OurCrowd, a global equity crowdfunding platform, has opened an office in Singapore, its seventh worldwide, to serve the community of Asian investors interested in funding early stage high-growth companies.
The company has also appointed Denes Ban, an entrepreneur and technology executive, as Managing Partner Asia and head of OurCrowd’s Singapore Management company.
The move follows OurCrowd’s announcement earlier this year that it has partnered with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region. The company also received a formal license to begin operating in Singapore from the Monetary Authority of Singapore in August 2016.
Led by CEO Jon Medved, OurCrowd operates a “crowd” of 16,000 accredited investors who have invested over US$320m in its portfolio of 100 companies and five funds, which span major investment sectors including Mobility and Transportation, Machine Learning, Cybersecurity, Digital Health, Agtech, Big Data, and Robotics.
It has already exited nine companies to date including two IPOs and seven acquisitions.