JERUSALEM, Jan. 31 (Xinhua) -- The Israel-based OurCrowd, a leading global equity crowdfunding platform, announced Wednesday that it has raised 650 million U.S. dollars for 145 startup companies and 12 funds since its inception in 2013.
OurCrowd projects that during 2018, it will surpass over 1 billion dollars in assets under management, raised via equity crowdfunding from accredited investors.
Now they are focused on how to reinvent themselves again to innovate new ways that they can democratize and expand access to investments in start-ups and venture funds, said Jon Medved, CEO of OurCrowd, at the briefing held in Jerusalem.
During 2017, OurCrowd's investor base grew to encompass over 25,000 registered investors from 112 countries, and opened three new offices in London, Hong Kong and Madrid, bringing the total to 10 offices worldwide.
Geographically, the company's primary investor base remains the United States, accounting for 49 percent, followed by Asia with a proportion of 26 percent.
The average number of investments made by individuals was 6.5, with an average portfolio size of 250,000 dollars.
With regard to the Chinese market, Medved said the market is very important to them and they have a long-term involvement strategy in the market.
OurCrowd has now launched 12 different venture funds, enabling the crowd to invest in a previously inaccessible asset class.
These funds include the recently launched 100 million dollars AI focused Cognitiv, the Qure digital health fund, the European-focused Oxx Fund, and Maniv Mobility.
In addition, OurCrowd announced its Labs/02 seed stage incubator will invest in up to 100 early stage companies over the next 10 years.
The 2018 OurCrowd Global Investor Summit will be held on Feb. 1 as the largest equity crowdfunding event in the world.
The event will bring together corporate partners like GE, Honda, DuPont, Samsung, and more, along with entrepreneurs, global delegations and industry leaders all over the world.