Japan-based financial services group ORIX Corporation announced today that it has made a strategic investment of $ 60 million in the Israeli crowdsourcing platform OurCrowd. In return, the crowdfunding platform gives the company access to its startup network. Our crowd In addition, the two groups will work together to create financial products and investment opportunities for the Japanese and global markets, including access to its venture funds and certain companies in the OurCrowd portfolio.
"ORIX is a global leader in diversified business and financial services that will empower OurCrowd in many ways, ”said Jon Medved, CEO of OurCrowd, in today's announcement. "We are excited about the potential to work together to further transform the venture capital asset class and to build a strong bridge to the key Asian markets for our innovative companies."
While ORIX already operates in 37 countries, including the US, this is the company's first investment in Israel. It comes at a time when Japanese investment in Israel is already skyrocketing. For example, Israel's flagship El Al wanted to launch direct flights to Tokyo earlier this year. While the pandemic canceled those plans, it is a clear sign of the growing business relationship between the two countries.
"We are excited to invest in OurCrowd, Israel's most active venture investor and one of the most innovative venture capital platforms in the world," said Kiyoshi Habiro, CEO of ORIX UK. "We intend to be active partners in OurCrowd, helping them accelerate their already impressive growth while bringing the best of Israeli technology to Japan's vast industrial and financial sectors."
To date, OurCrowd has invested in 220 companies in 22 funds. Beyond Meat is one of the most successful exits and lemonade, JUMP Bike, Briefcam and Argus. ORIX also has a very diverse portfolio with investments ranging from real estate to banking and energy services.