OurCrowd

New $80 Million Israel-Korea Fund

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Photo above: Jon Medved, CEO of OurCrowd

 OurCrowd was recently selected by the South Korean government to co-manage a bilateral investment fund that will invest in startups in both countries. The fund’s target is $80 million, $48 million of which has already been raised by the Korean partners of the fund: NH Venture Investment and by Korea Growth Investment Corporation (K-Growth), an agency of the Korean government. OurCrowd is currently raising funds from its over 240K registered investors worldwide.

The fund is jointly managed by NH Venture Investment and OurCrowd General Partner as co-GPs. It will invest in 25-30 startups in both countries that focus in core technology sectors, such as semiconductors, robotics, automotive, quantum computing, cybersecurity, digital health, and more. Jon Medved, CEO of OurCrowd, said that apart from the fund’s investments, “Israeli DeepTech companies will receive direct access to the South Korean industrial giants and will be able to forge collaborations on a global scale. “

South Korea’s economy is the 13th largest in the world and the fourth largest in Asia. Its gross domestic product grew by 4.1% in 2021. South Korea is also the 5th largest industrial manufacturer in the world after China, the United States, Japan, and Germany, and the world’s #2 investor in R&D as a percentage of GDP (#1 in this category is Israel). OurCrowd is an online global venture investing platform consists of over 240,000 registered members from 195 countries.Founded by CEO Jon Medved in 2013, OurCrowd has grown rapidly into the world’s leading position with 440 portfolio companies and over $2.3 billion in commitments as of 2024).

OurCrowd AI Fund to Collaborate with NVIDIA Inception

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OurCrowd AI Fund announced it will offer select artificial intelligence startups, in collaboration with NVIDIA, a fast track into the NVIDIA Inception program.

The OurCrowd AI Fund provides investors with access to the next revolutionary wave of global venture capital opportunities in mission-centric AI companies and the generative AI space, helping solve real-world problems across multiple verticals.

The fund will invest in 20-25 venture investments diversified by stage and geography, sourced by a team of dedicated investment professionals, along with professionals from OurCrowd’s global network of third-party VC funds. The fund will also pursue follow-on opportunities in the most promising portfolio investments.

So far, several companies have been approved to be part of OurCrowd’s AI Fund including:

  • D-ID– D-ID revolutionizes digital interactions with AI-powered Digital People, enhancing customer engagement across various sectors, and has produced over 150 million videos for diverse clients including Fortune 500 companies.
  • One Zero Digital Bank– Israel’s first fully licensed digital bank, leveraging technology to provide customers with an automated private banking experience.
  • Polaris Quantum Biotech– Applying quantum computing technology to find promising molecules for the process of drug development.

“The OurCrowd AI Fund gives accredited investors the chance to access the most promising opportunities in AI startups as identified by experienced venture capital experts,” said Jon Medved [pictured above], CEO and Founder of OurCrowd. “Our collaboration with NVIDIA Inception will help give qualifying companies in the fund access to a program tailor-made to nurture startups and equip them for success.”

“When people think of artificial intelligence today, they think of generative AI programs like OpenAI’s ChatGPT. However, the transformative power of AI goes much further than its ability to generate text, photographs, music, video, and other materials,” Medved said. “Investors need to take a vertical view of the AI revolution. The application of AI to each business vertical will transform our world and shape the economies of the future. AI is poised to affect every industry sector, with an impact comparable to the introduction of cloud computing, social media, the smartphone, the PC, and, before that, electricity.”

NVIDIA Inception helps startups evolve faster through cutting-edge technology, opportunities to connect with venture capitalists, and access to the latest technical resources and tools from NVIDIA. The program supports all stages of a startup’s life cycle.

Arik Kol, Senior Director, Head of NVIDIA Inception Israel said, “Our collaboration with OurCrowd AI Fund will develop the next generation of AI startups, helping to shape the way that AI will benefit multiple aspects of our lives.”

Qualifying startups selected for the OurCrowd AI Fund portfolio will be fast-tracked into Inception, which will support them through access to NVIDIA Training courses. These companies will also benefit from opportunities to collaborate with industry-leading experts and access to additional investors, as well as cloud credits through NVIDIA partners and preferred pricing on select NVIDIA hardware and software.

