OurCrowd launches resilience fund to help Israeli startups
The global investor will deploy capital into companies that are being impacted by the ongoing war
Leading global investment platform OurCrowd has launched a Resilience Fund to support its Israel-based portfolio companies that are being impacted by the war.
The Israel Resilience Fund will also will focus on Israeli pipeline companies, including incubator ones, that are negatively impacted by the ongoing crisis, and/or produce technologies relevant to addressing problems arising from the current situation.
OurCrowd, considered to be the most active tech investor in Israel, is waiving all management fees and carried interest for all investments in the fund.
Its founder and CEO Jon Medved, said: “We have launched the Israel Resilience Fund so investors can support Israel in its time of need by investing in the country’s critical tech ecosystem, strengthening startups and employment during time of crisis.”
According to the company’s website, Israel’s tech sector employs more than 14 per cent of all workers in Israel, produces over 18 per cent of Israel’s GDP and contributes about 50 per cent of Israel’s exports.
It says: “Israeli startups are impacted by the war triggered by Hamas’ murderous attacks but most are resilient and continuing operations. However, Israel’s economy both now and in the future will suffer greatly if it loses a significant number of early-stage companies, which are particularly susceptible following a challenging period in the market and a global downturn in venture funding.”
Prominent tech entrepreneur and Israel’s former science and technology minister, Izhar Shay, whose son Yaron was killed during the 7 October terror attacks by Hamas, has joined the fund’s advisory board.
He said: “You want to invest in Israeli innovation because you want to make money. The second motivation is that we are doing the right thing. You also want to make your investments to provide for a better world. Our response to destruction and atrocities and inhumanity is building and innovating and providing solutions and opportunities for a better world.”
www.ourcrowd.com/companies/israel-resilience-fund
Thank you for helping to make Jewish News the leading source of news and opinion for the UK Jewish community. Today we're asking for your invaluable help to continue putting our community first in everything we do.
For as little as £5 a month you can help sustain the vital work we do in celebrating and standing up for Jewish life in Britain.
Jewish News holds our community together and keeps us connected. Like a synagogue, it’s where people turn to feel part of something bigger. It also proudly shows the rest of Britain the vibrancy and rich culture of modern Jewish life.
You can make a quick and easy one-off or monthly contribution of £5, £10, £20 or any other sum you’re comfortable with.
100% of your donation will help us continue celebrating our community, in all its dynamic diversity...
Engaging
Being a community platform means so much more than producing a newspaper and website. One of our proudest roles is media partnering with our invaluable charities to amplify the outstanding work they do to help us all.
Celebrating
There’s no shortage of oys in the world but Jewish News takes every opportunity to celebrate the joys too, through projects like Night of Heroes, 40 Under 40 and other compelling countdowns that make the community kvell with pride.
Pioneering
In the first collaboration between media outlets from different faiths, Jewish News worked with British Muslim TV and Church Times to produce a list of young activists leading the way on interfaith understanding.
Campaigning
Royal Mail issued a stamp honouring Holocaust hero Sir Nicholas Winton after a Jewish News campaign attracted more than 100,000 backers. Jewish Newsalso produces special editions of the paper highlighting pressing issues including mental health and Holocaust remembrance.
Easy access
In an age when news is readily accessible, Jewish News provides high-quality content free online and offline, removing any financial barriers to connecting people.
Voice of our community to wider society
The Jewish News team regularly appears on TV, radio and on the pages of the national press to comment on stories about the Jewish community. Easy access to the paper on the streets of London also means Jewish News provides an invaluable window into the community for the country at large.
We hope you agree all this is worth preserving.
