OurCrowd advisory board is joined by Alec Ellison

Was formerly vice chairman of Jefferies, LLC, and chairman of the Technology Investment Banking group

By Shoshanna Solomon

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27 October 2016, 11:43 am

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Shoshanna Solomon was The Times of Israel's Startups and Business reporter

Jon Medved at the OurCrowd Summit (Courtesy)

OurCrowd, the Jerusalem-based equity crowdfunding platform, said Thursday that Alec Ellison, former vice chairman of Jefferies, LLC, and chairman of the Technology Investment Banking group, has joined the OurCrowd advisory board.

Prior to Jefferies, Ellison, who holds a BA from Yale and an MBA from Harvard, was president of Broadview International, later acquired by Jefferies. He began his banking career at Morgan Stanley.

“With nearly 30 years on Wall Street, Alec’s insight and experience in the technology and financial services industries will be of immense value as we continue to grow OurCrowd,” OurCrowd CEO Jon Medved said in a statement. “Our firm continues to scale up, and our partnerships and work with world-class financial institutions are key to driving the current growth.”

Ellison’s addition to the advisory board “further strengthens our future,” he said.

Alec Ellison joins OurCrowd advisory board (Courtesy)

“OurCrowd is effectively pioneering a new investment model and helping startups grow their businesses,” Alec Ellison said in the statement.

Founded in 2013, OurCrowd has a portfolio of over 100 companies and funds and a community of almost 15,000 investors from over 110 countries that have invested over $300 million into its portfolio. To date, OurCrowd has had nine exits: two IPOs and seven acquisitions.