OurCrowd Receives $25M Investment from SoftBank Vision Fund 2
Summary
The firm intends to use the funds for expansion of its platform, building its investor base and accelerating the identification of high-potential, tech-enabled private companies. 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. Founded by CEO Jon Medved in 2013, OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies before they go public. 50 portfolio companies have achieved exits including Lemonade, Beyond Meat, Uber (Jump), Kenna, Argus, Wave, and many more.