Israel Cleantech Ventures

Overview

Israel Cleantech Ventures (ICV) is a venture capital firm established in 2006, focusing on high-growth, clean technology companies in Israel and globally. The firm manages over $150 million across two funds and has invested in 15 companies to date. ICV seeks opportunities across diverse cleantech sectors, including clean materials, wastewater treatment, alternative energy generation, energy storage and efficiency, green building, smart grid, process efficiency technologies, and sustainable agriculture. The firm's investment strategy involves acquiring substantial holdings in early-stage companies, with single investments ranging from a few hundred thousand dollars to $3-4 million. ICV typically takes an active role in its portfolio companies, often serving as the lead investor in financing rounds. The firm maintains financial reserves to support its holdings and avoid dilution, enabling continued support as companies progress toward independence. ICV's team comprises seasoned cleantech industry veterans, including partners Jack Levy, Meir Ukeles, and Glen Schwaber. The firm is headquartered in Ra'anana, Israel, and has a strong network of institutional investors, family trusts, and foreign companies from Europe, the US, and Israel. ICV's portfolio includes companies such as AqWise, Metrolight Ltd., CellEra Ltd., Pythagoras Solar Ltd., and Citrine Renewable Energy Ltd., among others.

Investment Focus

• Focus on clean technology sectors
• Early-stage companies
• Mission-driven entrepreneurs
• High-growth potential
• Innovative clean technology solutions
• Early to growth-stage companies
• Strong management teams
• Scalable business models
• Global market applicability

Portfolio Companies