OurCrowd’s OC50 Available in New Vehicle for Accredited Investors in Canada

OurCrowd, one of the top investment crowdfunding platforms in the world, has launched a new vehicle for Canadian accredited investors to access its OC50 fund.

OurCrowd’s OC50 was created as a diversified fund to allow more investors access to highly-vetted startups across a variety of sectors, stages, and geographies, including Healthech, AI, Robotics, and more from their portfolio of issuers.

OurCrowd reports that their first three series of the OC50 Fund, investors have benefited from firms entering the public equity markets like Beyond Meat and insurance provider Lemonade – both completed very successful IPOs.

The original OC50 Series I Fund launched in 2017 with six companies in the fund completing exits, generating on average 2.3 times gross return on invested capital as of the end of Q3 2020.

The new “feeder vehicle” for Canadian investors is RRSP/TFSA-eligible and will be available to individual investors in Canada with low minimum contributions and the ability to invest from a registered savings accounts.

“OurCrowd is democratizing access to the critical venture capital asset class. The kind of investments that used to be reserved exclusively for billionaires and well connected financial institutions, are now available to all accredited Canadian investors through the OC 50 Fund,” says OurCrowd Vice President, Investor Relations, David Shore. “Additionally, because we want Canadians to be able to maximize the full long-term value of this investment, we have structured the Fund to ensure it is RRSP and TFSA eligible.”

Jon Medved, OurCrowd CEO, said they are changing the VC game by creating a product that will significanlty improve access for Canadian investors.

“For the first time, individual accredited investors can invest small amounts in a private venture fund that counted as two of its recent investments among the top performing IPO’s of 2019 and 2020, Beyond Meat and Lemonade.”

 


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