Emefcy, a microbial fuel cell startup based in Caesarea, Israel, has raised $5 million at a company value of more than $10 million, post-money.
UK investment fund Pond Venture Partners led the round, joined by current Emefcy investors Israel Cleantech Ventures Funds and Plan B Ventures, according to Globes and IVC Online.
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, is developing the MEGAWATTER™ technology. This technology produces low cost electricity (at $0.10/kWhr) and hydrogen in a bio-electro-chemical process from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology.
Levy and Shechter previously founded wastewater treatment company AqWise. In February 2009, this blog detailed Emefcy's efforts to raise a $3.5-$5.0 million Series A financing. That same month, Levy presented at a public event at MIT organized by the Boston Israel Cleantech Alliance. Plan B Ventures is based in Boston and its principal, Barbara Goldman, is a member of the Boston Israel Cleantech Alliance.
Levy told Globes, "The capital raised will help us set up a commercial pilot. We've already established laboratory pilots on increasingly larger scales. Progress to a commercial pilot is based on the successful results of the laboratory pilots."
Emefcy's Scientific Advisory Board includes Prof. Bruce Logan of Pennsylvania State University, Prof. Derek Lovely of the University of Massachusetts (Amherst) and Prof. Bruce Rittmann, Director of the Biodesign Institute at the University of Arizona.
Related Posts:
Emefcy signs collaboration agreements, raising Series A funds
Israel Cleantech buys 11% of AqWise
AqWise founders start new cleantech venture
Showing posts with label Eytan Levy. Show all posts
Showing posts with label Eytan Levy. Show all posts
Monday, May 10, 2010
Tuesday, February 3, 2009
Emefcy signs collaboration agreements, raising Series A funds
Emefcy, a microbial fuel cell startup based in Caesarea, Israel, recently signed collaboration agreements with several potential clients. The companies will participate in Emefcy's pilot program in 2009 and will potentially have Emefcy's system installed in their plants in 2010, according to reports by the company.
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, is developing the MEGAWATTER™ technology. This technology produces low cost electricity (at $0.10/kWhr) and hydrogen in a bio-electro-chemical process from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology. Emefcy's technological breakthrough is focused on the development of electrode materials and structure that feature durability, high power output and low cost.
Levy and Shechter, who previously founded wastewater treatment company AqWise, have already received venture funding from Israel Cleantech Ventures, and Greentech Media has detailed Levy's efforts to raise $3.5-5.0m in a Series A funding round. CEO Eytan Levy plans to be on the East Coast in February and March for meetings with potential investors. On February 26th, Levy will speak at a public event at MIT organized by the Boston Israel Cleantech Alliance.
Emefcy's Scientific Advisory Board includes Prof. Bruce Logan of Pennsylvania State University, Prof. Derek Lovely of the University of Massachusetts (Amherst) and Prof. Bruce Rittmann, Director of the Biodesign Institute at the University of Arizona.
More information about Emefcy's MEGAWATTER™ system and Emefcy's business plan is available in this online video, in this company presentation, and in past reports by the Jerusalem Post and Israel21c.
Related Posts:
Israel Cleantech buys 11% of AqWise
AqWise founders start new cleantech venture
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, is developing the MEGAWATTER™ technology. This technology produces low cost electricity (at $0.10/kWhr) and hydrogen in a bio-electro-chemical process from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology. Emefcy's technological breakthrough is focused on the development of electrode materials and structure that feature durability, high power output and low cost.
Levy and Shechter, who previously founded wastewater treatment company AqWise, have already received venture funding from Israel Cleantech Ventures, and Greentech Media has detailed Levy's efforts to raise $3.5-5.0m in a Series A funding round. CEO Eytan Levy plans to be on the East Coast in February and March for meetings with potential investors. On February 26th, Levy will speak at a public event at MIT organized by the Boston Israel Cleantech Alliance.
Emefcy's Scientific Advisory Board includes Prof. Bruce Logan of Pennsylvania State University, Prof. Derek Lovely of the University of Massachusetts (Amherst) and Prof. Bruce Rittmann, Director of the Biodesign Institute at the University of Arizona.
More information about Emefcy's MEGAWATTER™ system and Emefcy's business plan is available in this online video, in this company presentation, and in past reports by the Jerusalem Post and Israel21c.
Related Posts:
Israel Cleantech buys 11% of AqWise
AqWise founders start new cleantech venture
Thursday, January 29, 2009
Israel Venture Capital Jounal: "Can cleantech sail through the slump?"
The current issue of the Israel Venture Capital Journal, published by the IVC Research Center, is now available online.
