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The Venture Codex

ICV

One Biscayne Tower 2 S. Biscayne Blvd. 37th Floor, Miami, FL, 33131, United States

Overview

ICV Partners is a private investment firm focused on lower middle-market companies in business services, consumer goods & services, food & beverage, and healthcare.

Total investments
14
Lead investments
4
Investments · 12mo
0
Active investors
8

Sector focus

  • Asset Management
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Investment portfolio

  • Ubeya

    Led · Equity · Jan 2020

    Ubeya provides a workforce management platform designed for companies that use hourly staff, connecting businesses, managers and workers to book, track, monitor and reward hourly staff. The company was launched in 2017 by CEO Omri Dekalo and is based in Tel Aviv, Israel. Its platform is already used by hundreds of businesses — including event venues, catering companies, hospitality organizations, staffing agencies, stadiums, promotional businesses and retailers — across the U.S. and Europe. Ubeya raised $3.5M in the reported funding round, bringing total capital raised to date to $5M. The company intends to use the funds to expand its business reach.

  • Vayyar

    Participated · Series D · Nov 2019

    Vayyar develops radar-imaging "radar-on-chip" sensor technology that uses MIMO antennas to deliver high-resolution mapping of surroundings. The company began by pursuing alternative breast-cancer screening and later expanded its technology into automotive, senior care, retail, smart home, commercial property and construction, offering products such as Vayyar Care (fall detection) and the Walabot handheld sensor. It has secured partnerships and customer relationships including Amazon (Alexa Together integration), Piaggio Group deployments, supply contracts with automakers in Japan and Vietnam, and a joint venture with Haier subsidiary HCH Ventures in China. Founded in 2011 by Miri Ratner, Naftali Chayat and Raviv Melamed, Vayyar plans to introduce a family of machine-learning-powered sensor solutions targeting robotics, retail, public safety and smart buildings. The company raised $108 million in a Series E, bringing total capital raised to over $300 million, and says the latest funding values it at over $1 billion. Vayyar engaged China International Capital Corporation as lead financial adviser to support investor outreach in China and has opened a new office there. Vayyar develops 4D radar-imaging chips, sensors and the software that interprets radar-generated images to detect and track people and objects while preserving privacy. Its technology is applied across automotive and IoT use cases; the company also produces a consumer product, the Walabot handheld sensor. Customers include automotive supplier Valeo and an unnamed "major Silicon Valley company" that is integrating Vayyar tech into smart-home products. The company primarily supplies technology to partners who productize it rather than focusing on direct-to-consumer sales. Vayyar says its software and algorithms differentiate it from other radar-imaging competitors. Management expects regulatory trends (for example, automotive safety requirements around detecting children left in cars) and growing privacy concerns to accelerate demand for its solutions. Vayyar Imaging develops 3D imaging sensors that create realtime, camera-free images capable of seeing through solid objects and mapping large areas. Its technology uses an embedded chip and advanced imaging algorithms to enable sensing in privacy-sensitive locations where optics cannot be used. The sensors are being applied across sectors including smart home, automotive, retail, robotics, medical, construction and agriculture. Vayyar says its mission is to improve health, safety and quality of life worldwide, and that demand from diverse industries requires rapid scaling. Following a $45 million Series C, total capital raised to date is $79 million; the company will use proceeds to expand into new industries, grow its global team and diversify its sensing product offerings. Vayyar also markets a consumer handheld device (Walabot DIY) and planned demonstrations of its latest automotive and smart home sensors at CES 2018. Vayyar builds compact sensors that use radio waves to create 3D images of obstructed objects — from root systems and piping to tissue behind skin. The company works with chip manufacturers to deliver a reference design, tailored antennae and an API so customers can plug the sensor into phones, devices or ground‑installed instruments. Vayyar launched a board for external tinkering to accelerate use‑case discovery and is starting to roll out products more broadly as augmented reality interest grows. Targeted applications mentioned include low‑cost breast‑cancer detection, milk fat measurement during production, irrigation profiling and infrastructure inspection. The startup faces competition from ultrasound, MRI and other chip/sensor makers but positions its tech as lower‑cost and already in use by a number of companies. Financially, the company has raised $22M in the latest venture financing and has raised $34M to date.

  • C2A Security

    Led · Series A · Feb 2019

    C2A Security is an Israeli startup offering an end-to-end cybersecurity platform for vehicles, providing a full suite of solutions to detect and mitigate attacks. The company announced a $6.5 million Series A equity round led by Maniv Mobility and ICV, with participation from OurCrowd’s Labs/02. C2A plans to use the funding to grow its team—particularly R&D—and to support its customer base, though it does not currently disclose customers. The leadership includes founder and CEO Michael Dick, who previously co-founded NDS (acquired by Cisco for around $5 billion in 2012), and CMO Nat Meron, an alumnus of Israel’s Unit 8200. The raise comes amid strong market interest in automotive cybersecurity, which the article cites as potentially exceeding $900 billion by 2026. Headquartered in Israel, the company emphasizes comprehensive protection of a vehicle’s internal systems.

