Israeli equity crowdfunding company OurCrowd has launched OurNetwork, a strategic collaboration program to provide leading global corporations with enhanced access to OurCrowd’s startup portfolio and deal flow pipeline. Twenty five major global corporations have already signed up including Honda, GE, Samsung Ventures Israel, Intuit, SAP, Autodesk,and YESBank. Through OurNetwork, startups in OurCrowd’s portfolio will gain access to a platform that has over 200 multinational corporations, mentors, industry experts, and the 20,000-member OurCrowd investor community.
OurCrowd CEO and founder Jon Medved said: "We are enabling multinationals to work with our equity crowdfunding platform in order to invest, scout and collaborate with the best startups in Israel and around the world."
"Through OurNetwork, startups will have greater exposure and the opportunity to partner with these extraordinary companies," said Laly David, OurCrowd Business Development Partner & Head of OurNetwork. "We have already facilitated dozens of successful partnerships, resulting in millions of dollars of business transactions to date for our portfolio companies."
OurCrowd’s vision for OurNetwork involves matching some of the world’s biggest companies with startups in its portfolio and beyond.
"GE became one of OurCrowd’s first strategic partners and the two companies have made a number of investments together. In 2015, GE Ventures co-invested in mPrest, one of the largest investments that OurCrowd and GE Ventures Israel have made in an Israeli company. OurCrowd is a great partner for startups, due to its large portfolio and key role in the Israeli ecosystem," said Oded Meirav, Manager of GE Global Research Technology Center in Israel.
Gonzalo Martinez de Azagra, Founder and Head of Samsung Ventures Israel said, "Samsung Ventures Israel has had the pleasure to co-invest in leading companies alongside OurCrowd (Replay Technologies and Corephotonics Ltd) and support OurCrowd’s efforts to connect leading Israeli technology startups with the world’s largest corporations. We look forward to collaborating more actively via OurCrowd’s new OurNetwork platform."
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2017
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