OurCrowd’s portfolio company Consumer Physics was listed as one of Europe’s hottest startups in 2015 by Wired UK, a popular news site and magazine covering technology, culture, business, and politics. Consumer Physics has developed the world’s first affordable molecular sensor – the SCiO – that fits in the palm of your hand.
Tel Aviv is where the money is. The startup nation became the exit nation in 2014, with Israeli tech sales and IPOs hitting $15 billion (£9.5bn) according to analysis by PriceWaterhouseCoopers.
Consumer Physics wants to build a molecular map of the world. Founded by Dror Sharon and Damian Goldring in 2011, it makes the $250 USB-sized SCiO molecular spectrometer that can identify the chemical make-up of objects. It raised $2.7m on Kickstarter, and says it will be ready to ship its first SCiO this autumn, with 1,000 developers signed up.
Read more on Wired UK here.