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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...