Global venture investment platform OurCrowd said it’s set to receive US$60 million in investment from Japan’s Orix Corporation.
OurCrowd CEO Jon Medved / Photo credit: OurCrowd
The partnership, which marks Orix’s first collaboration with Israel’s startup sector, will see OurCrowd provide the diversified financial services giant access to a wide range of technologies and companies.
The two companies will collaborate in agreed focus areas, and establish financial products and investment opportunities in the Japanese and global markets. This includes access to both VC funds and portfolio companies on a deal-by-deal basis, according to a statement.
“We intend to be active partners with OurCrowd and help them accelerate their already impressive growth, while bringing the best of Israeli tech to Japan’s large industrial and financial sectors,” said Kiyoshi Habiro, the CEO of Orix UK.
According to the statement, Japan has become one of the largest investors in Israel’s tech landscape in the past several years, with over 90 Japanese companies now active in the Middle Eastern country.
The partnership aims to further the relationship between the countries and open up more opportunities for Israeli startups throughout Asia.
Established in 2013, OurCrowd selects companies to invests its capital in and connects them to its global network of co-investors and talent. It also builds further value for its portfolio companies by providing mentorship, navigating follow-on rounds, and plugging them into its network of multinational partnerships.
OurCrowd said it has US$1.5 billion in committed funding, having invested in more than 220 companies and 22 funds.
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