From Business Wire
OurCrowd, the leading global equity crowdfunding platform, announced the closing of a $25 million Series B funding round. This round, according to OurCrowd and published data, is the largest investment round in the equity crowdfunding sector to date. The investment will be used both to further expand OurCrowd activities in Israel and worldwide, and to provide general partner funding participation for each OurCrowd deal on its website. Terms of the investment, and the list of participants in the round, were not disclosed.
OurCrowd CEO, Jon Medved, stated: “We are delighted to have closed this major funding milestone for OurCrowd. As we look back on our first year since launching in February 2013, we are gratified by the support of our global community of 4,000 accredited investors, our talented group of entrepreneurs and the 36 portfolio company teams. This additional funding will allow us to extend our global leadership in equity crowdfunding for early stage companies.”
OurCrowd, which began its activity by investing in early stage Israeli companies, has become the world’s largest equity crowdfunding firm in terms of dollars invested into companies through its platform. In addition to its own current $25 million Series B round, and its previous $5.5 million Series A funding round (Feb 2013), to date OurCrowd has raised another $43 million for its 36 portfolio companies from accredited investors in 26 different countries. OurCrowd is already extending its global reach: four of its last ten equity crowdfunding deals were for companies based outside of Israel. Portfolio company round size has grown from several hundred thousand dollars per deal to a new high of over $3 million in a single deal. Eighteen portfolio companies have already raised more than $1 million each through OurCrowd’s platform.