OurCrowd wants to be ‘global cavalry’ for Australian startups

February 16, 2015

From Tech World

Israel’s OurCrowd has announced its expansion down under, seeking to provide a “third pillar” of funding to Australian startups in addition to angel investors and venture capital.

OurCrowd is a capital crowdfunding platform, but unlike a company like Kickstarter, is open only to accredited investors and selected startups.

OurCrowd vets both the startups and investors and then plays matchmaker — grouping several investors into one funding vehicle. OurCrowd then manages and invests some of its own capital in the vehicle — typically US$50,000.

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