United Overseas Bank Limited (UOB) today announced Asia’s first strategic partnership with OurCrowd’s global equity crowdfunding platform.
The collaboration will see UOB making a $10 million investment in OurCrowd. And the accredited investors among UOB’s clients will now have an opportunity to broaden their investments into OurCrowd’s portfolio companies.
“UOB has partnered with OurCrowd, to connect smart ideas with smart money,” said Janet Young, Head of Group Channels and Digitalization, UOB.
“The UOB OurCrowd partnership represents a huge step forward for OurCrowd and the Asian tech ecosystem. Together, we will empower scores of new entrepreneurs and match them with global investors and mentor networks. The beauty of crowdfunding OurCrowd style is that the investor in Asia can now access quality deal flow in Israel, Silicon Valley, and beyond, while a Singapore entrepreneur can easily gain top notch global backing,” said OurCrowd Founder and CEO Jon Medved.
Meanwhile, cybersecurity startup enSilo, the leading provider of a real-time data protection platform focusing on preventing data tampering and exfiltration, has announced the closing of a $9 million second tranche of its Series A financing. The funding was led by Rembrandt Venture Partners with previous investors Carmel Ventures and Lightspeed Venture Partners participating.
enSilo has raised $21 million in total funding.
“Our fundraising success in this challenging market is driven by the recognition of the serious shortcomings of next-generation firewalls and AV products that kill network and computer performance and fail to prevent threat actors from entering in the first place,” said Roy Katmor, CEO of enSilo. “Other vendors focus on pointing at the potential infiltrator and require OPEX-rich learning periods, complex behavioral analysis or content awareness. enSilo’s platform provides immediate and preemptive prevention against the targeted attack consequences, allowing business as usual – even if they are already inside.”
And Medasense Biometrics, developer of a pain monitoring technology, has announced the closing of an $8 million Series B financing round. The financing was led by Benslie International, and joined by existing investors and a strategic investor – a leading global medical technology corporation.
“Despite the prevalence of pain, there are currently no clinically accepted tools to objectively assess pain. Objective and accurate pain assessment can support clinicians to optimize and personalize pain management, helping improve patient outcomes at hospitals, clinics, and at home,” said Galit Zuckerman, Medasense’s CEO and founder.
Medasense will use the new funding to accelerate commercialization of its pain monitoring system for operating rooms and critical care.
Meanwhile, Israeli investment network iAngels announced that it has raised $14 million. iAngels offers accredited investors from around the globe to co-invest with prominent angel investors in Israeli startup companies and gain exclusive access to early-stage technology companies. The recent round was led by Alex Waislitz of Thorney Investment Group.
“Spurred by our success in Israel, our global network of angel investors continues to grow, enjoying exclusive access to innovative startups through our unique model of trusted partnerships, data analytics, and due diligence. This funding will allow us to continue dedicating significant resources to sourcing and evaluating the most promising deals and further develop the platform experience for our investor community,” co-founder Mor Assia told Globes.
Finally, AppCard, an innovative marketing and loyalty platform, announced that it has raised $20 million in Series B funding. Alexander Rittweger, founder of Loyalty Partner, and PLDT Capital, the investment arm of Philippine Long Distance Telephone Company, led the round. Existing investors: Founders Fund (Peter Thiel), Innovation Endeavors (Eric Schmidt), and Jerry Yang also participated.
“We’re fortunate to be able to add strategic investors with deep loyalty and marketing experience,” said Yair Goldfinger, AppCard co-founder and chief executive. “AppCard continues to deliver on its vision to empower retailers to make data driven marketing decisions based on customers’ buying behaviors.”
Goldfinger is best known as co-founder of ICQ (an instant messaging pioneer acquired by AOL) and Dotomi (a personalized online-advertising platform acquired by ValueClick).