OurCrowd opens Herzliya branch to tap into more opportunities

Since its founding in 2013, VC crowdfunding platform has invested over $230 million in nearly 100 companies

By Shoshanna Solomon

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27 June 2016, 4:59 pm Edit

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

OurCrowd CEO Jon Medved inaugurates the company's Herzliya office, June 26, 2016. (Courtesy)

OurCrowd, the Jerusalem-based VC equity crowdfunding platform, has opened an office in Herzliya that will be responsible for the firm’s engineering and product development.

The offices will house several OurCrowd fund management teams and also host weekly presentations for foreign delegations and international firms seeking a closer look at the innovation and investment activity in Israel, the fund said in a statement.

Herzliya, which will be Ourcrowd’s second office in Israel, is “one of the most active hotbeds for innovative enterprises,” OurCrowd founder and CEO Jon Medved said. Herzliya will bring the company closer to many of its local portfolio companies and make it “even better placed to seek out exciting investment opportunities.”

Since its founding in 2013, OurCrowd has grown to over 100 employees worldwide and nearly 100 portfolio companies, with over $230 million invested and several exits of companies it has funded.

A reception on Sunday to celebrate the opening of its Herzliya branch was attended by nearly 200 people from the tech, VC, and investment community, including Battery Ventures, GE, Canaan Partners, Microsoft, and others, as well as several portfolio companies, including Nanorep, Pixie, and Splacer, who made short presentations during the event.