Apollo Power Ltd

Apollo Power Ltd, Prior to change in Line of Business is out of business. It is an independent venture capital firm which invests in high-tech Israeli start-ups. The Shoval Group (Israel), The Evergreen Group (Israel), The Van Leer Group (Netherlands), Amev Pension Fund (Netherlands), Industrial Development Bank of Israel and Government of Israel are notable shareholders of Inventech. The firm raised $8M ($6.66M net) for 18% of its shares in October 1998 through IPO and is listed in the Tel-Aviv Stock Exchange (TASE). Areas of interest include: telecommunication, electronics, semiconductors and biotechnology. It typically invests $1 million per company. It has invested $23 million in twenty early stage ventures. Two of the portfolio companies were sold during 1997, both with profits. Apollo Power Ltd, Prior to change in Line of Business is based in Tel Aviv, Israel.