PwC Partners With OurCrowd To Support Israeli Startups In Wartime

PwC Israel is partnering with OurCrowd, Israel’s largest online investment platform, to support local startups that are part of OurCrowd’s Israel Resilience Fund, providing business development, mentorship programs, connections to finance executives and even helping in fundraising efforts. 

The fund was created by OurCrowd in December to support local startups during the country’s ongoing war with Hamas in Gaza. The fund aims to raise $50 million, which will be invested in at least 50 Israeli companies.

Recently OurCrowd has increased the number of approved startups from eight to 34, including half that are outside OurCrowd’s existing portfolio. 

PwC Israel, the local branch of the global accounting giant, provides support to businesses operating both domestically and internationally, offering financial, tax and advisory services. 

“Amidst the current situation in the Israeli ecosystem, we are proud to collaborate with OurCrowd’s Israel Resilience Fund which is dedicated to fund and support selected tech companies who are highly affected by the recent war in Israel,” said PwC Israel Partner, Technology Leader Guy Preminger. 

“Our involvement in the program is focused on helping the portfolio companies with their business development and fundraising efforts in Israel and abroad; connections to a large pool of finance executives, who are committed to support the companies; dedicated mentorship from our experts; and more,” he said. 

“This collaboration with PwC Israel will further support the Resilience Fund’s portfolio companies which are managing to forge ahead with their business operations despite intense pressure,” said Jeff Kupietzky, Operating Partner of the Israel Resilience Fund. 

“The expert advice and mentorship from PwC Israel and its partners will help these startups to continue to grow, directly benefiting hundreds of employees and positively impacting the Israeli economy at this critical moment,” he said.