Venture capital firm Israel Cleantech Ventures (ICV) closed its second fund with just above $74m in commitments.
Limited partners include new and existing institutional investors, multi-national corporations and family offices in Europe, the US and Israel.
Managed by partners Jack Levy, Meir Ukeles, Glen Schwaber, and Arnon Goldfarb, the fund will continue the firm’s strategy of investing in Israeli based or Israel related high growth, clean technology, early and growth stage companies. The vehicle seeks opportunities across diverse cleantech sectors including clean materials, wastewater treatment, alternative energy generation, energy storage & efficiency, green building, smart grid, process efficiency technologies and sustainable agriculture.
ICV, which has invested in 15 companies since 2007, now has approximately $150m under management.