Israeli-based crowdfunding company OurCrowd has opened an office in Singapore, its seventh office worldwide, to fund Asian startups and engage with Asian investors funding early stage and high-growth companies.

Denes Ban, a successful entrepreneur and technology executive, has been appointed Managing Partner Asia and head of OurCrowd’s Singapore operation.

Having recently closed on $72 million to back startups and expand its crowdfunding platform, OurCrowd has already made its first investment in the region, in Zoomcar, a car rental company in India. Co-investors were Ford Motor and Sequoia Capital India.

Read more on Forbes here.