OurCrowd, the global equity crowdfunding leader announced today the closing of $72 million (£55.46 Million) in Series C funding. Participants in this latest round include financial institutions, family offices, and private investors from five continents.
“OurCrowd has grown exponentially since our launch in 2013 to become the leading global platform for Equity Crowdfunding,” said CEO Jon Medved. “This transformative Series C funding will allow us to take advantage of the growing investor interest in quality equity crowdfunding and further expand our global operations. One half of the round will be invested in the expansion of our 7 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 which raises funding on our platform receives participating investment from the General Partner on the same terms as the crowd. This new capital will help us hit our goal of investing $1 billion (£0.77 billion) annually by 2020.”
OurCrowd has to date invested in 100 portfolio companies and funds on its platform. Total investment in companies and funds now exceed $300 million (£231.08 million). OurCrowd has had nine exits to date from its portfolio investments: two IPO’s and seven acquisitions. These include ReWalk IPONasdaq, Crosswise (bought by Oracle), Replay Technologies (bought by Intel), and NextPeer (bought by Viber).