SoftBank Vision Fund 2 Takes Stake in OurCrowd
Summary
JERUSALEM--(BUSINESS WIRE)--OurCrowd, Israel’s most active venture platform1, today announced that SoftBank Vision Fund 2, will make a $25 million convertible equity investment into the firm. 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. 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. To date, OurCrowd’s startups have recorded 50 exits including several stock market listings: Beyond Meat, Lemonade, Innoviz, Hub Security; and numerous high-profile acquisitions: JUMP by Uber, BriefCam by Canon, Argus by Continental, Crosswise by Oracle, Replay by Intel, Corephotonics by Samsung, CyberX by Microsoft, and Kenna Security by Cisco. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships.