OurCrowd Receives US$10M Investment from United Overseas Bank
Summary
OurCrowd, a global equity crowdfunding platform, received a US$10m investment from Singapore-based United Overseas Bank Limited (UOB).Through the collaboration, innovative Asian companies with scalable technology products and services will now get access to a new source of funding through OurCrowd’s equity crowdfunding platform while the accredited investors among UOB’s clients will have the opportunity to broaden their investments into the platform’s portfolio.Led by Founder and CEO Jon Medved, OurCrowd is a Jerusalem based equity crowdfunding platform that invests in Israeli and global companies.The platform also provides post-investment support to its portfolio companies, assigning industry experts as mentors and in many cases takes board seats.OurCrowd has invested over $200M in its 93 portfolio companies, which include four exits since its launch in February 2013: ReWalk (IPO on the NASDAQ), Trendlines (IPO on the Catalist of the Singapore Exchange), Nextpeer acquired by Rakuten/Viber, and BillGuard acquired by Prosper.