S.P
  • Lithium Force, a start-up focused on providing complete solutions for electric powered transportation fleets (buses, trucks, and taxis)
  • PV Nanocell, a stealthy start-up apparently focused on the development and production of nanomaterials for the solar photovoltaic industry
  • Silentium, which is developing innovative noise reduction products and solutions
  • SmarTap, a company devloping innovative, efficient electronic water faucets
  • Wi-Charge, a start-up developing technology to enable the safe, reliable and efficient wireless transmission of power. Wi-Charge was founded in 2007 by Ortal Alpert
You can follow this link to access the original report online.

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