[June 26, 2017] |
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LetsVenture and OurCrowd Join Forces in Strategic India-Israel Partnership
OurCrowd, a global leader in equity crowdfunding, today announced that
it has signed a strategic collaboration agreement with LetsVenture,
India's largest marketplace for startup funding.
As part of this partnership, OurCrowd will offer curated deals to Indian
investor syndicates managed by LetsVenture, as well as showcase Indian
startups on OurCrowd's platform, giving selected Indian startups access
to accredited investors globally and to business development
opportunities.
OurCrowd and LetsVenture will be also be collaborating on an 'India
Fund' to invest in Israeli, Indian and global startups. The investment
into this fund would primarily be from family funds and HNWIs in India
and OurCrowd's global network of accredited investors.
Leveraging LetsVenture's domestic network, OurCrowd will offer Indian
corporates access to the Israeli innovation ecosystem.
"Having made startup funding easy, our vision is to make angel investing
easy with a focus on portfolio management (startup reporting, portfolio
diversification and exits). The partnership with OurCrowd aligns with
our vision of offering our investors access to some of the best startups
across geographies including Israel, along with giving LetsVenture
portfolio companies access to global investors for their next round of
funding. In this partnership with one of the largest equity crowdfunding
platforms globally, we do believe this is a win-win for both of us,"
said Shanti Mohan, Co-Founder & CEO, LetsVenture.
In addition to this, LetsVenture will facilitate 'Take to Market'
activities for OurCrowd's portfolio companies to access the Indian
market, the activities of which are under development by LetsVenture and
are targeted to commence in 2018.
Commenting on the announcement, Jon Medved (News - Alert), OurCrowd CEO, said: "India
is a critical growth market for our business with a huge number of very
exciting startup investment opportunities in a range of sectors. Israel
and India have a great joint heritage sharing many of the same
entrepreneurial qalities that are the backbone of our economies. I am
excited to be entering into this collaboration with LetsVenture, which I
believe will deliver great value to our investors."
Elias Ghosalkar, Director of Corporate Development at OurCrowd, said:
"OurCrowd, with its strong global presence and established industry
leadership is well poised to support the Indian startup eco-system and
its stakeholders via its strategic collaboration with LetsVenture. This
strategic collaboration helps build much needed bridges between the
Israeli and Indian startup ecosystems, and opens the doors to tapping
into high growth potential synergies. Indian investors, startups and
corporates gain access to global expertise, know-how and innovation via
the OurCrowd network, which will truly help put the 'Startup India
initiative' on a fast track and further strengthen the economic linkages
between Israel and India."
Notes to Editors -
About OurCrowd: OurCrowd is the leading global equity
crowdfunding platform for accredited investors. Managed by a team of
seasoned investment professionals and led by serial entrepreneur Jon
Medved, OurCrowd vets and selects opportunities, invests its own
capital, and brings companies to its accredited membership of global
investors. OurCrowd provides post-investment support to its portfolio
companies, assigns industry experts as mentors, and takes board seats.
The OurCrowd community of almost 20,000 investors from over 112
countries has invested over $450M into 120 portfolio companies and
funds. OurCrowd already has thirteen exits to date, two IPO's and eleven
acquisitions. To join OurCrowd as an accredited investor visit http://www.ourcrowd.com
and click "Join."
About LetsVenture: LetsVenture was founded with the vision of
making startup funding easy in India - funding one startup at a time.
Over the last 4 years LetsVenture has enabled 105 startups raise 42 M
USD online. Supported by a powerful tech enabled platform LetsVenture
provides personalized recommendations, stealth access and analytics on
syndicates. The machine learning based, neural network intelligence
extends to the mobile app for investors and startups to connect, and
chat on the go.
As part of making fund-raising easy and transparent, LetsVenture open
sourced all documents startup related, from Founders agreement, advisory
and esop agreements, to term sheet, SHA and SSA, in order to support the
drive towards informed governance. You can download them here.
For more information: https://letsventure.com
For Press Materials: http://blog.ourcrowd.com/LV
View source version on businesswire.com: http://www.businesswire.com/news/home/20170626005686/en/
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