21Ventures is a Cleantech Virtual Incubator that focuses on clean technologies, mobile software and security. Since its founding in 2003, 21Ventures has provided seed, growth and bridge capital to more than 40 companies across the globe. The firm's focus in Cleantech has directed investment across the spectrum of wind, solar, energy storage, efficiency and agricultural technology.
21Ventures Headquarter Location
601 West 26th Street Suite 1260/v
New York, New York, 10001-1129,
Latest 21Ventures News
Nov 30, 2017
Announces an $8 Million Series A Financing Round Led by NY Venture Capital Fund 21Ventures The Financing will Support R&D as Well as Sales and Marketing Efforts April 28, 2008 04:00 PM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )--TechnoSpin Inc., developer and manufacturer of next-generation small wind turbines for residential and commercial use, announced today a Series A financing round of $8 million. The round was led by 21Ventures, a New York based venture capital fund. The money will back R&D as well as sales and marketing efforts. “TechnoSpin has a stellar management team with great vision. They are focused, dedicated and highly creative. These attributes were central to our decision to invest in the company,” said David Anthony, Managing Partner of 21Ventures. TechnoSpin turbines achieve more effective utilization of wind energy. In addition, they are not limited only to use in areas with strong winds, but can also operate in low and medium-wind areas. Other existing wind systems are generally unable to function in low and medium-wind areas, which account for more than 80% of the Earth’s ground surface. “In addition to its new blade design, TechnoSpin features an innovative manufacturing process, which substantially decreases manufacturing costs and increases the flexibility of locating manufacturing facilities. Both factors lower total costs by 20-30% as compared to existing renewable power solutions,” said Maxim Rakov, CEO of TechnoSpin. TechnoSpin targets business and agricultural users in developing countries, as well as residential users in both developed and developing countries. TechnoSpin systems can provide an affordable solution for remote rural areas not connected to a central power grid, or be used in combination with the central grid. TechnoSpin’s small systems are portable and can be erected temporarily in areas where electricity has been cut off due to natural disasters and other disruptions in supply. The company is also developing a revolutionary versatile gear, allowing for increased efficiency and reduced weight and materials consumption. About TechnoSpin, Inc: TechnoSpin, Inc is a manufacturer of revolutionary small wind energy systems, with headquarters in NY, a manufacturing facility in Israel and activities in Eastern Europe and the Middle East. For additional information, please visit: www.tswind.com or call 212-751-8336. About 21Ventures: Founded in 2004 and headquartered in New York, 21Ventures is a venture capital fund which invests in seed and early stage technology companies in the physical security, clean energy and mobile software markets. The fund’s primary geographic focus is Israel, where over half of the company’s investment capital has been deployed to date. 21Ventures is currently managing more than $100 million worth of investments in 20 companies in both Israel and the United States. For more information, please visit www.21ventures.net . To schedule an interview, please contact Marjie Hadad, media liaison, email@example.com or please call 646-335-0269.
3 Team Members
21Ventures has 3 team members, including current Chief Executive Officer, Itsik Kattan.