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Crowdfunding

Singapore bank participates in OurCrowd’s $72M (£55.46 million) Series C

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Singapore’s United Overseas Bank (UOB) is one of several investors that participated in OurCrowd’s US$72 million (£55.46 million) Series C funding, which the Israeli crowdfunding platform says will facilitate its global expansion and support new investment.

The latest round also included financial institutions, family offices, and private investors from five continents, OurCrowd announced Thursday. Investors get equity stakes in the companies they support on the equity crowdfunding platform, which launched in 2013.

OurCrowd CEO Jon Medved said, “One half of the round will be invested in the expansion of our seven global offices, and further developing our technology platform. The other half of the Series C funding will be used to make sure that each and every company that raises funding on our platform receives participating investment from the General Partner on the same terms as the crowd.

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Paul

The author Paul