Teddy Sagi Backs Clean Energy Startup for $3 Million
Israel-based SmartGreen develops a system for optimizing and reducing energy consumption. Its customers include HP, McDonald's Israel and Hong Kong-based electric company China Light & Power
Lilach Baumer | 10:37 07.12.2017
Teddy Sagi is investing $3 million in Israel-based clean energy startup SmartGreen Ltd., according to an announcement published by the business magnate’s companies group Wednesday. SmartGreen previously raised around $2 million.
For daily updates, subscribe to our newsletter by clicking here.Mr. Sagi is the founder of gambling software company Playtech, the owner of mobile ad tech company Glispa Global Group, and also owns London's Camden Market, which uses SmartGreen's technology.
SmartGreen's systems can reduce energy consumption by up to 25% without having to invest in new equipment, the company says on its website.SmartGreen currently employs 15 people and intends to double its workforce in the recent future, the company’s announcement states.