Union Tech Ventures

Union Tech Ventures is the corporate venture capital arm of the Union Group, headquartered in Tel Aviv, Israel. The firm specializes in investing in mobility and retail technology companies that are developed by entrepreneurs with ties to Israel. Its primary focus is on innovative technologies that enhance these sectors, aligning with the broader objectives of the Union Group, which is the exclusive distributor of Toyota and Lexus vehicles, as well as Hino trucks, and the franchisee of H&M in Israel.

Idan Erdan

Principal

Roxanne Horesh

Managing Director

Tal Recanati

Managing Director

14 past transactions

Addionics

Series A in 2022
Addionics limited designs and develops rechargeable batteries for electronic vehicles. The company was founded in 2017 and is based in London, the United Kingdom with additional office in Tel-Aviv, Israel.

MeMed

Venture Round in 2022
MeMed Diagnostics Ltd. is a personalized diagnostics company established in 2009 and based in Tirat Carmel, Israel. The firm specializes in developing diagnostic solutions that focus on distinguishing between bacterial and viral infections to enhance patient care and reduce healthcare costs. Its flagship product, MeMed BV, is a test that analyzes patients' immune responses to differentiate between infection types. Additionally, the ImmunoDx platform combines proprietary biomarkers and algorithms to provide rapid and actionable insights for healthcare professionals, thereby addressing the challenge of antibiotic misuse, which is prevalent in healthcare systems worldwide. By accurately identifying the source of infection, MeMed's diagnostics aim to prevent inappropriate antibiotic prescriptions, mitigate the emergence of resistant bacterial strains, and ultimately improve treatment outcomes for infectious diseases.

Guardio

Series A in 2021
Guardio is a company that develops tools and products aimed at addressing modern web and cloud-based threats for both consumers and businesses. It offers a lightweight browser extension designed to enhance online security by removing malware and unwanted pop-ups, while also blocking phishing attempts, malicious websites, and various scams. By providing these protective features, Guardio enables users to browse the internet securely and safeguard their personal computers from potential threats.

Homez

Series A in 2021
A global network of move-in-ready apartments for a month, a year, or longer.

Tactile Mobility

Series C in 2021
Tactile Mobility provides a platform that enhances the capabilities of autonomous vehicles by delivering essential tactile sensing and dynamics data. Founded in 2012 and headquartered in Haifa, Israel, with additional offices in Germany and the United States, the company offers two advanced software modules—SurfaceDNA and VehicleDNA—that can operate independently or in conjunction to improve data accuracy and utility. Tactile Mobility's technology leverages artificial intelligence to analyze data from vehicle sensors, enabling better road awareness and driving efficiency. The insights generated from this platform support various applications, including optimizing fuel consumption, detecting fuel theft, and facilitating preventive maintenance, ultimately aiming to create safer and more enjoyable driving experiences.

Fabric

Series C in 2021
Fabric is developing an on-demand supply chain solution aimed at grocery retailers, enabling them to provide sustainable, one-hour delivery services to their online customers. The company has created Micro-Fulfillment Centers, which are urban, automated fulfillment facilities designed to optimize local distribution while maintaining cost-efficiency. By leveraging advanced robotics and artificial intelligence, Fabric redefines the fulfillment and delivery process in urban settings. This innovative approach addresses the challenges of last-mile delivery, allowing retailers to implement true on-demand services, significantly lower operational costs, and achieve enhanced scalability in their operations.

IRP Systems

Series C in 2021
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

Homez

Seed Round in 2021
A global network of move-in-ready apartments for a month, a year, or longer.

Thriver

Series B in 2020
Thriver is a food and culture platform that enables workplace culture programs that engage employees. The platform also enables the company to create new workplace programs around wellness, education, and teambuilding, as well as double down on research and development, and marketing functions. They fuel workplaces with an enterprise platform that curates food and experiences, tracks related spending, and gathers valuable employee feedback. Thriver was founded in 2015 and is headquartered in Toronto, Ontario, Canada.

IRP Systems

Series B in 2020
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

Intuition Robotics

Series B in 2020
Intuition Robotics Ltd. is a company based in Ramat Gan, Israel, founded in 2015. It specializes in designing and developing artificial intelligence-based social companion technologies aimed at enhancing the quality of life for older adults. The company's innovations focus on creating robots that facilitate connections with family and friends, making technology both accessible and user-friendly. By utilizing proprietary algorithms, Intuition Robotics' digital companions proactively engage users, addressing issues such as loneliness, social isolation, and health challenges. These solutions aim to promote an active lifestyle and help older adults maintain their independence while living at home.

Tactile Mobility

Series B in 2019
Tactile Mobility provides a platform that enhances the capabilities of autonomous vehicles by delivering essential tactile sensing and dynamics data. Founded in 2012 and headquartered in Haifa, Israel, with additional offices in Germany and the United States, the company offers two advanced software modules—SurfaceDNA and VehicleDNA—that can operate independently or in conjunction to improve data accuracy and utility. Tactile Mobility's technology leverages artificial intelligence to analyze data from vehicle sensors, enabling better road awareness and driving efficiency. The insights generated from this platform support various applications, including optimizing fuel consumption, detecting fuel theft, and facilitating preventive maintenance, ultimately aiming to create safer and more enjoyable driving experiences.

Dynamic Yield

Series D in 2018
Dynamic Yield Ltd. is a technology company that specializes in an AI-powered personalization platform designed to enhance customer engagement by delivering individualized experiences across various touchpoints, including web, mobile, email, kiosks, and IoT devices. Founded in 2011 and headquartered in New York, the company's platform integrates data management capabilities that provide a unified view of the customer, enabling marketers to create highly targeted digital interactions. Dynamic Yield's solutions encompass areas such as segmentation, omnichannel personalization, optimization, behavioral messaging, and product recommendations. The platform allows users to launch personalization campaigns, conduct A/B testing, and utilize machine learning for smartly triggered communications. Serving over 300 brands globally, Dynamic Yield caters to diverse industries, including e-commerce, media, travel, and gaming, as well as B2C and B2B markets. As of March 2019, Dynamic Yield operates as a subsidiary of McDonald's Corporation.

Oryx Vision

Series B in 2017
Oryx Vision develops solid state depth vision solutions for autonomous vehicles. Based on a radically innovative depth-sensing technology, it is the first and the only answer to the range and resolution vision requirements of fully autonomous driving.
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