Global Equity Crowdfunding Platform OurCrowd States Over $60 Million has been raised for 46 Companies in Just 16 Months.
OurCrowd, a leading equity crowdfunding platform for accredited investors, announced today that it has successfully raised $60 million in the aggregate to date over its platform for its 46 portfolio companies. This is a substantial achievement for a young company that is less than 2 years old. Twenty of these companies have already raised more than $1 million each in investments, and four companies have raised over $3 million through the OurCrowd platform. OurCrowd, based in Israel, has taken a global approach to equity crowdfunding featuring highly curated offerings on their platform. The portal has taken a hybrid VC – equity crowdfunding approach investing in the companies that list on their platform. OurCrowd investors meet stringent accreditation criteria and invest a minimum of $10,000 per deal.
OurCrowd founder and CEO Jon Medved commented on the announcement;
“We are proud to have raised these amounts in just 16 months since launching. These numbers demonstrate that our model works and can be effectively used for major funding rounds. The fact that OurCrowd has deployed more money for our companies than our Silicon Valley competitors proves that we are indeed at the forefront of equity crowdfunding innovation.”
Larry Jasinski, CEO of OurCrowd’s portfolio company ReWalk Robotics, which recently filed for its IPO, said;
“OurCrowd did their diligence thoroughly, effectively and quickly which was appreciated and valuable for an operating company. Their team has a combination of deep experience, meaningful skills and enthusiasm for their mission. They also have provided key contacts in the US and in new areas for us such as Australia.”
The company has emerged as a leader in the increasingly competitive equity crowdfunding space. Earlier this year, OurCrowd announced the closing of a $25 million Series B funding round.