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.