Japan’s Orix picks stake in Israeli venture investment firm OurCrowd for $60m

Photo from Flickr, Flazingo Photos

Israeli venture investment firm OurCrowd said on Thursday that Japanese leasing and financial services group Orix Corp has taken an undisclosed stake in the company with a strategic investment of $60 million.

This is Orix’s first collaboration with Israel’s startup sector, with OurCrowd aiming to provide Orix access to a wide variety of innovative technologies and companies, it said.

Under terms of the deal, Orix and OurCrowd will establish financial products and investment opportunities suited for the Japanese and global markets, including access to both venture capital funds and individual portfolio companies.

Japan-Israel trade has increased significantly in recent years. Japan has become one of the largest investors in Israeli tech, with more than 90 Japanese companies active in Israel, OurCrowd noted.

It said it will work with Orix to increase cooperation further between Israel and Japan and boost opportunities for Israeli startups throughout Asia.

“We intend to be active partners with OurCrowd and help them accelerate their already impressive growth, while bringing the best of Israeli tech to Japan’s large industrial and financial sectors,” Kiyoshi Habiro, CEO of Orix UK, said in a statement.

OurCrowd CEO Jon Medved said the deal has the potential to further transform the venture capital asset class and “provide a strong bridge for our innovative companies to the important Asian markets”.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.