Israel crowdfunding platform, OurCrowd, announces it has raised an additional $25M in funding. Is this all equity financing? Some co-investment capital? Details are sparse.
Founded in February 2013...the Israel-based crowdfunding platform has already helped 36 portfolio companies raise a collective $43 million. Most of that money comes from its crowd of 4,000 accredited investors, although OurCrowd also takes a stake in those companies itself. Now the startup wants to ramp up that growth in Israel and abroad: OurCrowd today announced it has raised $25 million in new funding from former Investec Bank Australia CEO Geoff Levy and other individual investors.