OurCrowd is Israel’s most active AI investor, with $386M invested across 81 AI companies worldwide, with 8 exits to date including Lemonade, Magisto, and BriefCam, and is ranked among the top 15 most active VCs worldwide in AI deals since 2012, according to an analysis of PitchBook data.

Israel Resilience Fund started first investments

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Photo above (left to right): Jeff Kupietzky, Jon Medved, Noam Kaiser and Liat Sverdlov

The digital investment platform,  OurCrowd, announced the first close of its $50 million Israel Resilience Fund, with more than $13 million in capital commitments, and approved the first 8 investments from the fund. OurCrowd will waive all management fees and carried interest as a contribution to Israel’s current wartime emergency.  The fund, which was first announced just 40 days ago, becomes one of the fastest-closing venture funds ever to go from conception to closure and to make actual investments.

Jon Medved, OurCrowd Founder and CEO, said, “Many venture-backed companies in Israel are already struggling due to the global venture slowdown and now face even more serious obstacles due to the war in Gaza. The Israel Resilience Fund will seek to create outsized returns for investors by taking advantage of discounted valuations in the current market, while supporting Israeli companies to survive the crisis and flourish in the long run.”

The Israel Resilience Fund aims to focus on 50+ startups directly affected by the crisis. It is managed by Jeff Kupietzky, a seasoned operator with over 15 years’ experience as a high-tech CEO in the US and Israel. Kupietzky recently sold his company Jeeng to OpenWeb for $100 million. Kupietzky is accompanied by expert investment partners including Noam Kaiser, a former Partner at Intel Capital, and investor at Gemini Israel Ventures and Offer Hi Tech; and Liat Sverdlov, a Partner with the OurCrowd Investments Team.

Eight startup companies were selected to receive investments this month. Recipients include: 

  • BlueTree, which has developed proprietary technology to reduce sugar in natural beverages. The company was recently evacuated from its facility in Kiryat Shmona near the Lebanon border;
  • Carrar, experts in EV battery thermal management systems. The company was forced to relocate from its headquarters in Sderot near Gaza;
  • Edgybees, utilizing satellite and motion imagery to deliver actionable insights currently in use to save lives;
  • Verobotics, utilizing an autonomous robot for building exterior upkeep and proactive maintenance, whose key staff are serving in the reserves.

OurCrowd is a global investing platform that empowers institutions and individuals to invest in emerging technology companies at an early stage. Acclaimed by PitchBook as the most active venture investor in Israel every year since 2013, OurCrowd vets and selects companies across all sectors and stages, invests its own capital, and provides its global platform of over 225,000 registered members from 195 countries with unparalleled access and freedom to co-invest from as little as $10,000 in the companies of their choice.

Jon Medved: “After the War, We’ll See a Sharp Rise in Investments”

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In a conversation with Jon Medved, the driving force behind the OurCrowd capital raising and investment platform, it’s clear that he is deeply involved in the war effort. “This generation is unlike any other in terms of courage and dedication. Our children are on the front lines, and our role is to safeguard the economy.” Born in the United States, Medved communicates the Israeli story to leading global media outlets and maintains daily and close contact with venture capital firms and international partners to show them how the Israeli industry continues to operate and expand even during wartime.

In an interview with Techtime, he explains that the response in the financial world is very positive and discusses his anticipation of renewed growth in the Israeli tech industry after “the victory and the end of the war.” Medved noted, “War is always a bad sign for investments. When the cannons roar, investors do not sign checks. But if you look at the Israeli economy over the past 25 years, you’ll see that after every war, there is an increase in investment volume. Wars do not deter the overall growth of Israel’s gross domestic product. This is also evident in the Tel Aviv Stock Exchange data: sharp declines when the war breaks out, followed by a significant upswing when it ends.”

Private Investors in the Masses

Jon Medved founded the OurCrowd platform in 2013, and it has become one of the prominent investment platforms in the tech sector. Today, it includes over 225,000 registered investors who have invested in approximately 425 companies, with a total investment volume of around $2.2 billion. This platform is considered the most active tech investor in Israel, with 63 successful exits to its name. It has led to investments in numerous electronics companies, such as NeuReality, Hailo, Celeno (which was sold to Renesas), Core Photonics (sold to Samsung), Argus (sold to Continental), and more.

