OurCrowd is not only a platform for single investments but a diverse range of funds thus providing investors with immediate portfolio diversification. Two of these funds in which OurCrowd is participating have revealed exits that should be beneficial to investors.
OurCrowd points to an article in the Jerusalem Post that points to Epsagon, which was acquired by Cisco and Otonomo Technologies that is part of a SPAC deal with shares expected to commence trading on the Nasdaq next week.
Both are Israel-based tech firms. Epsagon provides a service to visualize service architecture and Otonomo processes big data for 40 million cars every day.
Otonomo was part of the Maniv Mobility Fund and Epsagon is part of a Silicon Valley fund USVP – a fund that OurCrowd has backed. Manive Mobility focuses on autonomous, on-demand, electric mobility and connected cars. USVP is a series of funds that focusing on early-stage opportunities in IT and Healthcare.
Epsagon was reportedly acquired for around $500 million while Otonomo will go public in a deal worth around $1.26 billion.