OurCrowd, an Israeli equity crowdfunding platform, announced it has opened an office in Singapore.
We remind you that earlier this year it obtained a full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) after partnering with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region.
The Singapore office is the seventh international office of OurCrowd and will serve the growing community of Asian investors interested in funding early stage high-growth companies.
“Asia is one of our fastest growing markets and following our launch in Singapore, we will be looking to take OurCrowd further into the ASEAN market,” said OurCrowd CEO Jon Medved. “Our business in Asia has grown five times since 2014, both in terms of the number of investors on the platform and investment dollars committed on our platform.
In Medved’s words funding from Asian investors is over half of the funding recently invested on OurCrowd’s platform.
Since its launch in 2013, OurCrowd has invested in 100 portfolio companies and funds on its platform and the investment exceeds $320 million. It has a “crowd” of 16 000 accredited investors.