Top 5 Clean Energy VC Funds &amp; Investors in Middle East (October 2023)

Established in 2006, MoreVC manages over $230M in three funds and has completed more than 25 investments. The founders and teams we partner with strive to create something real, meaningful and with a lasting impact on the world. MoreVC funds are backed by leading institutional investors, multinational corporations and family offices in Europe,Asia, the US and Israel.

Investment focus

Industry: Software, Energy, Renewable Energy
Stage:Series A, Series B
Geography: Israel, United States, Canada

Investor stats

Total investments: 49
Round size: Series A $3.5M–$12M
Lead/follow: 35% lead, 65% follow
Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

Vayyar — With applications in the automotive, smart home, robotics, retail, RF testing and medical sectors, Vayyar's intelligent sensors can see through walls and objects, tracking movement in real time in all environmental conditions. Its state-of-the-art Radar-on-Chip covers imaging and radar bands from 3-81 GHz, with up to 72 transceivers on eachchip and an integrated high-performance DSP delivering unprecedented levels of accuracy and generating high-resolution 4D point cloud images. Vayyar is developing the next generation of sensing technology that is miniature, affordable and versatile enough to impact everyone's lives. Welcome to a world where intelligent sensing is part of the everyday.
OpenEyes — OpenEyes offers commercial automotive insurance aiming to reduce the risk of an accident and aggressive lawsuits. It leverages innovative technology to reduce the extremely high commercial automotive insurance costs.
Groundwork BioAg — Groundwork develops, manufactures and commercializes mycorrhizal inoculants for mainstream agriculture. Their customers achieve significantly higher crop yields, while reducing their environmental impact and saving money on agricultural inputs.

Show all investments...

The Israeli innovation agency, the Innovation Authority, was established in 1965 as the Office of the Chief Scientist of the Ministry of Industry and Trade and was designed as a body that supports R & D conducted in the framework of government research institutes. Industrial development in order to increase industrial exports of high-techproducts. The Chief Scientist focused on reducing the risk by participating in financing the project, which the private companies chose and led.

Investment focus

Industry: Health Care, Medical Device, Software
Stage:Grant, Seed, Pre-Seed
Geography: Israel, United States, Mali

Investor stats

Total investments: 107
Round size: Seed $500k–$4M; Grant $91k–$2.5M; Pre-Seed $150k–$1M
Lead/follow: 40% lead, 60% follow

Portfolio highlights

Enzymit — Enzymit's platform technology can build molecular machines that enable never before seen chemistry aiming to solve humanity's greatest challenges
BloomX — Helping nature do its magic with the power of technology
MICA — MICA save lives & improve life quality. Our approach to the environmental and social dimensions is reflected in our commitment to United Nations Sustainable

Show all investments...

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.

Investment focus

Industry: Software, E-Commerce, Apps
Stage:Seed, Pre-Seed
Geography: Egypt, United Arab Emirates, Saudi Arabia

Investor stats

Total investments: 123
Round size: Seed $15k–$300k; Pre-Seed $32k–$230k
Lead/follow: 34% lead, 66% follow
Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

Midient — We help restaurants collect, analyze, and act on their customer data to increase customer satisfaction and increase revenue.
Growdash — Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions across online sales channels.
Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy

Show all investments...

Viola Ventures is a venture capital firm that invests in Israeli or Israeli-related early-stage techology companies, in key market segments including FinTech, Consumer, Enterprise Infrastructure & Applications, Frontier & Deep Technologies (automotive, IOT, AR/VR, drones), Robotics and AgTech.

Investment focus

Industry: Software, FinTech, Information Technology
Stage:Series B, Series A, Series C
Geography: United States, Israel, United Kingdom

Investor stats

Total investments: 176
Round size: Series A $3M–$15M; Series B $5M–$22M; Series C $6M–$21M
Lead/follow: 36% lead, 64% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

Duetti — Duetti acquires music catalogs from independent artists a-la-carte with transparent, data-driven deals. Fund your career and breathe new life into tracks with uniquely intelligent marketing. Partner with us one track at a time, or even just a percentage of one.
Volumez — Volumez is SaaS composable data infrastructure. With Volumez, you can deploy applications in your cloud with precise control of IO characteristics using a fully declarative interface.
Alive — Alive is building a globally leading decentralized artificial intelligence platform supported by a global community of developers, individuals, economists and technologists.The Alive Foundation is a steward, and will support and grow the Alive community until it becomes self-sufficient. Time51 Labs helped launch Alive, and currently serve asadvisors to the Foundation and operators.

Show all investments...