Israel Science Technology

Bio Pure Technology (BPT), a provider of industrial waste water streams treatment solutions, has completed a $12 million second financing round led by U.S. Venture Partners (USVP) and Pitango Venture Capital, with participation from existing investors Aurum Ventures and Elron Electronic Industries.

BPT is focused on developing and commercializing advanced membranes-based separation solutions to address the needs of the water and wastewater treatment industries. BPT’s chemically-stable membrane technology and associated systems enable customers in the landfill, mining, chemical, biopharma and food industries to filter their aggressive waste water to be economically viable, re-use water and comply with environmental regulations.

“Cleantech is an area of growing concern to the world market. BPT’s technology and tremendously experienced R&D group are well positioned to play a significant role in the application of nanotechnology to water technology,” Ittai Harel, partner at Pitango Venture Capital.

“USVP has been investing in cleantech for over six years and this is our first cleantech investment in Israel. Water treatment and recycling are critical elements of adapting to climate change,” said Jacques Benkoski, Venture Partner at USVP. “BPT clearly stood out as a unique player with differentiated and leading technology to solve critical waste water recycling issues for key industrial processes."

BPT was founded in 2000 by Dr. Motty Perry, the company President. Perry previously founded and served as CEO of Blue Green Environmental Technologies and its subsidiary Nitron, which focused on purification of ground wells. BPT is headquartered in Rishon LeZion, Israel.

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Cleantech startup B-Solar has raised $3 million in a first financial round from venture capital fund Genesis Partners and serial entrepreneur Gidi Barak, the founder of IXI Mobile, DSP Communications, Butterfly, and Envara.

B-Solar develops and manufactures unique photovoltaic cells which generate 15-20% more electricity than cells presently in the market. The company plans to establish a manufacturing facility in 2010 to produce its photovoltaic cells, initially at a production capacity of 70 megawatts per year.

B-Solar was founded in December 2007 by Dr. Yossi Kofman, Professor Naftali Eisenberg, Dr. Lev Kreinin, and Dr. Ninel Bordin. Kofman, who serves as B-Solar’s CEO, was previously the co-founder and co-CEO of Modem-Art, which was acquired in 2005 by Agere Systems.

Eisenberg, CTO, Kreinin, Chief Scientist, and Bordin, Scientist, are experts in the solar energy field. Eisenberg founded and led the photovoltaic solar energy center and the non-conventional optics laboratory at the Jerusalem College of Technology. Together with his colleagues, Dr. Kreinin and Dr. Bordin, he turned the center into a leading university laboratory in the field of silicon based solar cells.

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