“We built a platform that allows individual investors to select companies for investment after passing a comprehensive review by us and being selected by our investment committee. We also raise capital and investments from our partners (50 international firms like SoftBank, Stifel and Orix). For these investments, we invite the masses – currently, there are around quarter of a million investors from 195 countries.” OurCrowd employs about 200 people, with 150 in Israel and the rest in 15 offices worldwide. The platform expanded its activity beyond the Israeli market to global territories, including the United States, the United Kingdom, Spain, Singapore, the United Arab Emirates, and more.

How is the industry responding to the war?

“Everyone is fighting on multiple fronts simultaneously. It starts with employees being called up to the reserves, and companies are dealing with a shortage of human resources. According to our estimates, 10%-20% of the workforce has been called up to the reserves. Those remaining in civilian life work harder and perform many more tasks. Companies need to retain their customers and convince them that they can continue to operate and even develop under wartime constraints. The second front is the investment front, where some companies manage to secure investments and even raise capital. Now, government assistance is coming as well: the Israeli Innovation Authority announced a fund of 400 million shekels, and I believe that this amount will increase significantly.

“We are also engaged in the war effort. We have invested in mPrest, the company that developed the Iron Dome control and command system, in Cyabra, which is making strides in the fight against fake news, and in a company that provides cyber protection for Israel’s electric and water systems. We have companies like UAV developers, an incubator in Kiryat Shmona, and companies operating from Sderot, just one kilometer away from the Gaza border. So, as a company, we are involved in the war effort from all directions.”

The U.S. Government’s Mobilization Sends a Message to the Markets

“We are preparing for a protracted war. The army is preparing the people for a war that will last months, not weeks, and we need to provide our companies with the tools to deal with such a situation. To continue raising capital and benefit from the sense of partnership within the nation. Fortunately, investors respond to our calls and provide support, which I hope will not only continue but also increase. While institutional investors hesitate, there is a massive awakening of entities friendly to Israel. The U.S. government’s mobilization sends a significant message to the markets.

“We have never seen such donation efforts as we are seeing now. A lot of money is coming to Israel from overseas donors. We estimate that significant funding will be directed to academia and hospitals. The tech sector needs to ensure that this awakening reaches it as well. We need to continue channeling funding to companies that are the heart of the tech sector. This heart primarily thrives on foreign capital: 80% of the capital invested in Israeli tech comes from abroad. I believe this will continue. Investors are reaching out to us and asking how they can help.”

Israel’s OurCrowd to partner with Philippines Investment Firm Einhorn Resources Inc

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[photo: OurCrowd General Partner & Managing Director of Australia and Asia Dan Bennett and Einhorn Resources Inc CEO Jean Henri Lhuillier sign the partnership in Tel Aviv, Israel]

OurCrowd, Israel’s most active venture platform, and Einhorn Resources Inc, an investment firm in the Philippines, today announced a partnership that will provide Einhorn clients with direct access to exclusive OurCrowd startup investments, as well as mentorships to facilitate growth for Philippine startup companies.

The partnership was signed in Tel Aviv, Israel, between Dan Bennett, OurCrowd’s General Partner & Managing Director of Australia and Asia, and Jean Henri Lhuillier, Einhorn Resources Inc CEO.

“This new partnership is an exciting opportunity to extend our pipeline into the vibrant investment community in the Philippines and to help nurture the startup ecosystem there,” said Dan Bennett. “Einhorn Resources’ deep knowledge of the Philippine investment landscape will be instrumental to bringing our top-tier technology talent to that part of the world.

“Not only are we raising money for these opportunities both in Israel, the US and beyond, but this is an important opportunity for corporates and family offices to invest from the Philippines and to attract technology that will benefit their core business.”

“We are excited to work alongside OurCrowd to pave the way for stronger ties for investment opportunities, traditional companies and tech solution collaborations,” said Jean Henri Lhuillier. “The partnership aims to open the funnel to a Philippine network of investors who can choose relevant companies to invest in as well as customize an online portfolio.”

This first collaboration of its kind in the Philippines provides direct access for Einhorn clients to one of the world’s leading online venture platforms, which has $1.9 billion in commitments, and deployed capital into more than 347 portfolio companies and 39 funds across five continents.

OurCrowd has over 200,000 registered members from 195 countries and enables accredited
individual investors to participate in vetted early-stage firms and funds. As of 2021, OurCrowd has received over $1.9 billion in commitments, and deployed capital across five continents.

Einhorn Resources Inc oversees multiple investments in agriculture, fintech, education, healthcare, real estate, and software, directly or through funds, with investments in Europe, the US, Middle East, Southeast Asia and the Philippines.

