OurCrowd has revealed that NTT Finance, a subsidiary of NTT Group (Nippon Telegraph and Telephone), will establish NTT Finance Israel LP in partnership with OurCrowd.
According to OurCrowd, NTT Finance will initially commit $15 million for a dedicated investment program. OurCrowd will provide early access to its deal flow pipeline. NTT will use the OurCrowd platform to access deals in areas like AI, IoT, Medical/Healthcare and Autonomous vehicles industries, and more.
OurCrowd CEO Jon Medved said they are delighted to partner with NTT:
“Working closely with NTT, we expect to further strengthen ties between Israel, Japan, and the global tech community.”
NTT Finance President Yoshikiyo Sakai added that this will contribute to business growth for both NTT Group and startups in Israel, “facilitating potential opportunities to launch collaborations between their businesses, through expanding venture investments in IT startups.”
OurCrowd is a leading securities investment platform providing access to promising early-stage firms. OurCrowd reports approximately 40 exits including big names like Lemonade, BeyondMeat, Uber and more. OurCrowd claims approximately 80,000 investors from 195 different countries.
NTT Finance is a full-service financial services firm providing billing, payment services, financing, and credit.