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Israel based crowdfunding platform OurCrowd has raised $72m in Series C funding, with a target of reaching $100m. OurCrowd did not disclose their backers but did say the most recent round consisted of “financial institutions, family offices, and private investors from five continents.”
“One half of the round will be invested in the expansion of our 7 global offices, and further developing our technology platform. The other half of the funding will be used to make sure that every company which raises funding on our platform receives participating investment from the General Partner on the same terms as the crowd,” CEO Jon Medved said in a statement. “This new capital will help us hit our goal of investing $1 billion annually by 2020.” What’s interesting about OurCrowd — which is based out of Israel — is that helps startups tap into sources of funding more directly than they might have done in the past: while a family office might have been an LP at a VC fund that backed a startup, now that office might choose to engage more immediately via OurCrowd’s platform.”
