OurCrowd says this is the largest ever investment in the equity crowdfunding sector.
Crowdfunding firm OurCrowd has closed a $25 million series B financing round. It says that this is the largest investment round in the equity crowdfunding sector to date. It will use the investment expand its activities in Israel and worldwide, and provide general partner funding participation for each OurCrowd deal on its website. The firm did not disclose the terms of the investment or the investors.
“We are delighted to have closed this major funding milestone for OurCrowd. As we look back on our first year since launching in February 2013, we are gratified by the support of our global community of 4,000 accredited investors, our talented group of entrepreneurs and the 36 portfolio company teams," said OurCrowd CEO Jon Medved. "This additional funding will allow us to extend our global leadership in equity crowdfunding for early stage companies."
OurCrowd previously raised $5.5 million in its series A financing round in February 2013 and $43 million for its 36 portfolio companies from investors in 26 countries. The firm is expanding beyond its base in Israel: four of its last ten equity crowdfunding deals were in other countries.
Published by Globes [online], Israel business news - www.globes-online.com - on April 28, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014