Search Results for: crosswise

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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PRESS RELEASE: MBZUAI and OurCrowd Arabia sign MoU to drive funding for AI startups and research

Agreement to establish an artificial intelligence (AI) investment fund and other joint initiatives to catalyze the growth of Abu Dhabi’s AI technology ecosystem For high resolution images, click here. Abu Dhabi, United Arab Emirates, 9 May 2023: Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and OurCrowd Arabia, the Abu Dhabi based subsidiary of Israel’s OurCrowd, announced the signing of a Memorandum of Understanding (MoU) to jointly create and manage several initiatives aiming to accelerate and catalyze the growth of the AI technology ecosystem on the university’s campus in Masdar City, Abu Dhabi. The MoU outlines various initiatives including: Creating an AI-focused venture capital investment fund with the aim of attracting both local and global AI technology companies to scale up globally from Abu Dhabi.Developing a strategic collaboration between MBZUAI and Integrated Data Intelligence (IDI) Limited, OurCrowd’s AI subsidiary in Abu Dhabi, on research projects in applied AI technologies across industries.Enhancing Abu Dhabi’s AI innovation ecosystem via strategic partnerships with key government and government-related entities.Providing internship and job opportunities to MBZUAI graduates through OurCrowd’s vast global network...

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PRESS RELEASE: Uruguay and Israel’s OurCrowd Agree to Advance Tech Ties Between LATAM and Israel

Partnership within the framework of the “Uruguay Innovation Hub” ProgramPlan together to establish Uruguay based Incubator for early stage companies March 26, 2023 – JERUSALEM, Israel — The Ministry of Industry, Energy and Mining of Uruguay (MIEM) and OurCrowd, Israel’s most active venture investor and a leading operator of Israeli and global incubators are pleased to announce the signing of a memorandum of understanding (MOU) to collaborate in the potential establishment of a Technology Incubator in Uruguay within the framework of the Uruguay Innovation HUB Program (UIH). The MOU was signed on Sunday, March 26th, at OurCrowd’s offices in Jerusalem with OurCrowd CEO, Jon Medved, OurCrowd Partner and Head of Incubators, Ori Sobovitz, and Uruguay’s Minister of Industry, Energy and Mining, Omar Paganini. The Uruguay Innovation Hub, seeks to strengthen the country’s position as a technological hub for innovation and entrepreneurship, with the aim of promoting it as a nucleus for the development of new businesses for the region and the world. “The vocation of our country is to become a hub at the Latin American level,” said Uruguayan President, Mr....

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PRESS RELEASE: OurCrowd Global Investor Summit to address new challenges facing high-tech startups

Middle East’s largest investor event reconvenes in Jerusalem on Feb. 15th for the first time since 2020 Sessions will address climate change, food and water insecurity, health access, pollution, tangled supply-chains, online security­ and other urgent issues facing the global community Global array of speakers include Israeli President Isaac Herzog, WHO Foundation CEO Anil Soni, Fauda star Lior Raz, Softbank Israel lead Yossi Cohen, US Ambassador Thomas Nides Pavilion sponsored by MENA region; delegations and speakers from Middle East and North Africa highlight business opportunities following Abraham Accords February 7, 2023 – Jerusalem – The OurCrowd Global Investor Summit, the largest investor event in the Middle East, returns to Jerusalem on February 15, 2023, with more than 6,000 in-person participants expected from over 70 countries around the world, including delegations from Asia, Latin America, Australia, Europe, the US, the Middle East and North Africa. The Summit celebrates 10 years since the founding of OurCrowd and securing more than $2.1B  in investment commitments. The OurCrowd portfolio saw its 61st exit in January, with more expected imminently.  Summit speakers announced so...

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PRESS RELEASE: OurCrowd expands Abu Dhabi investment operations and launches global AI hub, in partnership with ADIO’s Innovation Programme

Abu Dhabi Investment Office (ADIO) supporting OurCrowd to launch Integrated Data Intelligence Ltd (IDI), a technical excellence hub in Abu Dhabi to commercialise Artificial Intelligence (AI) for businessExpanded OurCrowd Arabia operations will manage emerging market deals for existing Abu Dhabi platformOurCrowd investing USD 60 million into Abu Dhabi operationsADIO’s Innovation Programme providing financial and non-financial incentives to accelerate growth OurCrowd’s Abu Dhabi team to expand to approximately 60 over four years to be based at Abu Dhabi Global Market (ADGM) Abu Dhabi, UAE – 16 November 2022: OurCrowd, Israel’s most active venture firm, is to significantly expand its Abu Dhabi operations with a new venture capital (VC) office and Artificial Intelligence (AI) tech hub enabled by the Abu Dhabi Investment Office (ADIO). The two new initiatives, which were announced during Abu Dhabi Finance Week, will see OurCrowd expand its team based at Abu Dhabi Global Market (ADGM) to 60 over the next four years, as part of a USD 60 million investment by the company in the emirate.   OurCrowd and ADIO are collaborating to launch Integrated Data Intelligence Ltd...

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