June 27, 2017
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min Read

LetsVenture and OurCrowd join forces in India-Israel Partnership

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LetsVenture, India’s largest marketplace for startup funding, announced today that it has signed a strategic collaboration agreement with OurCrowd, a global leader in equity crowdfunding, based in Israel.

The partnership will focus on 3 key areas.

  • India Investors SyndicateIndian investors will be able to invest into Israel via OurCrowd. OurCrowd will offer curated deals to Indian syndicates who will be able to invest via LetsVenture platform.
  • Indian Start-ups showcaseOurCrowd will work with LetsVenture to showcase select Indian start-ups on OurCrowd platform. This will give selected Indian startups access to accredited investors globally (not just in Israel) and access to business development opportunities/connections.
  • India FundBoth platforms will launch an India Fund to invest in Israeli,Indian and global startups with startup sourcing from startups on both platforms. The investment into this fund would primarily be from family funds/HNWI in India and OurCrowd’s global network of accredited investors.

In addition to this LetsVenture will facilitate 'Go to Market' activities for OurCrowd's portfolio companies to access the Indian market, which activities are under development by LV and are targeted to commence in 2018.LetsVenture started with the vision of making startup funding easy in India - funding one startup at a time. Over the last 4 years the platform has achieved product market fit in the angel investing space, having funded 105 startups and raised 42 million. The process is now repeatable and predictable with a powerful tech enabled platform that provides personalised recommendations, stealth access and analytics on syndicates. The machine learning based, neural network intelligence extends to the mobile app for investors and startups to connect, and chat on the go.

“Having made Startup Funding Easy, our vision is to make angel investing easy with a focus on portfolio management (improving odds of success via startup reporting, portfolio diversification and exits). The partnership with OurCrowd aligns with our vision of offering our investors access to some of the best startups across geographies including Israel, along with giving LetsVenture portfolio companies access to global investors for their next round of funding. With the partnership with one of the largest equity crowdfunding platforms globally, we do believe this is a win-win for both of us" said Shanti Mohan, Co-Founder & CEO, LetsVenture.Commenting on the announcement, Jon Medved, OurCrowd CEO, said: “India is a critical growth market for our business with a huge number of very exciting startup investment opportunities in a range of sectors. Israel and India have a great joint heritage sharing many of the same entrepreneurial qualities that are the backbone of our economies. I am extremely excited to be entering into this collaboration with LetsVenture, which will deliver great value to our investors.”Elias Ghosalkar, Director of Corporate Development at OurCrowd, said: “OurCrowd, with its strong global presence and established industry leadership is well poised to support the Indian start-up eco-system and its stakeholders via its strategic collaboration with LetsVenture. This strategic collaboration helps build much needed bridges between the Israeli and Indian startup ecosystems, and opens the doors to tapping into high growth potential synergies. Indian investors, startups and corporates gain access to global expertise, know-how and innovation via the OurCrowd network which will truly help put ‘StartUp India initiative’ on a fast track and further strengthen the economic linkages between Israel and India.”

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About OurCrowd: OurCrowd is the leading global equity crowdfunding platform for accredited investors. Managed by a team of seasoned investment professionals and led by serial entrepreneur Jon Medved, OurCrowd vets and selects opportunities, invests its own capital, and brings companies to its accredited membership of global investors. OurCrowd provides post-investment support to its portfolio companies, assigns industry experts as mentors, and takes board seats. The OurCrowd community of almost 20,000 investors from over 112 countries has invested over $440M into 120 portfolio companies and funds. OurCrowd already has thirteen exits to date, two IPO’s and eleven acquisitions. To join OurCrowd as an accredited investor visit http://www.ourcrowd.com and click “Join.”About LetsVenture: Founded in 2013, LetsVenture enables startups and investors to discover and connect with each other to make the process of fund raise easy, efficient and transparent. There are 12000+ startups,2200+ global angels, and 200+ venture funds and corporates on the platform. LetsVenture works with startups and investors on discovery, syndication and closure. This involves managing due diligence and paperwork closure. LetsVenture has enabled more than 105 startups to raise over $42mn. LetsVenture also helps startups funded on LetsVenture with customer connects and benchmarking for downstream investments.As part of making fund-raising easy and transparent, LetsVenture open sourced all documents startup related, from Founders agreement, advisory and esop agreements, to term sheet, SHA and SSA, in order to support the drive towards informed governance. You can download them here.

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