21Ventures

About: Founded in 2004 and headquartered in New York, 21Ventures invests in seed, early stage and PIPE (Private Investments in Public Equities) technology and publicly traded companies in the security, clean energy and mobile software markets. The fund’s primary geographic focus is Israel, where over half of the company’s investment capital has been deployed to date. 21Ventures currently manages more than $300 million worth of investments in 25 companies in Israel and the United States. More than half of 21Ventures’ investments are in clean energy companies

www.21ventures.net

See also http://davidanthonyvc.com/

Key Personnel:
David Anthony, Managing Partner

Portfolio:
Wind
– Magenn Power, TechnoSpin, Variable Wind Solutions
Solar
3GSolar, Applied Solar, Entech Solar, GreenRay, Lightwave Power, Solar Enertech Corp
Water
Advanced Hydro, BioPetroClean, Colorep, ThermoEnergy
Storage
Axion Power International, Firefly Energy, Graphene Energy, H2Scan, LaunchPoint Technologies
Agriculture
– Aero Farm Systems
Efficiency
Advanced Telemetry (acquired by Siemens), Clean Power Technologies, Energy Focus, ETV Motors, FreeGreen, Glacier Bay, ReGen Power Systems, TBT Group
Note:
In almost all the companies above, Quercus Trust is the lead investor while 21Ventures is mostly the co-investor or board member or both.

News: 21Ventures seems to work closely with the secretive Quercus Trust. 21Ventures’ cleantech portfolio is mostly led by Quercus Trust. In Sep 2008, 21Ventures and the Quercus Trust announced that they have awarded a $200,000 grant to support the solar energy research of Professor David Cahen of the Weizmann Institute of Science in Rehovot, Israel. Also in May 2008, The Quercus Trust and 21Ventures announced that they have awarded a $100,000 grant to the non-profit humanitarian organization Engineers Without Borders – USA (EWB-USA). EWB-USA partners with developing communities around the world to implement environmentally, economically, and culturally sustainable projects while providing training and experience for students and professionals. So, if you want to know where Quercus Trust invests, you probably might guess by looking where 21Ventures invests. This article says “David Gelbaum, a famous former trader turned secretive cleantech investor and philanthropist, is a friend with whom David Anthony says he feels very lucky to do deals.”

Looks like 21Ventures recently started a quarterly newsletter since Q4 2008. Its latest Q2 2009 can be found here. David Anthony has his own website. If you’re wondering why he invests heavily in Israeli companies despite concerns about the political stability and missile and terrorism threats, he offered his views here and here. The factors of his decision are Israel’s strong business economy, military-trained workforce, strong intellectual property law and expertise in export to international markets.

If you’re interested in investing in Israel, see David’s video here (Part 1, 2, 3, 4, 5, 6, 7, 8) or his article in this Israel Venture Capital & Private Equity Journal. Note: David is legally blind.

21Ventures

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