OurCrowd Investment Platform has announced that it is the first Israeli venture capital firm to be approved and licensed by the Abu Dhabi Global Financial Center (ADGM) to operate in the UAE. It will operate a subsidiary Ltd. under the name OurCrowd Management (Arabia), Which will be known asOurCrowd Arabia. The company’s chairman is Dr. Sabah al-Binali.
“The recognition of the Abu Dhabi regulatory authorities will allow us to set up investment funds in the Abu Dhabi Financial Center and invest in technological start-ups and projects in the Emirates and throughout the region,” said Dr. al-Binali. And technology. ”
“Historical development, as a result of the Abrahamic Agreements, will enable OurCrowd not only to raise funds in the UAE but also to promote local start-ups in the UAE and throughout the region among our 160,000 investors worldwide and bring international investment to the UAE’s dynamic start-up ecosystem,” said G. Van Medved, Founder and CEO of OurCrowd. “This is a big step forward in the development of OurCrowd’s business operations in the UAE and it testifies to our long-term commitment to the Gulf region.”
“The Emirates International Financial Center (ADGM) is pleased to welcome OurCrowd, the first Israeli fund in the Emirates, to our expanding family, said Juma al-Hamli, Chief Strategy and Business Development Director of the Abu Dhabi International Financial Center.” We are encouraged that the Center Our finances are ourCrowd’s preferred target and the fulfillment of their growth aspirations. “
Since its inception in 2013, the investment platform OurCrowd has raised $ 1.8 billion in investment commitments across 280 portfolio companies and 30 funds, and has recorded about 50 exits, including: Beyond Meat and Lemonade’s NASDAQ IPOs, Uber’s acquisition of Jump Bike, The acquisition of Briefcam by Canon, the acquisition of Argus by Continental, the acquisition of Crosswise by Oracle, the acquisition of Corephotonics by Samsung, and the acquisition of CyberX by Microsoft.