First 8 Investments Made by OurCrowd from Israel Resilience Fund
Israeli investment platform OurCrowd today announced that it now has $13 million in capital commitments for its $50 million Israel Resilience Fund, a fund the organization launched shortly after the Israel-Hamas war began to support startups that were impacted by the war or were developing solutions to Israel’s immediate needs.
OurCrowd plans to raise a total of $50 million for the fund, which doesn’t charge management fees nor carried interest.
“Startups do not know when international investors will resume investing in Israeli startups as they wait for the conflict to subside.
Additionally, companies face operational challenges with key personnel called up to the military reserves, while evacuations and rocket fire pose a challenge to daily business operations.
Companies resiliently continue, yet many need financing to extend runways through the crisis and power their ultimate success,” he said.
