PRESS RELEASE: OurCrowd Announces First Close of Israel Resilience Fund, with 8 Initial Investments, to Support Israel’s Tech Sector at Time of Crisis
– Fund reaches over $13M in capital commitment– 8 companies slated to receive investments this month December 20, 2023 – JERUSALEM – OurCrowd, a leading global digital investment platform, today announced the first close of its $50M Israel Resilience Fund, with more than $13M in capital commitments, and approved the first 8 investments from the fund. OurCrowd will waive all management fees and carried interest as a contribution to Israel’s current wartime emergency. The fund, which was first announced just 40 days ago, becomes one of the fastest-closing venture funds ever to go from conception to closure and 8 actual investments, according to OurCrowd. The Israel Resilience Fund aims to focus on 50+ startups directly affected by the crisis, or developing critical solutions related to the security situation, including environmental impact, emergency medicine, food security, cybersecurity, media monitoring, reconstruction, and other verticals. The fund has an Advisory Board of global tech and investment leaders. Numerous companies have applied to the fund. Eight were selected to receive investments this month. Half of the companies selected in this first round are...
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