Entitled "High C: Can cleantech sail through the slump?" (pdf), the issue contains a list of Israeli cleantech companies and articles by cleantech investors and entrepreneurs, government officials, and service providers:
Entitled "High C: Can cleantech sail through the slump?" (pdf), the issue contains a list of Israeli cleantech companies and articles by cleantech investors and entrepreneurs, government officials, and service providers:
- Sustainable development is essential for our future, by Minister of National Infrastructures, Benjamin (Fuad) Ben-Eliezer
- Belt tightening impacts cleantech trends, by Richard Youngman, Managing Director (Europe) of Cleantech Group
- The landscape has changed, but the opportunity persists, by Zeev Holtzman, Chairman of IVC and Giza Venture Capital
- Adjusting to cleantech investment, by Eytan Levy, CEO of Emefcy, and Gene Dolgin, analyst at Israel Cleantech Ventures
- The next cleantech frontier: Africa, by Daniel Schwab, Managing Director of Kayema Investments, and Miriam Schwab, CEO of Illuminea Marketing & Media
- Solar thermal energy: Israel and the Obama opportunity, by David Anthony, Managing Partner at 21Ventures
- Cleantech, Clusters, and Convergence: How investors and entrepreneurs combine to save the planet, Prof. Philip Cooke of Cardiff University
- US Government Grants: An alternative source of funds for Israeli cleantech startups, by Itai Nevo and Jonathan Shapira of Goodwin Procter LLP
- Cleantech calls for a different VC approach, by Rafi Gidron, Orni Petruschka, Nimrod Good and Albert Olier of Precede Technologies
- Light and harmony come mainstream, a profile of Arnold Goldman, Chairman of BrightSource Energy
- Everything you (n)ever wanted to know about cow manure, by Shlomi Ben-Arush, Marketing Manager at Global Environmental Solutions
- Early stage investing in a challenging environment, by Astorre Modena, General Partner of Terra Venture Partners
- The next opportunity in cleantech: A holistic approach to the water and energy nexus, by Booky Oren, Chairman of Miya
- In a downturn, aggressive communication and PR are key, by Steve Schuster, CEO of Rainier Communications
- Yes, Israel can take advantage of opportunities in cleantech! by Sarit Soccary Ben Yochanan, CEO of ATI Incubator
- Cleantech IP trends: intellectual property management from a business perspective, by Sharon Dayan, VP of Business Development at GTT Global Technology Transfer
Tuesday, December 9, 2008
CleanIsrael Cleantech Startup Showcase
On December 15th, the CleanIsrael Network will host its first Cleantech Startup Showcase, featuring presentations by 5 Israeli startups from the energy, water, and green technology sectors.
The presenting companies are Agam Energy, Emefcy, High Check Control, Phoebus Energy, and SOVNA.
The event is sponsored by Amit, Pollak, Matalon & Co. and organized in conjunction with IDC Herzliya's new Institute for Renewable Energy Policy and Applied Research (IDC IREP), founded by Dr. Isaac Berzin.
This the first event of its kind for the CleanIsrael Network. Founded last March by the author of this blog and Gene Dolgin, an analyst at Israel Cleantech Ventures, the group grown into a network of 650+ cleantech-related entrepreneurs, investors, academic researchers, service providers, and government officials. CleanIsrael's regular networking events host speakers from industry-leading organizations such as Better Place, Cleantech Group, Israel Cleantech Ventures, and Sindicatum Carbon Capital.
More than 150 people have already registered to attend the event in Israel. For more information, and to register, click here.
There will also be a live web cast of the event to several North American groups, including the Boston Israel Cleantech Alliance, California Israel Chamber of Commerce, Texas-Israel Chamber of Commerce, and the law offices of Gowlings in Toronto and Ottawa. Click here to register for the event in Boston.
Several of the participating companies should be familiar to readers of this blog and observers of Israel's cleantech industry.
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, who previously founded wastewater treatment company AqWise, has already received venture funding from Israel Cleantech Ventures. Emefcy, which is developing products that produce electricity from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology, was featured in Jerusalem Post. Greentech Media detailed Levy's efforts to raise $3.5-5.0m in a Series A funding round during the CICC Cleantech Tour of Silicon Valley last month.
Phoebus Energy, which received a first round of venture funding from Terra Venture Partners in 2007, is developing a hybrid heating unit to more efficiently produce energy for institutions such as hotels, hospitals, and factories. Phoebus, and its CEO, Yoav Ben-Yaacov, were featured in Israel21c earlier this year.
SOVNA, a startup that installs vertical micro wind turbines atop high-rise buildings, was previously called ALT-E and was featured in Ha'aretz earlier this year. Erez Ella, a noted Israeli architect whose projects include the Museum Plaza in Louisville, Kentucky, is one of Sovna's co-founders and also participated in the CICC Cleantech Tour of Silicon Valley last month.
The presenting companies are Agam Energy, Emefcy, High Check Control, Phoebus Energy, and SOVNA.
