FLC Top 20 Holders, page-203

@sell
This is a bit convoluted, but I think the link between Plan B Ventures, (Barbara Goldman and Mark Gelfand) and Emefcy is actually Israel Cleantech Ventures (Jack Levy, Arnon Goldfarb, Eytan Levy). ICV were an investor in Aqwise prior to Eytan and Ronen exiting. ICV was founded in 2006, Eytan joined in 2007.

Barbara Goldman was involved in the Boston Israel Cleantech Alliance, where Emefcy went for a roadshow in 2009. Barbara Goldman joined the board of Emefcy after this and served from 2009 to 2015. The seed and series A financing round that ICV, Plan B and Pond Ventures (Richard Irving) participated in was done in the 2009 to 2010 period. Richard may have also attended a roadshow event during this period and became Emefcy Chairman once the funding closed. 11 years now @Slug05.

ICV were also involved as an investor in FRX Polymers, linked to Ross Haghighat, linked to Triton Systems who vended into the Savcor shell that Emefcy reverse listed into. Triton Systems also manages that Employee Equity Administration holding. Accounts associated with the Savcor shell prior to Emefcy being vended in include John W King, ACN 075 312 980 Beacon Unit Trust, Torres Industries, Jagen Pty Ltd, and Lampam (Peter Marks).

That Jagen Pty Ltd account is very interesting, belongs to Bori Liberman's pension fund, Liberman (Monarch Property Partners) is one of the richest families in Melbourne. Helped to fund the Savcor shell in June 2015, then also participated in the Emefcy raises.


The funds that were part of the Emefcy 2012 series B funding round are the ones who exited early. They were on board for the MFC development, once it became apparent that Emefcy and Fluence were going to put that on the backburner and focus on sewage and desal instead they left. GE Ventures, Energy Technology Ventures (General Electric, NRG Energy, and ConocoPhillips).
Unfortunately True North Ventures was forced out by their fund investment rules. Would have been nice to have them on board still.


ICV probably did the best out of the sales of their shares with the highest average price when selling most of them in 2016 and 2017. They also did the most destruction to the shareprice, with total ownership about 15 million shares in total once the 2nd consideration shares came through in Dec 2017, although they had been selling before then. Between Aug 2016 and the start of 2018 they got rid of most of their shares.