Yesterday, OurCrowd announced the closing of $72 million series C funding round. The announcement generated a lot of buzz and news coverage across various media outlets.
We wanted to share some of the results and compiled several of the top news stories for you.
Check out our media coverage highlights below:
“With $36 million earmarked for OurCrowd’s operations, it’s the largest pure equity investment in a crowdfunding company, according to Crowdnetic, a New York-based research firm.”
“What’s interesting about OurCrowd — which is based out of Israel — is that helps startups tap into certain sources of funding more directly than they might have done in the past: while a family office might have been an LP at a venture capital fund that backed a startup, now that family office might choose to engage more immediately via OurCrowd’s platform.”
Wall Street Journal
OurCrowd Raises $72M for Crowdfunding Gambit (PDF version)
“Equity crowdfunding platform OurCrowd has raised a $72 million Series C round, much of it backed by investors from Asia, according to Chief Executive Jon Medved. The investment in OurCrowd is another example of Asia-based interest in startup investing globally.”
“Launched in 2013, OurCrowd’s investments in 100 companies and funds exceed $300 million.”
“Jerusalem-based OurCrowd has to date invested in 100 portfolio companies and funds on its platform. Total investment in companies and funds now exceeds $300 million. OurCrowd has had nine exits to date from its portfolio investments: two IPO’s and seven acquisitions. These include ReWalk (IPO: Nasdaq), Crosswise (bought by Oracle), Replay Technologies (bought by Intel), and NextPeer (bought by Viber).”
Deal Street Asia
“According to reports, half of this funding will finance the expansion of its seven global offices, while the rest will be distributed amongst its 100 portfolio firms which are reported to have raised equity financing in excess of $300 million. Currently, OurCrowd claims to have raised $300 million on its platform, having funded 98 companies, vetted 5,273 firms and amassed an investor pool of 14,189 accredited investors.”
Times of Israel
“OurCrowd is sector agnostic, and looks at investments in all areas, Medved said. “But we are very excited about continued investment in medical technology and devices, cyber security, machine and deep learning; and we are making a big commitment to agriculture technology.” ”
“Noting that the bank’s latest funds injection underscored its support for startups and small businesses, UOB’s head of group channels and digitisation, Janet Young, said: “We look forward to working closely with OurCrowd to further develop their platform to support the startup ecosystem both in Singapore and the broader Asian market.” ”
“OurCrowd believes that the new capital “will power the next US$1 billion” to be invested on the platform”
“It’s a big deal, but especially because we’re a crowdfunding company and this is the largest round anyone has raised,” Founder and CEO Jon Medved told Geektime.