Israel’s OurCrowd Completes $20M in Equity Crowdfunding for 26 Companies

our crowd logoOurCrowd, Israel’s equity crowdfunding platform for accredited investors, announced today that it has successfully raised over $20M in the aggregate for its 26 portfolio companies.

OurCrowd CEO Jon Medved said, “With OurCrowd reaching this funding milestone, we have solidly positioned ourselves as a leading player in the growing equity crowdfunding revolution. Our trailblazing platform has enabled accredited angel investors worldwide to invest in promising companies alongside top notch VCs, such as Canaan, JVP, Accel, Index and Khosla Ventures.”

Medved explained, “What truly sets us apart from other platforms is that we are focused not just on ‘crowdfunding’ but on ‘crowdbuilding’ for our portfolio companies. Funding is just the first level of engagement with the crowd. OurCrowd assigns experienced mentors to work with each of our companies, often taking board seats, and we play an active role in helping our companies grow. We encourage our investors to pitch in by helping the companies, and this has borne fruit with dozens of introductions and strategic connections being made as a result of the crowd’s help.”

Watch interview  OurCrowd CEO Jon Medved    https://crowdfundbeat.com/video/?p=4107

Elan Zivotofsky, one of OurCrowd’s General Partners, stated, “We are most proud of the fact that we are raising far more than symbolic amounts of capital for our companies. Many view equity crowdfunding as a curiosity or a way to raise small amounts of cash. The fact that we have now completed seven deals in excess of $1M each via our platform demonstrates that this model works and can be effectively used for significant capital raises.”

OurCrowd has already launched 5 follow-on funding rounds for various portfolio companies, to provide these companies with additional capital to expand their operations. Medved added, “We are delighted to see not only that we can raise significant amounts of initial funding on our platform, but also that our investors are starting to re-invest in our deals. Most of these follow-on rounds are led by external investors at a significant increase to our initial investment valuation round even though our initial funding closed only months ago.”

About OurCrowd
OurCrowd is an equity crowdfunding platform for accredited investors only who wish to invest in Israeli and global technology companies. Managed by a team of well-known investment professionals and led by serial entrepreneur Jon Medved, OurCrowd selects opportunities, invests its own capital and enables accredited investors to invest in these startups. Accredited investors can choose the deals they want, and then invest via OurCrowd-managed special purpose partnerships. OurCrowd investors must meet stringent accreditation criteria and invest a minimum of $10,000 per deal. OurCrowd provides post-investment support to its portfolio companies, including assigning industry experts as mentors and taking board seats.

Source: BusinessWire

Link: http://www.businesswire.com/news/home/20130910005158/en/Israel%E2%80%99s-OurCrowd-Completes-20M-Equity-Crowdfunding-26

Tags: , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

CryptoCoinsNewsCrowdfunding Giant Indiegogo Looks to Make ICOs Mainstream ...CryptoCoinsNewsOne of the world's most popular crowdfunding platforms is getting in on the ICO game. Josiah Wilmoth on 14/12/2017. ------------------Advertisement------------------. Advertisement · Reddi [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

Crowdfunding via Customers: Is This The New Startup Capital?Customer ThinkWith more and more companies in a variety of sectors developing new crowdfunding campaigns, it makes sense to ask whether crowdfunding is likely to replace startup capital in the near future. Crowdfunding is qui [...]

VentureBeatAtaribox hits the pause button on its crowdfunding campaignVentureBeatAtari was supposed to start taking preorders along with launching its crowdfunding campaign on Indiegogo today for its new Ataribox console. However, it seems to have hit an unspecified snag and in an ema [...]

Coindesk (press release) (blog)Crowdfunding Giant Indiegogo Opens to ICOs - CoinDeskCoindesk (press release) (blog)The startup revealed today that, through an existing partnership with MicroVentures, it will begin offering services to projects seek to use the blockchain funding model. [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |