SoftBank takes stake in Israels most active venture capital firm
Summary
SoftBank has invested $25 million in an Israeli venture capital platform called OurCrowd in exchange for an undisclosed stake in the company. The Japanese tech giants investment, announced Wednesday, is being made through SoftBanks Vision Fund 2. Founded in 2013 and headquartered in Jerusalem, OurCrowds platform aims to give institutions and accredited investors access to vetted venture capital investment opportunities that they might not otherwise be able to find. "Were going to be exploring joint investment opportunities and helping each other source deals," OurCrowd founder and CEO Jon Medved said on a media call Wednesday. "Were going to be working on evaluating and understanding market trends and the frontier areas of technology, whether its quantum computing or artificial intelligence," he added.