Roee Furman is the managing director of Doral Energy-Tech Ventures (DETV), the cleantech corporate venture capital unit set up by Israel-based solar energy company Doral Renewable Energy Resources Group in the first half of 2021.
DETV is a NIS50m ($15.3m) fund which will back early-stage solar, wind, biogas, storage, infrastructure management and waste treatment startups. At the time of DETV’s launch, Yaki Noyman, CEO of Doral Energy, which builds, develops, and operates renewable energies, told news provider Calcalist: “The purpose of these investments is to gain a competitive edge over other energy companies that we deal with in Israel, Europe and the US.
“We are directing our investments to leverage Doral as a significant player in launching companies’ activities and aim to be the first to invest in them, but without becoming a controlling shareholder. However, we also are not ruling out investments in later stage-companies, such as what we did with Phinergy.”
Doral earned 32% on its investment in Phinergy, an Israeli clean-energy company which has developed groundbreaking metal-air technology to store solar power.
Among DETV’s more recent investments are participation in the $25m series A round for Verdagy, a developer of water electrolysis technology to be used in the production of green hydrogen, as well as a role in the $27m series A raise for next-generation battery specialist Addionics.
Prior to taking control of DETV, Furman was responsible for strategy and business development at Maisha-Labs, the healthcare research subsidiary of strategic risk consultant Maisha Group. Furman has also worked as the head of intelligence for Israeli Military Intelligence. He has a bachelor’s degree in strategy and decision-making from Reichman University in Israel.
