OurCrowd’s portfolio companies, Consumer Physics and enVerid, have snagged two of the top ten Israeli startup awards in the Globes-Journey competition, placing 5th and 8th on the list. The ranking is done by leading investors, entrepreneurs, and venture capitalists, with the aim of discovering promising companies that will be very prominent in Israeli high-tech in the coming years.
Consumer Physics has developed an application for analyzing materials. It has raised an impressive $2.75 million in crowd sourcing. The company’s product is initially being used for identifying ingredients of food.
Seeded by OurCrowd and top tier Silicon Valley VC Khosla Ventures, Consumer Physics raised $3,300,000 from OurCrowd investors in its 2nd round of funding in May 2014.
enVerid Systems deals in energy saving in air conditioning systems. The company has raised $5 million so far, in addition to grants from the BIRD Foundation and a $2.5 million grant recently received from the US government.
enVerid raised $1,568,500 from OurCrowd investors in October 2013 and $1,838,916 in a follow-on funding round in 2014.
To read more about the most promising Israeli startsups of 2014, click here.