EcoMachines Ventures in million investment in PointGrab, industry leading IoT company …

London-based VC fund invests in PointGrab to help fuel its expansion into the rapidly growing $30 billion home and building automation market LONDON, UK 15 December 2015 — EcoMachines Ventures, the specialist investor in energy and industrial high-tech companies, has today announced its investment in PointGrab, an Israeli-based electronics company developing innovative hardware and software for the building automation ‘Internet of Things’ (IoT) device market, in a total round of $5 million. EcoMachines Ventures is investing alongside two other leading industry players including ABB Technology Ventures (ATV), the corporate venture capital arm of ABB Group based in Zurich. Saar Wilf, PointGrab’s Chairman and first investor, is also participating in this round. This collaborative investment will fuel PointGrab’s expansion into the rapidly growing $30 billion home and building automation market.PointGrab is…


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