Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group that promotes innovation development processes and plans, and OurCrowd, an equity crowdfunding and a venture capital platform, signed a Memorandum of Understanding with the aim to promote startup access to international capital markets.
As an institutional partner, Intesa will provide tailored access for its corporate and SME clients into OurCrowd’s hightech portfolio, leveraging synergies with potential to deliver faster go-to-market traction.
The alliance aims to catalyze innovation in multiple technologies and industrial sectors and targets opportunities for the bank’s network of startups, SME’s and corporate clients to actively access one of the world’s largest equity crowdfunding platforms, which has raised over USD 700 million from over 25,000 investors across all over the world for over 150 early stage companies.
Led by Jon Medved, CEO, OurCrowd is a global equity crowdfunding platform for accredited investors. It vets and selects opportunities, invests its own capital, and brings companies to its almost 25,000 accredited investors from over 150 countries.
OurCrowd provides post-investment support to its portfolio companies, assigns industry experts as mentors, and takes board seats. OurCrowd has raised over $700M and invested in 150 portfolio companies and funds.