OurCrowd Set To Exceed $1B In Crowdfunded Assets In 2018
January 31, 2018 | OurCrowd, a global leader in equity crowdfunding, announced on Wednesday that it has raised $650 million for 145 startups and 12 funds since the company was founded in February 2013. In 2017, the company’s investor base grew to over 25,000 registered investors from 112 countries. The Jerusalem-based venture capital platform opened new offices in London, Hong Kong, and Madrid, bringing its total to 10 offices worldwide. The company predicts it will surpass over $1 billion in assets under management, raised through equity crowdfunding from investors. Jon Medved, CEO of OurCrowd, said in a press release: “Five years ago, getting to $1B in equity crowdfunded assets was but a dream. Now we are focused on how to reinvent ourselves yet again, to innovate new ways that we can democratize and expand access to investments in startups and venture funds.” The company’s primary investor base is still predominantly in the United States. OurCrowd also announced that its Labs/02 seed stage incubator plans to invest in up to 100 early-stage companies over the next 10 years. It will make initial investments in Keepers, a mobile app that provides tools to help parents cope with social media addiction and cyberbullying, and C2A Security, a chip level security and safety platform the next generation of automobiles. The Labs/02 incubator focuses on breakthrough technologies like AI, deep learning, autonomous transportation, and smart cities. The incubator is a partnership among OurCrowd, Motorola Solutions, Reliance Industries, and Yissum, the Technology Transfer company of the Hebrew University of Jerusalem. It will be part of the Israeli incubator program administered by the Israeli Innovation Authority. OurCrowd is set to make these announcements and more at the 2018 OurCrowd Global Investor Summit on February 1 in Jerusalem, the “largest equity crowdfunding event in the world, and the largest investor event in the entire Middle East,” according to the company. OurCrowd is expected to welcome 10,000 attendees from over 90 countries.