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OurCrowd raises $20m in equity crowdfunding for 26 companies
Posted By Viva Sarah Press On September 15, 2013 @ 12:00 am In | No Comments
OurCrowd, Israel’s equity crowdfunding platform for accredited investors, has announced that it raised over $20 million in the aggregate for its 26 portfolio companies.
“With OurCrowd reaching this funding milestone, we have solidly positioned ourselves as a leading player in the growing equity crowdfunding revolution. Our trailblazing platform has enabled accredited angel investors worldwide to invest in promising companies alongside top notch VCs, such as Canaan, JVP, Accel, Index and Khosla Ventures,” said OurCrowd CEO Jon Medved.
Serial entrepreneur Medved leads the crowdfunding venture and reiterates that the platform is for accredited investors only who wish to invest in Israeli and global technology companies.
“What truly sets us apart from other platforms is that we are focused not just on ‘crowdfunding’ but on ‘crowdbuilding’ for our portfolio companies. Funding is just the first level of engagement with the crowd. OurCrowd assigns experienced mentors to work with each of our companies, often taking board seats, and we play an active role in helping our companies grow. We encourage our investors to pitch in by helping the companies, and this has borne fruit with dozens of introductions and strategic connections being made as a result of the crowd’s help,” he said.
Elan Zivotofsky, one of OurCrowd’s General Partners, added: “We are most proud of the fact that we are raising far more than symbolic amounts of capital for our companies. Many view equity crowdfunding as a curiosity or a way to raise small amounts of cash. The fact that we have now completed seven deals in excess of $1 million each via our platform demonstrates that this model works and can be effectively used for significant capital raises.”
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