Israel cleantech venture investment soars

Bio-agritech company Kaiima led the way by raising $65 million in the third quarter of 2013.

Investment in Israeli clean technology ventures soared to $111 million in the third quarter of 2013, bringing the total for the first nine months of the year to $151 million, reports San Francisco-based Cleantech Group, which provides market intelligence and global consulting services.

According to Cleantech Group, the top deals in the third quarter were: $65 million raised by bio-agritech company Kaiima; $25 million raised by energy saving chip developer Altair Semiconductor; $18 million raised by recycling and waste company Blue Sphere; $3.5 million raised by materials developer PV Nanocell; and an undisclosed amount raised by wind sensor developer Pentalum Technologies.

Published by Globes [online], Israel business news - - on October 17, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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