Israel Cleantech Ventures, Israel's first renewable energy-focused venture capital fund, announced favorable progress on its way to raise a goal sum of $100 million. According to the fund's February filing, it is now more than halfway there. Established in 2006, ICV has made it its goal to "back Israel's emerging clean technology companies." According to its mission statement, the fund is "dedicated to providing value added growth capital to exceptional entrepreneurs building Israel's energy, water and environmental technology leaders." Israel is considered a leader in clean-tech and water-tech innovations, and was recently named one of the top-three nations worldwide that provide the best conditions for clean technology startup companies, by the CleanTech Group stated. Israel Cleantech Ventures says it has helped many of those startups along the way. Israel's water-tech industry is comprised of over 250 companies in the field, offering innovations in, water recycling, monitoring, reclamation and security. According to Green Prophet, Israel reuses 75% of its waste water. Follow Ynetnews on Facebook and Twitter