Israeli global equity crowdfunding platform OurCrowd has raised $650 million for 145 startup companies and 12 funds since its inception in 2013. OurCrowd will make the announcement at its Global Investor Summit in Jerusalem on Feb 1, where 10,000 attendees have registered from over 90 countries.
OurCrowd projects that during 2018, it will surpass $1 billion in assets under management, raised via equity crowdfunding from accredited investors.
During 2017, OurCrowd’s investor base grew to encompass over 25,000 registered investors from 112 countries. OurCrowd opened three new offices in London, Hong Kong and Madrid, bringing the total to 10 offices worldwide. Geographically, the company’s primary investor base remains the US (49%), followed by Asia (26%). The average number of investments made by individuals was 6.5, with an average portfolio size of $250,000.
OurCrowd CEO Jon Medved said: “Five years ago, getting to $1 billion in equity crowdfunded assets was but a dream. Now we are focused on how to reinvent ourselves yet again, to innovate new ways that we can democratize and expand access to investments in startups and venture funds.”
OurCrowd’s total number of company investments has now hit 145, after having vetted 8,500 deals to date. Notable investments in 2017 include: AgTech: Taranis, precision agriculture intelligence; MedTech: Dreamed, artificial pancreas; Scopio, reinventing the microscope, BrainQ, AI for treating neuro-disorders; Drones: Edgybees, augmented reality at high speed; Airobotics, autonomous drones for industry, Mobility: Innoviz, solid state LiDAR sensors and Arbe Robotics, advanced vehicular radar system.
In 2017, OurCrowd portfolio exits reached 18, including Argus Cyber Security (acquired by Continental AG), StackIQ (acquired by TerraData) and NanoRep (acquired by LogMeIn).
OurCrowd has now launched 12 different venture funds, enabling the crowd to invest in a previously inaccessible asset class. These funds include the recently launched $100 million AI focused Cognitiv, the Qure digital health fund, the European-focused Oxx Fund and Maniv Mobility.
Published by Globes [online], Israel business news - www.globes-online.com - on January 31, 2018
© Copyright of Globes Publisher Itonut (1983) Ltd. 2018