OurCrowd, the Jerusalem-based equity crowdfunding company, today announced the closing of $72 million in Series C funding from a mix of financial institutions, family offices, and private investors from across five continents.
Launched in 2013, OurCrowd has to date invested more than $300 million in 100 portfolio companies and funds on its platform. The company has also enjoyed nine exits to date: two IPO’s (including ReWalk's on NASDAQ) and seven acquisitions, including Crosswise (bought by Oracle), Replay Technologies (bought by Intel) and NextPeer (bought by Viber).
Says founder and CEO Jon Medved:
"This transformative Series C funding will allow us to take advantage of the growing investor interest in quality equity crowdfunding and further expand our global operations. One half of the round will be invested in the expansion of our 7 global offices, and further developing our technology platform. The other half of the Series C funding will be used to make sure that each and every company which raises funding on our platform receives participating investment from the General Partner on the same terms as the crowd."
"This new capital will help us hit our goal of investing $1 billion annually by 2020,” he added.