OurCrowd, an Israel-based global equity crowdfunding platform, closed a $25m Series B funding round.
Terms of the investment and the list of participants in the round were not disclosed. Geoff Levy, the former CEO and Chairman of Investec Bank Australia and member of OurCrowd’s Advisory Board, is an investor in the current round, along with Andrew Heyer, Mistral Equity Partners CEO.
The company intends to use to further expand the activities in Israel and worldwide.
Led by CEO Jon Medved, OurCrowd is a hybrid VC-equity crowdfunding platform for accredited investors only who wish to invest in Israeli and global early stage companies. It selects opportunities, invests its own capital and brings these startups to its accredited membership.
Members choose those deals they invest in via OurCrowd-managed partnerships.
Investors must meet stringent accreditation criteria and invest a minimum of $10,000 per deal.
Launched in February 2013, the platform has a global community of 4,000 accredited investors and 36 portfolio company teams, which have raised $43m.
06/02/2013: OurCrowd Closes $5.5M Series A Funding