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.
Phoebus Energy unveiled its hybrid water heating system last week at the community center in Gilo, a neighborhood of Jerusalem, according to an article in The Jerusalem Post.
Phoebus Energy, founded in 2007 with $2 million in seed funding from Terra Venture Partners, has developed a hybrid heat pump system that integrates with existing oil-based systems to make them more efficient. Newly appointed CEO Yaron Tal told The Jerusalem Post that Phoebus Energy’s system saves between 50 and 70 percent of oil and reduces pollution by 80 to 90% compared to a traditional heat pump system.
IQwind, an Israel-based start-up developing variable gear technology that improves the energy generation efficiency of wind turbines, has raised $500,000 from ISRAEL G-TEK LLC, according to an announcement by the U.S.-based investors.
IQwind received a first round of investment from Terra Venture Partners in 2007.
Sami Shiro and Uri Benhamron, principals at ISRAEL G-TEK, explain that the investment in IQWind is part of their “plan to create a balanced portfolio of greentech companies with a special focus on Israel as a breeding ground for technology.”