This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Terra Venture Partners Hits First Close For $50m Fund II

TEL AVIV, Israel, March 20, 2013 /PRNewswire/ --

 TERRA Venture Partners LP announced today the first closing for its new fund, of USD 20 million. Its primary investors include a leading US private equity fund, a Brazilian bank, European family offices, and additional strategic investors, many of which have invested in TERRA's first fund. TERRA targets a $50 million second fund. Upon completing its raising of capital, TERRA will manage a total of USD 90 million.

The capital raised for the second fund is expected to be invested in ventures not necessarily associated with the traditional CleanTech industry, and which connect between internet, software and mobile technology, and have a favorable impact on the environment and our way of life.

The fund was selected by Israel's Chief Scientist at the Ministry of Industry, Trade and Labor to operate a business incubator in the northern part of Israel technology scene. As part of the tender, TERRA will operate the incubator for the next eight years, whereas for each dollar invested by TerraLab, the State of Israel invests 5.5 dollars. TERRA aim to invest through TerraLab in five to seven companies annually and also performs the follow-on investment.

Terra General Partner Dr. Astorre Modena said: "CleanTech is undergoing dramatic change in the last two years, and we see more and more revolutionary and breakthrough which target the end user and include green technologies in our daily lives. CleanTech stopped being intended for just heavy industry long ago, as we have proved with our current portfolio companies, there are outstanding CleanTech companies on the market with promising economic viability."

Dr. Astorre Modena, and DR. Harold Wiener founded TERRA Venture Partners in 2007. TERRA's first fund, which raised USD 25 million, invested in nine CleanTech companies. Most of its portfolio have raised large follow-on capital, and four have substantial revenue and cooperation agreements with industry leaders.

Terras portfolio companies include Phoebus Energy Ltd, hybrid water heating solutions for institutions; Wi-Charge Ltd., which has developed radiation-free wireless solutions for recharging electrical products and mobile phones; and  SmarTap Ltd., which provide smart water saving solutions for the home, and which won the Eco Innovations Award for 2013.

For additional information -

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,327.11 +135.74 0.79%
S&P 500 2,008.92 +6.76 0.34%
NASDAQ 4,650.4890 +12.4950 0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs