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Crowdfunding Platform to Raise $100m for Tech Investments

 2 min read / 

Crowdfunding investment platform OurCrowd is raising a $100m fund to finance tech-based companies focusing on artificial intelligence, deep learning and robotics.

Unlike popular AngelList that serves as a destination for startups seeking capital or Kickstarter which crowdfunds donations in return for a reward, the Jerusalem-based firm is more conventional – vetting deals and investing in companies alongside its users.

Jon Medved, chief executive officer and co-founder of OurCrowd, is seeking early-stage companies, and has stated:

“Everyone is running scared from disruption, and the disruption that is coming is artificial intelligence.”

The new fund, Cognitiv Ventures, is OurCrowd’s largest since starting in 2013 and the 12th launch on the platform.

About 20 companies will have access including KolGene, which produces real-time analytics on genetic tests, FreshKeep, which helps to extend the life of refrigerated food, and EquityX, which helps startups pay part-time employees with a cash and equity combination.

OurCrowd has a community of more than 20,000 investors from over 112 countries. It aims to widen the number of startup investors by allowing accredited financiers such as United Overseas Bank to inject as little as $50,000 in its funds, or as little as $10,000 into a single company.

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