Japan-based financial services group Orix Corporation announced today that it has made a $ 60 million strategic investment in Outerbro, Israel’s crowdsourcing platform. In return, the crowdfunding platform will provide access to its startup network. OurCrowd It also states that the two groups will collaborate to create financial products and investment opportunities for the Japanese and global market, including access to our venture funds and OurCrowd portfolio for specific companies.
“ORIX OurCrowd CEO John Medved said in today’s announcement that there is a global leader in diversified business and financial services that will strengthen OurCrowd in many ways. “We are excited about the ability to simultaneously transform the venture capital asset class and provide a strong bridge to our innovative companies in key corporate markets.”
While Orix is already operating in 37 countries including the US, this is the company’s first investment in Israel. This comes at a time when Japanese investment in Israel is already increasing. And earlier this year, Israel’s flag bearer, El Al, was about to start direct flights to Tokyo, for example, and when the epidemic canceled those plans, it was an extension of trade relations between the two countries. Is a clear indication.
“We are excited to invest in OurCrowd, Israel’s most active venture investor and one of the world’s most innovative venture capital platforms,” said Orix UK CEO Kiyoshi Habiro. “We want to be an active partner with OurCrowd and help accelerate their already impressive growth by bringing Israel’s best technology to Japan’s large industrial and financial sectors.”
So far, OurCrowd has invested in 220 companies in its 22 funds. Some of its most successful exits include Beyond Meat. And Lemonade, JUMP Bikes, Briefcams and Argus. Orix has a diversified portfolio with investments ranging from real estate to banking and energy services.