UOB crowdfunding partner OurCrowd hits US$1b in fundraising in six years

Jerusalem

OURCROWD, an Israel-based equity crowdfunding platform that counts UOB as its equity partner, has raised a total of US$1 billion for 170 companies and 18 funds in six years.

Of these, 29 had matured sufficiently for OurCrowd to make an exit, it said at its investor summit in Jerusalem on Thursday. In 2018, it exited 11 companies, and these were picked up by big names such as Samsung, Uber, Nike and IBM.

On the flip side, OurCrowd has also written off 13 of its investments. On a blended basis, the portfolio has delivered two times on capital, said Jon Medved, founder and CEO of OurCrowd, at a press conference at the 2019 OurCrowd Global Investor Summit.

OurCrowd is a global investment platform that connects startups to funds fro…