  • Grid4C

    Led · Equity · Nov 2018

    Grid4C delivers AI- and machine-learning-powered SaaS analytics that model individual meters and endpoints using smart meter and IoT data to predict usage and disaggregate appliance behavior. Its platform produces billions of predictions for millions of smart meters every day and is deployed with leading utilities on four continents. Product offerings include Predictive Home Advisor (non-intrusive appliance fault detection and load disaggregation), Predictive Operational Analytics (meter, sub‑meter, and asset-level forecasting for DER coordination), and Predictive Customer Analytics. Grid4C is embedding its algorithms inside smart meters to run at the grid edge where data is more granular and real time. The company is recognized by GTM Research, Greentech Media, and Navigant Research for leadership in utility predictive analytics. Management says the business increases operational planning accuracy, reduces peak demand, increases energy savings, and creates new revenue and customer engagement opportunities.

  • The Freightos Group

    Participated · Series C · Sep 2018

    Freightos operates an online freight marketplace and booking platform that allows users to compare prices and book, manage, and track shipments with more than 1,200 logistics providers. Launched in 2016 as a price comparison service for freight forwarders, the company now processes more than one million instant freight quote requests each month using patent-pending routing and pricing engines. Its database of global shipping rates underpins the Freightos Baltic Index (FBX), developed with the Baltic Exchange, which tracks pricing from 12 major routes and aggregates them into an industry-wide index. Freightos says it plans to keep its online marketplace as the flagship product while building a global digital infrastructure to make the freight industry more efficient and is exploring ways to connect airlines to sell cargo space. The company is partnering with the Singapore Exchange to develop new financial instruments and move FBX reporting from weekly to daily updates. To date Freightos has raised $94.4 million in funding. Freightos offers Freightos Marketplace — described as "booking.com for international shipping" — and AcceleRate, a SaaS product for carriers and freight forwarders to calculate and manage rates. The Marketplace currently operates in China, Hong Kong, Taiwan and the U.S., and the company plans to expand into the rest of Asia and Europe using the new capital. AcceleRate is used by over 1,000 logistics providers and global supply chain companies, including Nippon Express, Hellman Worldwide Logistics and Sysco Foods. Freightos was founded in 2012 and is based in Hong Kong. The company positions GE Ventures as a strategic investor and potential customer that can provide insight into large shippers. Management frames the products as helping freight forwarders automate and prepare for competitive threats such as Amazon expanding logistics services. Freightos builds an online marketplace and pricing/routing engines that aggregate complex international freight quotes and let users filter options by price, time, route, fees, and transport mode. The company offers multi-language and multi-currency support and recently added a sustainability feature to surface lower‑carbon routing choices. Freightos works with over 30 freight forwarders, including Hellmann Worldwide and Nippon Express, and says integrating large partners can take up to a year. Last quarter the platform processed 24,000 automated quotes ranging from hundreds to tens of thousands of dollars. The startup aims to reduce inefficiency and increase pricing transparency across the trillion‑dollar international freight industry. Freightos operates an online freight network that uses big data technology to enable freight forwarders, shippers and carriers to automate freight booking and pricing. Its platform allows freight forwarders to quote instantly for complex routes and provides automated rate management and quoting solutions. The company serves dozens of global freight brokers and major import/export companies. Led by CEO Zvi Schreiber, Freightos focuses on streamlining pricing and booking workflows across international freight. The company intends to use new funding to continue expanding operations. Freightos is based in Hong Kong. Freightos operates an online freight network and a Software-as-a-Service platform that brings realtime quotes and automation to freight forwarders. Its SaaS lets freight forwarders manage rates, automate routing and pricing, and embed customer-facing eCommerce solutions so customers can generate quotes online. The Freightos Network enables vendors to collaborate automatically to provide instant door-to-door quotes, buy routes from other vendors, and automate resale to their own customers. The company positions its product as replacing legacy Excel, PDF and fax workflows to speed quoting from days to real time. Freightos pitches itself as addressing a multi-trillion-dollar freight industry need for greater efficiency and transparency. Financially, Freightos has raised a $4.6 million Series B, bringing total funding to $6.3 million.

Team

  • Willie Woods

    President & Managing Director

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  • Zeena Rao

    Managing Partner

    LinkedIn
  • Jermaine Warren

    Principal

    LinkedIn
  • John Wallace

    Managing Director