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LetsVenture partners with Israeli equity crowdsourcing fund OurCrowd
Bengaluru-based crowd funding platform, LetsVenture has entered into a strategic partnership with the Israeli equity crowdsourcing fund OurCrowd to open up opportunities in the startup ecosystems they each operate in.
Under this strategic partnership, OurCrowd will offer curated deals to Indian investor syndicates managed by the Indian firm, while LetsVenture will facilitate go-to-market activities for OurCrowd’s portfolio companies to access the Indian market, starting from 2018.
Commenting on the partnership, Shanti Mohan, Co-Founder & CEO, LetsVenture said, “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.”
Furthermore, OurCrowd and LetsVenture will set up India Fund to invest in Israeli, Indian and global startups. The investment into this fund would primarily be from family funds and high-net-worth individuals in India and OurCrowd’s global network of accredited investors. Although the size of the India Fund has not been decided yet, it will invest in at least two dozen startups addressing the Indian market.
“India is a critical growth market for our business with a huge number of very exciting startup investment opportunities in a range of sectors. I am excited to be entering into this collaboration with LetsVenture, which I believe will deliver great value to our investors,” said Jon Medved, CEO of OurCrowd.
OurCrowd has been extremely bullish on the Asian market. The platform has around 20,000 investors from over 112 countries that have invested over $450 million into 120 portfolio companies and funds. OurCrowd expects almost a third of the deals to come from the region in the next few years.
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