In just a relatively short amount of time, Israel-based equity crowdfunding platform OurCrowd, www.ourcrowd.com, has asserted itself as a major player in providing startups with financial assistance to get companies off the ground.
Its good fortune continues as OurCrowd put the wraps on a $25 million Series B funding round, making it the largest investment round for a platform in that sector to date. According to officials, the investment will grow the company’s activities in Israel and around the world, as well as establish general partner funding participation for each deal on its Website. “This new fuel will allow the management team to continue to execute the business plan and bring a wide group of new investors to the exciting tech startup scene worldwide,” explains Geoff Levy, former CEO and chairman of Investec Bank Australia, www.investec.com.au, and member of OurCrowd’s Advisory Board.
Since starting up a little more than a year ago, OurCrowd has raised $43 million for its 36 portfolio companies from investors in 26 different countries. The company continues to make its mark globally with four of its last 10 deals involving organizations outside of Israel. At this point, 18 portfolio companies have raised more than $1 million each using OurCrowd’s platform.
OurCrowd is headed up by several investment professionals, led by entrepreneur Jon Medved, who has invested in more than 130 Israeli start-ups, was founder and CEO of Vringo, www.vringoip.com, and co-founded the Israel Seed Partners, www.israelseed.com, venture capital fund.
What separates OurCrowd from crowdfunding campaigns like Kickstarter, www.kickstarter.com, is in its ability to allow investors to receive equity in the companies they put their money behind according to the company. OurCrowd investors must comply with certain accreditation criteria and invest a minimum of $10,000 per deal. Once that has been done, OurCrowd supplies post investment support to its portfolio companies, places industry experts into mentoring roles, and takes board seats.
Terms of the deal and the names of those involved in it were not disclosed.