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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Jerusalem event highlights U.S.-Israel energy cooperation

On Sunday, November 8th, hundreds of young professionals will gather in San Francisco for the Jewish Response to the Energy Challenge conference featuring cleantech entrepreneurs, investors and policymakers.

The conference will be broadcast to several cities around the world, including Jerusalem, where organizers have arranged for their own simulcast event on the U.S.-Israel Partnership for Clean and Secure Energy Solutions.

Dr. Isaac Berzin, Director of the Institute for Renewable Energy Policy at IDC Herzliya (and Founder of Greenfuel Technologies) will give the keynote address.

Dr. Berzin will be followed by a panel discussion featuring:

• Ze'ev Gross, Head of the Infrastructure Resources Management Division, Ministry of National Infrastructures
• Hezi Kugler, Chairman, Israeli Clean Energy Alliance
• Astorre Modena, Terra Venture Partners
  
• Gal Luft, Executive Director, Institute for the Analysis of Global Security
• Richard Laster, Professor of Environmental Law, Hebrew University of Jerusalem

Congratulations to Beata Sheyer and Lisa Wolf, both new immigrants to Israel, for putting together such an interesting program.

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Israeli cleantech venture funds profiled in International Herald Tribune

A recent International Herald Tribune article reports on Israel's cleantech industry, focusing on the role played by specialized cleantech venture capital funds

Jack Levy, general partner at Israel Cleantech Ventures, which raised $75 million last year for its first fund, cites Israel's pool of Russian immigrants -- including many mechanical, chemical and metals engineers -- as a unique advantage for Israel.

Astorre Modena, an Italian-born physicist and co-founder of Terra Venture Partners, says native Israelis contribute the entrepreneurial spirit that complements the Russian technological expertise. Modena reports that Terra raised $25 million last year in a first round of financing.

Also cited in the article are Precede Technologies, which is backed by Pitango Venture Capital and Evergreen Venture Partners; Gemini Israel Funds; and the Israel Opportunity Fund, a new fund managed by Dan Gillerman and Matthew Bronfman.

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Terra VP raises $15 million, makes first investments

Terra VP raises $15 million, makes first investments

Terra Venture Partners, a venture capital fund focused on seed and early-stage cleantech companies in Israel, has reportedly raised $15 million and made its first two investments.

The fund completed a seed-stage investment in IQWind Ltd., a company that is developing an innovative gearbox that will improve the efficiency of wind turbines. Terra has also invested in Phoebus Energy Ltd., which is developing a system to decrease water heating expenses for large facilities, such as hospitals, hotels, pools, etc. Both IQWind and Phoebus were founded in August, 2007.

Terra Venture Partners was founded in May 2006 by Harold Wiener, an immigrant from Uruguay, and Astorre Modena, an immigrant from Italy. They hope to ultimately raise $50 million and invest in up to 20 companies.