OurCrowd and Social Finance Israel Launch $30M Impact Fund
Summary
OurCrowd , a global investment platform and venture investor, is partnering with Social Finance Israel , an Israeli impact advisory firm, to launch an impact fund focused on venture-backed businesses solving some of the world’s greatest challenges. The fund will invest in companies with demonstrated alignment to the UN’s 17 Sustainable Development Goals. Both firms will also provide guidance on partnerships and business development opportunities that companies can integrate in order to deepen and hone their impact. The Impact Fund will provide diversified exposure to impact-driven businesses like OurCrowd portfolio companies, provided they meet a set of impact practices and criteria outlined in Social Finance Israel’s deal assessment tool, startups such as: Founded in 2013 and chaired by Sir Ronald Cohen, Cofounder of the global private equity firm Apax Partners, and “father” of impact investing, Social Finance Israel is a not-for-profit that works to deliver measurable social outcomes through the development and deployment of financial and social innovations.