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Japan’s Softbank buys $25m stake in Israeli investment firm OurCrowd

24 7 1
27.10.2021

Israeli crowdfunding firm OurCrowd said Wednesday that Japanese investment giant SoftBank, one of the biggest venture capital investors in the world, is buying a $25 million in the company that will go toward expanding the OurCrowd platform and building its investor base.

Softbank and OurCrowd also entered into a strategic cooperation agreement to source investment opportunities through SoftBank Investment Advisers (SBIA – Sub-Adviser to SoftBank Vision Fund 2), a wholly owned subsidiary of the company, to evaluate market trends in a variety of sectors including AI, quantum computing, mobility, agriculture tech, cybersecurity, and health tech.

The collaboration will also see OurCrowd and SBIA support geographic expansion across their respective ecosystems, according to the announcement.

SoftBank’s Israel operations are headed by Yossi Cohen, who stepped down as head of the Mossad in June after more than five years on the job.

“We have known Softbank for some time and have made investments in some of the same portfolio companies,” said OurCrowd founder and CEO Jon Medved in an email interview with The Times of Israel. “This current announcement came about as a result of a mutual desire to cooperate together more fully and effectively, thus the investment has both a financial and strategic element.”

The deal makes SoftBank, which has........

© The Times of Israel


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