The event is sponsored by Amit, Pollak, Matalon & Co. and organized in conjunction with IDC Herzliya's new Institute for Renewable Energy Policy and Applied Research (IDC IREP), founded by Dr. Isaac Berzin.
This the first event of its kind for the CleanIsrael Network. Founded last March by the author of this blog and Gene Dolgin, an analyst at Israel Cleantech Ventures, the group grown into a network of 650+ cleantech-related entrepreneurs, investors, academic researchers, service providers, and government officials. CleanIsrael's regular networking events host speakers from industry-leading organizations such as Better Place, Cleantech Group, Israel Cleantech Ventures, and Sindicatum Carbon Capital.
More than 150 people have already registered to attend the event in Israel. For more information, and to register, click here.
There will also be a live web cast of the event to several North American groups, including the Boston Israel Cleantech Alliance, California Israel Chamber of Commerce, Texas-Israel Chamber of Commerce, and the law offices of Gowlings in Toronto and Ottawa. Click here to register for the event in Boston.
Several of the participating companies should be familiar to readers of this blog and observers of Israel's cleantech industry.
Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, who previously founded wastewater treatment company AqWise, has already received venture funding from Israel Cleantech Ventures. Emefcy, which is developing products that produce electricity from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology, was featured in Jerusalem Post. Greentech Media detailed Levy's efforts to raise $3.5-5.0m in a Series A funding round during the CICC Cleantech Tour of Silicon Valley last month.
Phoebus Energy, which received a first round of venture funding from Terra Venture Partners in 2007, is developing a hybrid heating unit to more efficiently produce energy for institutions such as hotels, hospitals, and factories. Phoebus, and its CEO, Yoav Ben-Yaacov, were featured in Israel21c earlier this year.
SOVNA, a startup that installs vertical micro wind turbines atop high-rise buildings, was previously called ALT-E and was featured in Ha'aretz earlier this year. Erez Ella, a noted Israeli architect whose projects include the Museum Plaza in Louisville, Kentucky, is one of Sovna's co-founders and also participated in the CICC Cleantech Tour of Silicon Valley last month.
Tuesday, January 22, 2008
Israel Cleantech buys 11% of AqWise
"Globes" reports that Israel Cleantech Ventures has acquired an 11% stake in sewage treatment solutions developer AqWise - Wise Water Technologies Ltd. from its founders, Ronen Shechter and Eytan Levy, in a secondary transaction in a deal that valued the company at $10 million.
AqWise CEO Elad Frenkel said, "This investment means that three institutional investors now stand behind the company: AHMSA, Elron, and Israel Cleantech." Mexican mining conglomerate Altos Hornos de Mexico SA de CV, owns 55% of AqWise, Elron Electronic Industries Ltd. owns 34%, and Israel Cleantech now owns 11%.
Globes says that this will not be Israel Cleantech's final investment in AqWise, which is in the late stages of an internal financial financing round amounting to a few million dollars from its current investors. The company is also close to signing contracts worth several million dollars with customers in Israel, Europe, the US, and Latin America.
"Globes": Do you plan to raise capital from external sources?
Frenkel: "Elron is a strategic investor, not merely a financial one. Israel Cleantech and AHMSA are also both strategic investors. That's why we don’t need outside money right now. They want to stand behind the company and make it succeed."
AqWise was founded in 2000. It specializes in the upgrading of wastewater treatment plants through the Attached Growth Airlift Reactor (AGAR) process, a method for biologically increasing water treatment capacity using biofilm carriers. The company posted a fourth quarter loss after posting profits in the preceding quarters, but the company has installed dozens of commercial units around the world, and its global target market is estimated at more than a $1 billion a year, and it is growing.
In 2007, AqWise was named in "The Cleantech Revolution" as one of the top 10 companies to watch in the field of water filtration
Ronen Shechter and Eytan Levy recently founded a new microbial fuel cell company, EMEFCY Bioenergy Systems, which will focus on the production of electricity and fuel from heavy duty industrial waste. Levy is also a venture partner at Israel Cleantech Ventures.
Monday, October 22, 2007
AqWise founders start new cleantech venture
The entrepreneurial team behind AqWise Water Technologies Ltd., which was selected by Clean Edge as one of the ten most promising companies in water filtration, is setting up a new venture which will focus on the production of electricity and fuel from heavy duty industrial waste.
Eytan Levy and Ronen Shechter, the founders of this new venture, called EMEFCY Bioenergy Systems, explain their technology in an interview published in Globes. Levy is currently a venture partner at Israel Cleantech Ventures.
Eytan Levy and Ronen Shechter, the founders of this new venture, called EMEFCY Bioenergy Systems, explain their technology in an interview published in Globes. Levy is currently a venture partner at Israel Cleantech Ventures.
Subscribe to:
Posts (Atom)
