OurCrowd equity crowdfunding platform recently launched OurCrowd First, a specialized $10 million global early stage fund focusing on seed and Pre-A startups. The new fund will help bring equity crowdfunding to approximately 20+ seed-stage companies.
“We are proud to be launching our entry into the funds market with the OurCrowd First seed fund,” said Jon Medved, OurCrowd’s founder and CEO. “Our investors have asked for more access to earlier stage deals, which have been hard to do until now on OurCrowd, given the rapid growth of our platform and our average deal sizes of millions of dollars. OurCrowd First will cover the earliest stages of the startup funding journey providing up to $500,000 for a select group of companies.”
OurCrowd First is being managed by General Partners Eduardo Shoval, who co-founded seven tech companies with five successful exits, and Yori Nelken, who has over 18 years of leadership experience bringing startups from concept to exit. Both Nelken and Shoval come with successful track records in early-stage company-building and investment.
“OurCrowd First came about following numerous requests from our 9,000-strong OurCrowd investor base to expand the platform’s reach to include seed-stage opportunities,” said OurCrowd First General Partner Shoval. “The fund will provide our investors with a risk-balanced approach to seed-stage investment, allowing investors to build a highly diversified seed-stage portfolio, which could include the next Uber or Facebook, with as little as $50k.”
“Entrepreneurs want more than just checks, and we will roll up our sleeves and work closely with the early stage companies in our portfolio,” said General Partner Nelken. “Providing money to startups is only one part of the equation. We will help each of our companies, to build their management teams, construct, explore and test go-to-market strategies and introduce them to our full ecosystem of support, mentoring and business networks. It’s our secret sauce for generating winning companies.”
The fund recently launched with six early stage companies already in its portfolio representing diverse sectors, such as the Internet of Things, Energy, Mobile infrastructure, 3D Printing, and Digital Radiology. These companies include: Zebra Medical, Invertex, Turbulent, Stringify, Rimoto, and TechSee.
“At OurCrowd, we see thousands of companies looking for funding every year,” said CEO and Co-founder Jon Medved. “With OurCrowd First, we are leveraging this enormous deal flow and expanding our investment offerings, enabling accredited investors to get involved in exciting companies even earlier. With venture investment at an all-time high and so many disruptive startups just getting off the ground, the potential is simply staggering. It’s just one more way OurCrowd is retooling the world of investment.”
[Photo: Sebastiaan ter Burg / Flickr ]