Dan Bennett

Venture capitalist OurCrowd goes on start-up funds drive

Israeli-based venture capital crowd-funding outfit OurCrowd has launched a major funding drive, aiming to raise $100 million from Australian investors in 2017.

OurCrowd MD Dan Bennett told The Australian the outfit receives about 150 applications from start-ups each month, including from Australia, and needs a hefty local investment to ensure the engagement level can continue.

He is specifically targeting private investors like family offices, high net worth individuals and institutions to co-invest in the platform, which takes a minimum $10,000 each from a pool of accredited investors and places it in hi-tech, high-growth firms.

“We’re giving them access to global venture capital deals alongside some of the best investors in the world including Menlo Park, Sequoia Ventures, Andreessen Horowitz and Peter Thiel,” he said.

Read the full article by David Swan at The Australian.