Let-Lab

About

Portfolio · 3

Phononia

Predictive Maintenance and Analytics Solution for Control Valves

1 round $624K committed Latest: 2021-03

RANETIC

Heavy-duty Gas Flow Meters

Led ★ 1 round $312K committed Latest: 2021-02

eXturn

Integrated IIoT Sensors for High-pressure Piping Systems

1 round $312K committed Latest: 2020-06

Investment activity

Q&A

What is Let-Lab's primary focus as an innovation lab?

Let-Lab is an Industry 4.0 Innovation lab under UCT (Ultra Clean Technologies) that focuses on fostering a startup ecosystem to empower industrial innovators.

What kind of program does Let-Lab offer to Israeli startups?

Let-Lab offers Israeli startups a rigorous 12-month program designed to fast-track their growth and launch new ventures, including opportunities to interact with domain experts and implement pilots at UCT.

What is the initial funding provided to startups selected into Let-Lab?

Startups selected into Let-Lab receive initial funding of 1 million NIS.

Which investment stages does Let-Lab typically focus on?

Let-Lab focuses on Seed and Pre-Seed investment stages.

What is the typical investment range for Let-Lab?

Let-Lab's investment range is between $312K and $624K.

Can you name a notable company in Let-Lab's portfolio and its focus?

One notable company in Let-Lab's portfolio is Phononia, which develops a Predictive Maintenance and Analytics Solution for Control Valves. Another is Qsee, which focuses on Automating Quality Predictive Analytics.

What sectors does Let-Lab primarily invest in?

Let-Lab shows a concentration in Industrial Technologies, with 4 out of 6 portfolio companies in this sector. They also have investments in Business Software.

Who is a key team member at Let-Lab?

Agmon David Porat is a Co-founder & CEO at Let-Lab.