OurCrowd, a Jerusalem, Israel-based venture platform, received a $25m convertible equity investment from SoftBank Vision Fund 2.
The firm intends to use the funds for expansion of its platform, building its investor base and accelerating the identification of high-potential, tech-enabled private companies.
Under the agreement, OurCrowd will also enter into a strategic partnership with SoftBank Investment Advisers (SBIA – Sub-Adviser to SoftBank Vision Fund 2), to consider investment opportunities via OurCrowd’s online venture capital investment platform. The parties will also work with each other to evaluate market trends in a broad variety of sectors including Artificial Intelligence, Quantum Computing, Mobility, Agtech, Cybersecurity, Healthtech and more. The collaboration will also see OurCrowd and SBIA support geographic expansion across their respective ecosystems.
Founded by CEO Jon Medved in 2013, OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies before they go public. The firm vets and selects companies across all sectors and stages, invests its own capital, and provides its global platform of over 140,000 registered members from 195 countries with access to co-invest from as little as $10,000 in the companies and funds of their choice.
The firm has invested in over 280 companies and 30 funds. 50 portfolio companies have achieved exits including Lemonade, Beyond Meat, Uber (Jump), Kenna, Argus, Wave, and many more.