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Israel’s OurCrowd Raises $72 Million to Boost Crowdfunding Deals

  • Website has a network of 15,000 investors backing 100 startups
  • Latest round brings OurCrowd’s total funding to $100 million

OurCrowd Ltd., a website that connects investors to a pool of mostly Israeli and U.S. startups, said it raised $72 million to expand its operations and invest in other businesses.

Jon Medved, the chief executive officer and co-founder of OurCrowd, said the new funds will be split evenly between the venture arm and the company itself, which plans to use the money to open more offices around the world. The Jerusalem-based equity crowdfunding platform has a global network of 15,000 investors and has helped facilitate $300 million in investments to 100 startups since it was founded in 2013.