Israeli Cleantech Start-up Raises $6 Million

Jan 30 2009 | 10:48am ET

BrightView Systems, an Israeli cleantech start-up developing photovoltaic systems, has raised $6 million in a first financing round from Israel Cleantech Ventures Fund and Germany’s Hasso Plattner Ventures.

“BrightView is focused on perfecting the production process of photovoltaic-based solar-cells,” said Benny Shoham, BrightView’s co-founder and CEO, in a statement. “Our tools are designed to deliver a solution suite that uniquely addresses some key production gaps while optimized to meet the particular needs of the most advanced solar-cells manufacturers.”

Shoham said the money raised will be used to bring the company’s first solution to market in 2009.

The Israel Cleantech Ventures Fund was established in 2006 to provide growth capital to businesses in Israel’s energy, water and environmental sectors. The fund has $75 million under management and has, to date, invested in nine companies.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.