JAL Ventures Fund provides expansion capital to fast growing, early revenue stage tech startups in Israel.

JAL Ventures

O.R.Technologies develops, manufactures, and markets products and services for fuel retail systems.

O.R.Technologies

Evonik, the creative industrial group from Germany, is in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. In 2010 about 80 percent of the Groups chemical sales came from activities where it ranks among the market leaders. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around â‚¬13.3 billion and an operating profit (EBITDA) of about â‚¬2.4 billion.

Evonik Industries

ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 86% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service. ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

Altana

Michael Ilan Management and Investment Ltd. (MILMI) is an Israeli based holding and investment company.

Michael Ilan Management and Investment Ltd.

Fortissimo Capital is a leading private equity fund in Israel investing primarily in maturing technology and industrial companies. Since our formation in 2004, we have raised $2.7 billion across six funds and have invested in over 60 companies. Current investors include several large international financial institutions, including banks, insurance companies and pension funds. Our unique, proactive approach to private equity investments empowers us to think out of the box to achieve the seemingly impossible, and build long-term, sustainable growth.

Fortissimo Capital

Evonik Venture Capital is the corporate venture arm of Evonik Industries AG, one of the providers of specialty chemicals. Evonik Venture Capital invests in young companies with innovative technology and high growth potential with solutions to problems within the areas of focus of resource efficiency, specialty additives, health & care, nutrition.

Evonik Venture Capital

Migdal Group provides a wide variety of insurance, pension, and financial assets management services products. Migdal Group and its subsidiaries serve over one million and a half individual and business customers. It was founded in 1934 and headquartered in Petah Tikwah, HaMerkaz.

Migdal Insurance and Financial Holdings

Ilan Holdings is a private fund. They provide venture capital, private equity, and investment services for early-stage israeli companies. They address inquiries through phone calls and emails.

Ilan Holdings

Waypoint Investors is a private equity investment firm that invests in industrial, education, healthcare, and services sector companies.

Waypoint Investors

Velox

Velox develops and manufactures industrial-grade direct-to shape digital decoration solutions for the rigid container industry. Their proprietary DTS-Inkjet technology, based on uniquely formulated inks and dedicated deposition architecture, introduces an entirely new approach to digital printing that is poised to disrupt the packaging decoration market. Their debut product is the Velox IDS 250 – the first industrial-grade digital decorator for mass production of cylindrical containers available on the market. It delivers superior decoration quality and capabilities that outstrip analog printing solutions, while allowing a more efficient and flexible production process and a low total cost of ownership (TCO). Velox is powered by an expert team with uniquely extensive and wide-ranging experience in digital printing. It is led by veteran executives with proven success in driving company growth.

Based in Israel, Velox specializes in industrial-grade Direct-to-Shape (DTS) digital decoration solutions for the mass production of cylindrical containers. The company's proprietary DTS inkjet technology utilizes adaptive deposition architecture (ADA) and variable viscosity ink (VVI) for digital printing. Its solutions include the Velox IDS Series, a line of high-speed, industrial-grade digital decorators tailored for a variety of market segments, including plastic tubes, beverage cans, and aerosol cans. In addition, Velox offers professional services to help customers maximize the benefits of their digital solution, including technical support, production monitoring, color services, and collaboration opportunities. Features of Velox solutions include creating photo-realistic images, unlimited color matching, tactile embellishment, gloss and matte embellishment, and operational agility.

Next-gen packaging solutions for enhanced product tracking, inspection solutions and freshness monitoring

Smart Packaging Tech

Based in Israel, Velox specializes in industrial-grade Direct-to-Shape (DTS) digital decoration solutions for the mass production of cylindrical containers. The company's proprietary DTS inkjet technology utilizes adaptive deposition architecture (ADA) and variable viscosity ink (VVI) for digital printing. Its solutions include the Velox IDS Series, a line of high-speed, industrial-grade digital decorators tailored for a variety of market segments, including plastic tubes, beverage cans, and aerosol cans. In addition, Velox offers professional services to help customers maximize the benefits of their digital solution, including technical support, production monitoring, color services, and collaboration opportunities. Features of Velox solutions include creating photo-realistic images, unlimited color matching, tactile embellishment, gloss and matte embellishment, and operational agility.The company reportedly matches more than 95% of the Pantone Plus color book by handling 14 colors simultaneously. It also stated that the Velox IDS-NC series can decorate beverage cans at speeds of up to 500 containers per minute, while the Velox IDS-PT series can decorate plastic tubes at speeds of up to 250 containers per minute.Funding and financialsIn November 2018, the company raised USD 32 million in a funding round co-led by JAL Ventures and O.R.T. Technologies to accelerate Velox's go-to-market strategy, strengthen its technology leadership, and further innovate its industrial direct-to-shape digital printing solutions for the container industry.

Elementary Robotics is an AI-driven quality assurance platform for manufacturing that uses machine learning-based visual inspection to improve product quality and derive insights from real-time production quality data. Elementary Robotics's visual inspection platform comprehensively identifies and classifies defects, even those not explicitly programmed to be detected. The system leverages remote cameras coupled with Edge and cloud processing to enable manufacturers to remotely access inspection stations, securely manage and update them from anywhere, and collect data from multiple connected devices to understand defect trends and root causes. The platform's capabilities include automating traceability scans and incorporating AI, machine vision, and automation. The system also provides data, insight into operational efficiency, and ongoing support after deployment.Key customers and partnerships&nbsp;As of February 2024, its customers included leading manufacturers like Milwaukee, Yamaha, Toyota, and Rapid Robotics.&nbsp;Funding and financials&nbsp;In December 2021, the company raised USD 30 million in a Series B funding round led by Tiger Global to support customer demand and scale the company's solution globally with existing and new customers.

