SoftBank takes $25 million stake in Israel’s most active venture capital firm OurCrowd | Tech News

Through the years, SoftBank Group has primarily invested in unlisted expertise startup firms. However that modified in September 2020 after the corporate introduced that it has purchased a $1.2 billion stake in e-commerce agency Amazon. With billions of {dollars} within the struggle chest, SoftBank additionally disclosed it purchased stakes in Netflix Inc, Tesla Inc, Microsoft Corp, and Alphabet Inc, the most recent filings confirmed.

Now, the Japanese tech large goes again to its root with the announcement yesterday that it has invested $25 million in an Israeli enterprise capital agency OurCrowd in change for an undisclosed stake within the firm. The funding is being made by way of SoftBank’s Imaginative and prescient Fund 2. The 2 firms additionally signed a “strategic partnership” as a part of the deal.

OurCrowd is a Jerusalem, Israel-based enterprise capital agency and the world’s largest crowdfunded-venture funding platform. The agency was based in 2013 by CEO Jonathan Medved and Steven Blumgart. OurCrowd is a enterprise investing platform that allows establishments and people to speculate and have interaction in rising tech firms. Not like different enterprise capital corporations, OurCrowd breaks limitations to startup investing by offering world, VC-level deal-flow, due diligence, and phrases to accredited buyers.

“We’re going to be exploring joint funding alternatives and serving to one another supply offers,” OurCrowd CEO Jon Medved mentioned on a media name Wednesday. “We’re going to be engaged on evaluating and understanding market tendencies and the frontier areas of expertise, whether or not it’s quantum computing or synthetic intelligence,” he added.

We wrote concerning the OurCrowd in June of final yr after the firm launched a $100M Pandemic Innovation Fund to put money into tech startups that focus on options for COVID 19 and future pandemics.

With $1.8 billion of dedicated funding, and investments in 280 portfolio firms and 30 enterprise funds, OurCrowd gives entry to its membership of 140,000 particular person accredited and institutional buyers, household places of work, and enterprise capital companions from over 183 international locations to speculate alongside, on the identical phrases.

OurCrowd’s portfolio is diversified throughout sectors and phases, starting from seed and collection A by way of late-stage and pre-IPO corporations. Since its founding in 2013, OurCrowd portfolio firms have been acquired by a few of the most prestigious manufacturers on the earth, together with Uber, Canon, Oracle, Nike, and Intel. OurCrowd is Israel’s most lively enterprise investor, based on VC analysis agency Pitchbook. | SoftBank takes $25 million stake in Israel’s most lively enterprise capital agency OurCrowd | Tech Information


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