SoftBank makes $25 million convertible equity investment in OurCrowd
The Israeli venture capital platform will also enter into a strategic partnership with SoftBank Investment Advisers to consider investment opportunities
“As a strategic investor with a global reach and a network of market-leading technology companies, SoftBank Investment Advisers will be a pivotal partner in helping OurCrowd realize our vision of democratizing access to venture capital,” said OurCrowd CEO Jon Medved.
Rated Israel’s most active venture investor by PitchBook, OurCrowd has invested in over 280 companies and 30 funds. New investments made this year on the platform will exceed $500 million, representing more than 100% growth in additional annual AUM.
“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," said Yossi Cohen, head of SBIA’s operations in Israel and the former Director of Mossad. "In OurCrowd, we have an investment partner with the networks and pedigree to help promising Israeli startups to potentially emerge as international tech champions."