Jan. 14, 2019
OurCrowd announced a new partnership agreement with Korea's KEB Hana, where the bank will make an portfolio investment and partner with the Jerusalem-based crowdfunding platform to pursue opportunities with major Korean firms seeking technology solutions, according to a company release.
"We are delighted to welcome KEB Hana to a front seat at the table, as we provide diversification of venture capital opportunities across the globe to the bank, and ultimately to a wide audience of impressive corporations and accredited investors in South Korea," Jon Medved, chief executive of OurCrowd, said in the announcement.
"This latest step forward, in addition to the partnerships we have established in Korea, will help leverage incredible commercial potential as we deepen the interface between the two countries' industrial collaborations in various high-tech fields."
OurCrowd noted that last year the company, along with its incubator unit Labs/02, signed an agreement with Korean venture capital firms DTNI and Yozma Group Korea, in a partnership focused on supporting tech startups. OurCrowd said it plans to feature several South Korean startup firms on March 7 at the company's Global Investor Summit in Jerusalem.
The company has more than 30,000 investors from 150 countries and has more than $800 million invested in more than 170 portfolio companies and funds, according to the release. The company's other investments in Asia include Citic Pacific in Hong Kong, United Overseas Bank in Singapore and Reliance Private Client in India.
Topics: Financial News, Mobile Payments, Money Transfer / P2P, Region: APAC, Region: EMEA
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