Equity crowdfunding platform OurCrowd has assisted 46 companies in raising $60 million in its 16 months of operations. The company's CEO Jon Medved said that 20 companies had raised more than $1 million and four companies had raised more than $3 million.
Medved said, "We are proud to have raised these amounts in just 16 months since launching. These numbers demonstrate that our model works and can be effectively used for major funding rounds. The fact that OurCrowd has deployed more money for our companies than our Silicon Valley competitors proves that we are indeed at the forefront of equity crowdfunding innovation.”
ReWalk Robotics CEO Larry Jasinski, whose company which filed for its Nasdaq IPO, said, “OurCrowd did their diligence thoroughly, effectively and quickly which was appreciated and valuable for an operating company. Their team has a combination of deep experience, meaningful skills and enthusiasm for their mission. They also have provided key contacts in the US and in new areas for us such as Australia.”
Other companies which raised money through OurCrowd include BioCatch, Abes Market, Webydo, MUV, and Zula.
Earlier this year, OurCrowd announced the closing of a $25 million Series B funding round and the company continues to grow its investor base and team.
Published by Globes [online], Israel business news - www.globes-online.com - on July 16, 2014
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