Tagged: israel

Stifel Takes Minority Stake in Global Crowdfunding Platform OurCrowd, Plans Strategic Partnership

Stifel Financial Corp. (NYSE: SF) has taken a minority stake in global crowdfunding platform OurCrowd. Details on the investment were not provided. The Israel based investment marketplace is the largest of its kind in the world having received over $1.28 billion of investment commitments while… Read More

Fintech Pagaya Closes on ABS $200 Million, Tops $500 Million in Total Issuance: “Pagaya Pulse” Uses AI to Deliver Returns

Pagaya has closed on a $200 million consumer credit asset-backed security (ABS) fully-managed by its AI. This transaction is Pagaya’s largest to-date and the fourth this year, bringing the Fintech’s issuance to $515 million in the first nine months of 2019, according to a note… Read More

Insurtech Air Doctor Receives $3.1 Million in Seed Funding

Air Doctor, an Insurtech for travelers to find local doctors, has raised $3.1 million in seed funding, according to a company release. Air Doctor states that insurance companies will no longer need to collect receipts and reimburse patients with their cash-free service. “By focusing on… Read More

OurCrowd Backed “New Space” Company NSLComm Signs Multi-Million Dollar Contract

OurCrowd backed “new space” company NSLComm has signed a multi-million dollar contract with a “large multinational entity.” NSLComm has developed an “expandable” nano-satellite solution as a solution to the global demand for increased connectivity. NSLComm’s solution is said to represent one of the largest leaps… Read More

OurCrowd Partners with Finistere, Tnuva & Tempo to Launch Fresh Start Foodtech Incubator

OurCrowd, Israel’s most active venture investor and leading global crowdfunding platform, has partnered with Finistere, Tnuva and Tempo to launch a NIS 1 billion (~ USD $ 283 million) Foodtech incubator in Israel.  “Fresh Start” was officially launched at an event this week. OurCrowd announced… Read More

The Largest Equity Crowdfunding Event in the World: OurCrowd Plans Global Investor Summit

Leading global crowdfunding platform OurCrowd has had a stellar year. Multiple portfolio companies have IPOed’ or been acquired providing positive outcomes for platform investors. As Crowdfund Insider reported earlier this year, OurCrowd has topped USD $ 1 billion in committed capital making perhaps making it… Read More

OurCrowd Invests in Cartica AI Series B Funding Round

Cartica AI, a leading Israeli autonomous AI mobility startup, has closed on a Series B funding round for an undisclosed amount. Investors included leading investment crowdfunding platform OurCrowd alongside BMW i Ventures, Continental, and Toyota AI Ventures. Cartica expects to use the funds to launch… Read More

Goren Holm Ventures Backs Innovesta as Part of $2.7 Million Funding Round

Innovesta, a women led startup that provides a decision-making platform for the benefit of both accredited and non-accredited investors, has raised $2.7 million in a funding round with participation from investors in both Israel and the USA. Draper Venture Network Member Goren Holm Ventures (GHV)… Read More

Colu Gives ICO Money Back: Apparently, Companies Can Do the Right Thing Without a Regulator Telling Them What to Do

Colu Group Offers to Buy Back ALL Tokens Issued in ICO The key role and responsibility of financial regulators is to identify and correct market deficiencies that have an adverse effect on investors and end-clients. For this reason, regulators are especially sensitive to corporate conduct… Read More

Israel Capital Markets Authority Expected to Expedite Fintech Licenses to Boost Innovation

According to a report, the Capital Markets, Insurance and Savings Authority of Israel is seeking to expedite the approval of Fintech licenses including blockchain-focused firms. Calcalist reports that the Authority is “working quickly to arrange licenses for Fintech companies” as it aims to boost innovation… Read More

Colu Group Offers to Buy Back ALL Tokens Issued in ICO, Does Not Use Blockchain Tech for Current Projects

This is something you do not see that often – a company offering to buy back all of the tokens (CLN) issued in an initial coin offering. Colu DLT, a subsidiary of Colu Group based in Gibraltar, has issued a release stating it will “voluntarily… Read More

OurCrowd Portfolio Company Beyond Meat Reports Net Loss of $9.4 Million, Valuation Stands at $13 Billion

Beyond Meat (NASDAQ:BYND), a company that has had beyond fantasy run following its initial public offering earlier this year, reported Q2 earnings today. According to the company, operations generated revenues of $67.3 million, an increase of 287%, and a net loss of $9.4 million or… Read More

Fintech Lending Express Rebrands as Become

Lending Express has changed its name to Become. In a blog post, the Fintech said the rebranding was made to represent a shift as the company wants to “become bigger and better — to become more.” Lending Express’s primary goal has been to help business… Read More

OurCrowd Provides Perspective on Portfolio Performance: 35 Exits Since 2013

Securities crowdfunding has been touted as the future of capital formation on this site and the pages of many other newspapers. The traditional venture capital industry has effectively fueled innovative young firms for decades but, too frequently, smaller investors are being cut out of the… Read More

“Solidarity Trip” Results in Closer Fintech Ties Between Israel and State of New York

Following a recent trip to Israel by New York State Governor Andrew Cuomo, a broad group of economic partnership agreements has been forged between the state and Israel. Included in the development partnerships is Fintech. Governor Cuomo issued a statement saying “New York is open… Read More

Israeli Police Arrest Brothers Accused of Executing Billion Dollar Bitfinex Crypto Platform Hack

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

OurCrowd Portfolio Company Zebra Med Receives New FDA Clearance

OurCrowd portfolio company Zebra Medical Vision has received its third FDA clearance for its HealthICH product which is an AI alert for intracranial hemorrhage (ICH), based on head CT scans. The process is said to be the first of its kind. The Zebra Med solution… Read More

OurCrowd and Partners Win Tender to Operate Israeli Foodtech Incubator

Following the outsized success of BeyondMeat’s (NASDAQ:BYND) initial public offering, OurCrowd and its partners have received government approval to operate Israel’s Foodtech incubator. OurCrowd, along with Finistere Ventures, a global agrifood investment leader, Tnuva, Israel’s food manufacturer, and Tempo Beverages, the leading Israeli beverage company,… Read More

Report: Insurtech Lemonade Queues Up Initial Public Offering at $2 Billion Valuation

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More

Why You Shouldn’t Leave a Key Under Your Crypto Doormat: The ERC-1400 Double Standard

Just because you live in a safe neighborhood, do you leave your house unlocked? Do you leave the key under the doormat? Does that sound safe? Then why would you leave your digital assets in a vulnerable account where a company could just walk in… Read More

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