OurCrowd Licensed To Raise Funds In Singapore

August 18, 2016 | Israeli global equity crowdfunding platform OurCrowd has been awarded a full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). With the license, OurCrowd is now able to market its equity crowdfunding platform in Singapore. Receipt of the license is part of OurCrowd’s targeting of Asia as a huge potential market for alternative investment in promising startups. As part of this, last March Singapore’s United Overseas Bank (UOB) invested US$10 million in Jerusalem-based OurCrowd, which invests in startups with differentiated and highly scalable technology products and services. Founded in 2013, OurCrowd has raised over $250 million for investment in almost 100 companies, and has already had eight companies in their portfolio either acquired by a multinational or listed publicly.