Israel’s OurCrowd Off to a Fast Start, Completes $12 Million in Funding
Raises $5.5M in Series A funding for its Crowdfunding Platform, and $6.5M for
Emerges as a new leader in Equity Crowdfunding
JERUSALEM -- February 5, 2013
Israel’sOurCrowdannounced today that it has closed $5.5M in Series A funding
and successfully closed 12 company funding rounds from accredited investors in
its first quarter of operation with an average deal size of $500,000. Total
capital raised for companies and the platform now totals over $12M.
OurCrowd is a new and innovative way to invest in Israeli startups. As
anequity Crowdfundingplatform, OurCrowd identifies companies seeking early
stage investment and brings these opportunities to its membership who choose
which deals they participate in via OurCrowd-managed partnerships. OurCrowd
co-invests in all of these deals, and manages the ongoing investments in the
companies, including Board participation. Membership in OurCrowd is limited to
only those meeting stringent accreditation requirements. Further, deals being
funded are kept confidential and are not disclosed to the general public until
complete. Therefore, Our Crowd is compliant with today’s regulatory
OurCrowd Founder and CEO,Jon Medved,said, “With completion of our initial
platform funding round and 12 new company deals, we have emerged as a leader
in the increasingly competitive equity Crowdfunding space. We are focused on
linking global accredited investors with Israel’s dynamic and exciting
Start-up Nation scene, which is generating investment opportunities unlike any
I have seen in the past.”
Jon Medved, a serial entrepreneur, was previously the co-founder and CEO of
Vringo (AMEX: VRNG), and Israel Seed Partners, one of Israel’s leading venture
capital groups with over $260M under management.
Medved is joined in this new venture by an experienced team of 10 investment
professionals, including Steven Blumgart, formerly of Glencore; Pini Lozowick,
formerly of Broadcom and Alta Berkeley; Elan Zivotofsky, formerly of Goldman
Sachs and Lehman Brothers; Zack Miller formerly of SeekingAlpha; Gadi Mazor,
formerly of Onset; Robbie Citron of Jerusalem Global; Jay Kalish of Allot; and
David Arnovitz formerly of SecureWare.
Steven Blumgart, OurCrowd’s Chairman, noted that, “What sets OurCrowd apart is
our highly differentiated approach. We are not a typical ‘Crowdfunding site’
in that we are an experienced team, working with a highly exclusive set of
deals and investors. We diligence our deals carefully, invest our own capital,
and manage each investment as the general partner of a company-specific
The first deals completed on the site so far include:
*AbesMarket.com - The Leading Organic E-Commerce Site, co-investment with
Accel Partners, Index, and Carmel Ventures.
*Sherpa - The new internet information venture from Bob Rosenschein,
founder and CEO of Answers.com (sold to Summit Partner's AFCV Holdings for
$127 million), co-investment with Cedar.
*TradeOS - The new freight forwarding automation venture from Zvi
Schreiber, the founder and CEO of Tradeum.com. (sold to Vertical Net for
*Parko - launching a unique social parking solution and recently won the
Israel Mobile Challenge Competition sponsored by Google.
*Fireblade - leading company for protecting websites from malicious bots
and scraping, co-investment with Jeffrey Citron’s (founder of Vonage) KEC
*Consumer Physics - building a pocket spectrometer for smart phones,
enabling a variety of consumer apps, co-investment with Khosla Ventures.
Elan Zivotofsky, OurCrowd’s Dealflow Partner, commented: “We are seeing an
impressive number of high quality companies seeking funding on our platform.
As we continue to grow our investor base and our investment team, we aim to
play a major role in solving the much discussed ‘Series A Funding Crunch’ by
providing a new way to raise these essential rounds for promising startups.”
OurCrowd is an equity Crowdfunding platform for accredited investors who wish
to invest in Israeli startups. Managed by a team of well-known investment
professionals lead by serial entrepreneur Jon Medved, OurCrowd selects
opportunities, invests its own capital, and brings opportunities to its
membership. Members choose those deals they invest in via OurCrowd-managed
partnerships. OurCrowd investors must meet stringent accreditation criteria
and invest a minimum of $10,000 per deal. OurCrowd provides post investment
support to its portfolio companies, assigning industry experts as mentors and
taking Board seats.
For press information and access please register as a journalist,
For press materials including this release, photos and screenshots, bios and
graphics, visit our press kit online.
Recommended Social Tags: Venture Capital, Crowd Funding, Crowdfunding, Israeli
High Tech, OurCrowd, Jon Medved, Jonathan Medved, Angel Investing, Angel
Funding, Startups, Start-up Nation, Funding, Israel, VC
Jon Medved, CEO, +972-2-636-9300 / +1917-310-3437
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