Aquagro Fund

Aquagro Fund is the venture capital arm of Gaon Agro Industries Ltd., based in Tel Aviv, Israel, focusing on investments in innovative water and agriculture technologies. The fund targets companies at various stages, from seed to late-stage, with a particular emphasis on those demonstrating early revenue and expansion potential. Aquagro Fund invests in sectors such as renewable energy, computerized irrigation management, aquaculture, and advanced agro-biotechnology, among others. The firm seeks opportunities primarily in Israel and North America, favoring companies with revenues of at least $5 million and a positive EBITDA or a clear path to profitability. Typically, Aquagro Fund prefers to acquire minority stakes in founder-owned businesses with limited prior institutional funding. Established in 2008, the fund aims to support enterprises that promote efficient resource use and reduce ecological impacts in their production processes.

Nir Belzer

Co-Founder & Managing Partner

Hillel Milo

Co-Founder & Chairman

2 past transactions

Desalitech

Venture Round in 2014
Desalitech, Inc. specializes in designing, developing, and manufacturing industrial reverse osmosis systems for water purification. The company offers the ReFlex system, applicable in various areas such as pure water supply, boiler feed water, cooling tower makeup, ingredient water, process water, brackish water desalination, and wastewater reuse. It also provides ReFlex Max systems, which address brine concentration, high total dissolved solids (TDS), zero liquid discharge, and seawater desalination. Additionally, Desalitech offers ReFlex Smart, an online monitoring and control software for its systems. The company serves a diverse range of industries, including food and beverage, oil and gas refining, mining, consumer goods, municipal reuse, and power generation, catering to both domestic and international clients. Founded in 2008 by Professor Avi Efraty in Newton, Massachusetts, Desalitech was previously known as Advanced Desalination Technologies and is now a subsidiary of DuPont de Nemours, Inc.

TransBiodiesel

Series A in 2008
TransBiodiesel, a start-up company, develops biocatalyst substitutes to chemical catalysts, presently used for production of biodiesel fuels. Biodiesel fuels are of growing importance as partial substitutes for petroleum based fuels.
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