OurCrowd made waves recently after announcing that the Israeli equity crowdfunding platform has driven over $23 million in funding for 28 companies to date. CEO Jon Medved claims that this makes OurCrowd the “world’s largest crowdfunding-for-equity site.”
Now OurCrowd has announced a strategic co-investment partnership with GE Ventures, the venture capital arm of GE.
At GE Ventures, we combine capital, technical and commercial expertise, infrastructure, and the GE global network of businesses and partners to scale great ideas that drive growth for partners and GE. Our goal is to become the global partner of choice, to make the world work better, to build, power, move and cure.
Under the agreement, GE Ventures will have the right to co-invest in early-stage ventures with OurCrowd. Of course, it adds to the allure of listing on OurCrowd’s growing equity platform as well, and should help the emergent company find deal flow of increasing quality in the future.
We are thrilled to partner with GE Ventures on co-investments via our equity crowdfunding platform. GE brings unequalled expertise and experience in a broad range of technologies and businesses that will add real value to our portfolio companies and to our investor community. To partner with a company of GE’s size and stature will allow OurCrowd to help break new ground in innovation finance.Jon Medved, OurCrowd CEO
GE Venture’s CEO Sue Siegel said, “OurCrowd has created a unique platform for dynamic early stage origination and funding. They offer a quality investment environment and the partnership will give GE increased access to early innovation.”