OurCrowd, an equity crowdfunding (ECF) platform with roots in Singapore and Israel, has formed a strategic partnership with Cardumen Capital, a Spanish-Israeli venture capital fund focused on deep tech startup investments.
The fund, authorised by the Spanish Securities Market Commission (CNMV) is led by former head of Samsung Ventures Israel, Gonzalo Martinez de Azagra, known for investments such as PrimeSense (acquired by Apple), Replay Technologies (acquired by Intel), and Corephotonics.
This partnership is part of a growing group of global alliances announced by OurCrowd recently, such as: United Overseas Bank Limited (UOB) in Singapore, The National Australia Bank (NAB) in Australia, The Shanghai Commercial & Savings Bank (SCSB) in Taiwan, Reliance Private Client in India and Innogy SE in Germany.
“Spanish investors will now have the opportunity to focus on investing in Israeli companies, building ties between Israeli and Spanish technologies,” said OurCrowd CEO Jon Medved.
“We are excited for this new chapter in Spanish Israel relations,” said Cardumen Co-Founder and Managing General Partner, Gonzalo Martinez de Azagra.
“Together with OurCrowd, we are building a global community with an experienced team led by leading venture capitalists. Our bilateral fund will invest in pure high-tech companies, as we did at Samsung Ventures, and give access to institutional and corporate investors to these unique opportunities.”
OurCrowd vets and selects opportunities where it invests its own capital and brings companies to its membership base of accredited investors. Additionally, it provides post-investment support to its portfolio companies, assigns industry experts as mentors, and takes board seats.
To date, its investor community has grown to almost 20,000 investors from 112 countries, with the platform investing in excess of $450 million into 120 portfolio firms and funds.