Einhorn Resources is in the planning stages with the OurCrowd incubation team to explore setting up a regional incubator that would give growth opportunities to Philippine startups seeking Israeli tech expertise.

OurCrowd to Partner with the Singapore Economic Development Board

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OurCrowd, Israel’s most active venture firm, today announced its partnership with the Singapore Economic Development Board (EDB), under its Global Innovation Alliance (GIA) programme. The GIA is a platform that serves to catalyse cross-border collaboration between Singapore and major innovation hubs globally.

Israel joins the ranks of other notable tech hubs in the programme including Silicon Valley, China, and Europe. As the first Israeli company to run the programme, OurCrowd’s collaboration with EDB will provide thousands of Israeli startups the opportunity to work with Singapore-based corporates across the manufacturing and services sectors including healthcare, precision engineering and chemicals.

This collaboration includes a series of in-person meetings and virtual programmes including curated networking sessions and bespoke demo days. The first such programme involving in-person meetings will be held in Israel this July, where invited Singapore-based corporates will meet with Israeli entrepreneurs to discuss collaboration opportunities in technology and innovation.

Yakir Machluf [pictured above], OurCrowd’s newly appointed Head of Business Development said, “The partnership with EDB is the direct evolution of OurCrowd’s long standing relationships in Singapore and the entire region. Following the opening of the OurCrowd office in Singapore in 2016, as well as past collaborations with United Overseas Bank (UOB), Changi Airport, and Kepple, we will continue to strengthen the strategic partnerships driving corporate innovation between Singapore, the Israeli ecosystem and beyond.”

Ms Lily Phua, Vice President, Innovation Economy, EDB said, “With the reopening of global travel borders, our companies can now resume travel to meet with international partners to discuss growth opportunities and strengthen innovation collaborations. EDB is pleased to partner with OurCrowd to organise this series of programmes in Israel, which seek to enhance our companies’ capacity to create new products and businesses out of Singapore. Companies will be able to leverage OurCrowd’s extensive networks and deep understanding of technology capabilities in the Israeli startup ecosystem, which will further strengthen innovation ties between the two countries.”

Softbank Vision Fund 2 takes stake in OurCrowd

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OurCrowd, Israel’s most active venture platform [1], today announced that SoftBank Vision Fund 2, will make a $25 million convertible equity investment into the firm. Proceeds of the round will go toward the expansion of the OurCrowd platform, building its investor base and accelerating the identification of high-potential, tech-enabled private companies.

With 140,000 accredited investors from more than 195 countries, OurCrowd is a leading platform providing investors with access to quality venture capital investment opportunities. Rated Israel’s most active venture investor by PitchBook, OurCrowd has invested in over 280 companies and 30 funds.

OurCrowd has achieved record growth in the past year. New registered subscribers added to the OurCrowd platform have soared from 25,000 in 2020 to 75,000 in 2021 so far, representing 300% growth with three months remaining before the end of the year. New investments made this year on the platform will exceed $500 million, representing more than 100% growth in additional annual AUM. More than 50 OurCrowd portfolio companies have achieved exits including Lemonade, Beyond Meat, Uber (Jump), Kenna, Argus, Wave, and many more.

Under the agreement, OurCrowd will also enter into a strategic partnership with SoftBank Investment Advisers (SBIA – Sub-Adviser to SoftBank Vision Fund 2), to consider investment opportunities via OurCrowd’s online venture capital investment platform. The parties will also work with each other to evaluate market trends in a broad variety of sectors including Artificial Intelligence, Quantum Computing, Mobility, Agtech, Cybersecurity, Healthtech and more. The collaboration will also see OurCrowd and SBIA support geographic expansion across their respective ecosystems.

OurCrowd CEO Jon Medved said: “We are excited to be working with SoftBank Investment Advisers, one of the world’s largest technology-focused investors. As a strategic investor with a global reach and a network of market-leading technology companies, they will be a pivotal partner in helping OurCrowd realize our vision of democratizing access to venture capital.”

Yossi Cohen, head of SBIA’s operations in Israel, said: “Softbank has been investing ahead of major technology trends for over 40 years and we believe there is huge, embedded potential in the private markets ecosystem. In OurCrowd, we have an investment partner with the networks and pedigree to help promising Israeli startups to potentially emerge as international tech champions.”