Anti-bacterial material developer Sure raises $5m

Wanaka Capital Partners and C. Mer Industries invested in the company.

7 May 08 13:23, Gali Weinreb

Anti-bacterial material developer Sure International Ltd. has raised $5 million from Wanaka Capital Partners and C. Mer Industries Ltd. (TASE: CMER). The Rehovot-based company products target the healthcare, food, environmental, and industrial markets.

Sure's anti-bacterial and anti-fungal materials can be integrated into plastics, preventing the reproduction of bacteria and fungi spores. The company was founded by Dr. Uriel (Uri) Halavee and Dr. Shmuel Bukshpan.

Wanaka Capital Partners calls itself a "mid-tech" investment fund that invests in innovative companies with technologies slated for current markets, not new ones. The fund manages $50 million, and has made five investments to date. C. Mer, which has invested in Sure before; it is C. Mer's only investment outside its core business of telecommunications services.

Published by Globes [online], Israel business news - www.globes-online.com - on May 7, 2008

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