OurCrowd portfolio company enVerid was featured in Globes, the leading Israeli financial daily. enVerid has developed an energy saving solution using a patented air treatment and recycling system for HVAC (Heating, Ventilation and Air Conditioning) systems.

Israeli startup enVerid Systems is raising NIS 80-90 million in a financing round led by Bank Leumi (TASE: LUMI). The Israeli bank’s investment unit Leumi Partners has invested NIS 37 million in enVerid Systems in return for 17% of its shares.

The company, which was founded in 2011 by Dr. Udi Meirav and Dr. Israel Biran has developed specialized HVAC systems which offer energy savings and improved air quality for commercial buildings.

enVerid raised $1,568,500 from OurCrowd investors in October 2013 and $1,838,916 in a follow-on funding round in 2014.

Read more on Globes here.