OurCrowd Receives $60M Investment from Orix
OurCrowd, an Israel-based venture investing platform, received a $60m investment from financial services company Orix Corporation (TSE: 8591; NYSE: IX). This deal represents Orix’ first collaboration with Israel’s startup sector, with OurCrowd planning to provide the company with access to a wide variety of innovative technologies and companies. Under the terms of the agreement, Orix and OurCrowd will collaborate in agreed focus areas and will establish financial products and investment opportunities suited for the Japanese and global markets. This will include curated access to both venture capital funds and individual portfolio companies on a deal-by-deal basis. Nomura International plc acted as Adviser to OurCrowd in connection with the transaction.