Ourcrowd Raises $25M From Softbank’S Vision Fund 2
10/27/21, 1:00 PM
Money raised
$25 million
Israeli venture platform OurCrowd today announced that SoftBank’s Vision Fund 2 has made a $25 million convertible equity investment into the firm. As part of this deal, OurCrowd is also entering into a strategic partnership with SoftBank Investment Advisers (SBIA) to “consider investment opportunities via OurCrowd’s online venture capital investment platform” and jointly evaluate market trends. The focus here will be on startups that work on projects related to artificial intelligence, quantum computing, mobility, AgTech, security, HealthTech and more.
Company Info
Additional Info
As for new investments, the firm expects a number that will exceed $500 million this year. So far, the firm has invested in about 280 companies across its 30 funds. OurCrowd says it will use the new funding to expand its platform and investor base and to accelerate its processes to identify new startups for inclusion on its platform.