# MoreVC

MoreVC is a Private Equity based in Ra'anana, Israel.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Ra'anana, Israel
- **Region:** Middle East
- **Address:** 4 Dolev Street Mixer - Building A, Ra'anana 4366204, Israel
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** morevc.com
- **LinkedIn:** https://www.linkedin.com/company/morevc
- **Wikidata:** Q11286604

## Regulatory record

- **Reports private funds:** No

## About

MoreVC is a venture capital firm based in Ra'anana, Israel, founded in 2006. It invests in energy, water, and environmental technology, including water, solar, biogas, energy storage, energy efficiency, transportation, and green materials. MoreVC has made 77 investments and 13 portfolio exits, with its latest investment in Gavan's Series A on December 10, 2024, and its latest exit in Grid4C on March 18, 2025.

## Sectors

- Enterprise Software
- AI/ML
- Cybersecurity
- AgriTech & FoodTech
- Energy Transition & Renewables
- Mobility & Transportation
- ClimateTech

## People

- Jack Levy — Partner
- Glen Schwaber — Partner
- Meir Ukeles — Partner
- Lila Frenkel — Partner & CFO
- Raviv Melamed — Founder & CEO (historical reference on firm website)

## Questions

### Who runs investment decisions at MoreVC?

Investment decisions are led by the partnership group of Jack Levy, Glen Schwaber, Meir Ukeles, and Lila Frenkel, who also serves as CFO. The firm emphasizes a team-based approach where collective experience is applied to each portfolio company, and three venture partners (Rony Patishi-Chillim, Arnon Goldfarb, and Elliott Sussman) support sourcing and diligence.

### How does MoreVC source proprietary deal flow?

MoreVC sources primarily through a close network of veteran Israeli founders, experienced executives, emerging technology talent pools, and co-investors. The firm states on its website that the best introductions come through mutual contacts and explicitly encourages warm referrals. Its 17-year track record in the tight Israeli ecosystem provides access to pre-institutional seed rounds.

### What is the firm's governance model with portfolio companies?

MoreVC almost always takes a board seat in every company it invests in, reflecting a concentrated-portfolio strategy that requires deep engagement. The firm aims to act as a resource for founders day-to-day while also knowing when to step back. This hands-on governance is a stated structural differentiator from volume-driven VC models.

### Does MoreVC participate in fund commitments or only direct deals?

MoreVC operates as a direct investor making equity investments in seed and early-stage Israeli technology companies. It does not publicly indicate involvement as a fund-of-funds or limited partner in external VC vehicles; its deployment is almost entirely into direct company stakes.

### What investment stages does MoreVC typically target?

The firm targets pre-seed, seed, and Series A rounds. Initial check sizes range from $500K to $3.5 million, with ample reserves held for follow-on investments in companies that meet performance milestones in subsequent funding rounds.

### How is MoreVC related to Israel Cleantech?

MoreVC conducts its activities under the names Israel Cleantech and ICV (Israel Cleantech Ventures), as disclosed on the firm's website. These appear to be legacy fund brands; the firm now operates the unified MoreVC brand across its third fund and current portfolio, though the cleantech heritage still informs its sector focus in energy and climate.

## Related profiles

- [Moreton Asset Management](https://altss.com/profile/moreton-asset-management)
- [Morgan-Aly Wealth Management](https://altss.com/profile/morgan-aly-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/morevc

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