Elementary Robotics

Vytal, a German reusable packaging solutions provider, offers a packaging system for the food and beverage industry. Through the Vytal app, customers can order takeaway items in reusable containers that can be borrowed for free using QR codes. The process involves downloading the app, placing an order, borrowing the reusable containers, and returning them within 14 days. The company offers a variety of containers for all types of foods and beverages, including leak-proof and microwaveable options. It also offers a B2B solution, Vytal Events, which provides a comprehensive solution for event organizers, serving a range of events from concerts and festivals to corporate events. With a hybrid system, event organizers can customize their orders, receive direct delivery, and use a convenient rental process. Unique features include external flushing, direct delivery, and the flexibility of deposit and non-deposit options.Key customers and partnershipsAs of February 2024, Vytal served 330,000+ users and more than 6,500 partners across Europe, including restaurants and cafés such as KFC, Domino's, Wolt, and Uber Eats. Customers for its B2B solutions include <a href="https://www.handelsblatt.com/">Handelsblatt</a>, DER SPIEGEL, Lebensmittel Zeitung, and Bayerischer Rundfunk.In May 2023, Vytal partnered with SwapBox, a reusable packaging service provider, to improve sustainable food packaging solutions for the HORECA (hotel, restaurant, and café) industry in the Benelux region. In November 2023, the company entered the Budapest market in partnership with Wolt, a Finnish online food delivery platform, to provide an eco-friendly alternative for food delivery and address environmental concerns associated with single-use packaging.Funding and financialsIn March 2022, the company raised USD 10 million in a Series A funding round led by Grazia Equity to support its packaging-as-a-service model, offering premium leak-proof trays for take-out and delivery food on a pay-per-fill basis.

VYTAL

Ennoventure is an Indo-US SaaS company specializing in product tracking and counterfeit detection for brand protection and consumer experience enhancement. Its patented invisible cryptographic signatures, powered by AI and cryptography, enable brands to improve the security of their packaging without requiring any changes to the production process, special inks, or machinery. The process involves sharing artwork with Ennoventure, which then adds an invisible signature. The printed packaging can be authenticated using a smartphone, allowing quick verification.As of March 2024, the company claimed to be able to create invisible signatures for packaging in 48 hours.Key customers and partnershipsAs of February 2024, the company stated that its technology has been applied to over 10 billion packages globally.Funding and financialsIn July 2021, the company raised USD 5 million in a Series A funding round led by Fenice Investment Group to support team expansion and the company's strategic growth initiatives in Europe and the US.

Ennoventure

ScanTrust is a Switzerland-based package traceability and analytics platform that provides companies with comprehensive tools to combat counterfeiting and compliance and optimize inventory and distribution processes. Its core technology includes creating secure QR codes and landing pages without programming knowledge and facilitating customer engagement and compliance with e-labels and digital product passports (DPP). It also reportedly works with a customer's existing label printing processes and QR codes (which can be upgraded with security features). Key products and services include cost-effective anti-counterfeiting solutions that allow consumers to authenticate products using a smartphone without needing a special app. The platform also supports supply chain traceability, providing visibility into inventory and distribution processes through QR codes. Additional capabilities include authentication applications, QR code managers, EU wine-label compliance, enterprise QR codes, mobile landing page creators, and supply chain workflow applications.Key customers and partnershipsAs of February 2024, the company had more than 1 billion connected products, and its customers included Dupont, Melitta, NuSkin, Unilever, Abbott, ExxonMobil, Unilever, HP, Motul, and Zippo.In July 2021, the company partnered with ePac Flexible Packaging, a custom flexible packaging company, to offer secure and serialized QR codes printed on the packaging to provide an online gateway and connected packaging capabilities. In September 2023, Scantrust partnered with SCREEN Europe, a printing equipment provider, to combine SCREEN Europe's digital printing technology with ScanTrust's secure QR codes.Funding and financialsIn November 2017, the company raised USD 4.2 million in a Series A funding round led by SVC Ltd to expand the support and delivery of ScanTrust's supply chain projects with Global Fortune 1000 companies worldwide. It also aimed to develop new features, expand business intelligence capabilities, and fuel the company's growth into new verticals.

ScanTrust

Companies that offer computer vision systems to identify packaging errors and damages during production. Also includes companies that use 3D printing and AI-powered softwares to create packaging in all shapes and sizes.

Companies that provide solutions to improve package safety and security featuring traceability, anti-counterfeit and analytics solutions. Covers companies that  use technologies such as QR codes, radiofrequency (RF) and Near-Field Communication (NFC) tags.

Companies that sell or provide ‘as-a-service’ reusable packages  that can be used multiple times before recycling.

Packaging that can heat or chill contents when a user requires it, without external heat sources or power - typically using a chemical reaction

Platforms that connect providers of packaging solutions with customers online.

Uses AI to optimize package designs and AI-based vision systems to identify packaging errors

Offers packaging-as-a-service to promote reusing

Uses IoT to offer connected packaging solutions

Connected packaging that uses sensors, NF, and RFID tags

Offers personalized packaging solutions through direct-to-shape printing and AI-based designs

ANALYST_QUICK_TAKE

<div>
 
 Velox, a manufacturer of direct-to-shape digital decoration solutions, has secured USD 38 million in a funding round. The round was led by Fortissimo Capital, and saw contributions from JAL Ventures, Evonik, O.R.T. Technologies, and Ilan Holdings, among others.
 The company plans to utilize the new funds to speed up its global expansion and to enhance innovation in its high-speed, direct-to-container digital printing technology.
 
</div> Analyst QuickTake: 
 We view this funding as significant, especially since the initial round was only in November 2018, when Velox raised USD 32 million to expand from specializing in limited editions to targeting the broader mass packaging decoration market.

Velox

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