CPE News (12/8/2020) – OurCrowd has launched the fourth series in its flagship portfolio index fund, OC50.
The fund will be available to Canadian individual investors with “unprecedented low minimum contributions and the ability to invest from their registered savings accounts, opening the doors for thousands of accredited investors to enter the potentially lucrative world of VC investing.”
OurCrowd’s OC50 was created as a hyper-diversified investment vehicle and offer investors access to highly-vetted startups across a variety of sectors, stages and geographies, enabling investors to participate in the next 50 OurCrowd investment opportunities.
OurCrowd has been raising money from accredited investors by way of special purpose vehicles (SPVs) investing individual companies.
According CPE Analytics, Canada’s all private capital and public financing intelligence provider, OurCrowd has raised $1.3 million in SPV BVI limited partnerships since January 2020.
Jerusalem, Israel based OurCrowd is a global venture investment platform that empowers institutions and individuals to invest and engage in emerging companies.
photo credit: OurCrowd
OurCrowd Launches the First Venture Capital Fund Accessible to Small Investors in Canada
OC50 Series IV Fund brings VC investing to broad range of accredited investors, with industry-lowest contributions, eligible for RRSP and TFSA
December 08, 2020 08:45 AM Eastern Standard Time
TORONTO & JERUSALEM–(BUSINESS WIRE)–OurCrowd, one of the world’s largest global venture investing platforms, has announced that the fourth series in its flagship portfolio index fund, OC50, will be available to individual investors in Canada with unprecedented low minimum contributions and the ability to invest from their registered savings accounts, opening the doors for thousands of accredited investors to enter the potentially lucrative world of VC investing.
“OurCrowd is democratizing access to the critical venture capital asset class. The kind of investments that used to be reserved exclusively for billionaires and well connected financial institutions, are now available to all accredited Canadian investors through the OC 50 Fund,” says OurCrowd Vice President, Investor Relations, David Shore. “Additionally, because we want Canadians to be able to maximize the full long-term value of this investment, we have structured the Fund to ensure it is RRSP and TFSA eligible.”
For the past two decades, an influx of seed and growth capital has resulted in private companies delaying their IPOs until much later in their lifecycle, significantly limiting potential returns once they are public. Moreover, the majority of companies are foregoing IPOs altogether and capitalizing on their market value through M&A exits, shutting the doors on frustrated would-be investors.
“OurCrowd is changing the VC game by creating a product that will significantly increase access to this asset category for more Canadians,” says OurCrowd CEO Jon Medved. “For the first time, individual accredited investors can invest small amounts in a private venture fund that counted as two of its recent investments among the top performing IPO’s of 2019 and 2020, Beyond Meat and Lemonade.”
OurCrowd’s OC50 was created as a hyper-diversified investment vehicle to break open the gates and offer more investors access to highly-vetted startups across a variety of sectors, stages and geographies, enabling investors to participate in the next 50 OurCrowd investment opportunities across a spectrum of today’s most dynamic growth industries, including healthcare technology, transportation, agriculture, communication, enterprise, robotics and AI.
Through the first three series of the OC50 Fund, investors have benefited from OurCrowd companies entering the public equity markets – such as food company Beyond Meat and insurance provider Lemonade — or attracting takeovers by companies like Vimeo, H&R Block, Uber, and NetApp.
The original OC50 Series I Fund launched in 2017. Six companies in the fund have completed exits, generating on average 2.3 times gross return on invested capital as of the end of Q3 2020*.
Investors looking to capitalize on this opportunity can contact their financial advisor or visit OurCrowd OC50 IV. Financial advisors can learn more about how they can offer RRSP/TFSA-eligible VC investing to their clients by clicking HERE.
*Note: Nothing contained in and accompanying this communication shall be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security by OurCrowd, its portfolio companies or any third party. Information regarding OurCrowd’s limited partnerships and/or portfolio companies and the investment opportunities on OurCrowd’s website is intended and available for accredited investors only (criteria at http://www.ourcrowd.com/). OurCrowd urges potential investors to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice.
Please be aware that investments in early stage companies or in venture capital funds contains a high level of risk and you should consider this prior to making any investment decisions. Past performance is not indicative of future results.
About OurCrowd: OurCrowd is a global venture investment platform that empowers institutions and individuals to invest and engage in emerging companies. Rated by PitchBook as the most active venture investor in Israel, OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. With $1.5 billion of committed funding, and investments in more than 220 portfolio companies and 22 venture funds, OurCrowd offers access to its membership of almost 60,000 individual accredited and institutional investors, family offices, and venture capital partners from over 183 countries to invest alongside, at the same terms. OurCrowd’s portfolio is diversified across sectors and stages, ranging from seed and series A through late stage and pre-IPO firms. OurCrowd portfolio companies have been acquired by some of the most prestigious brands in the world, including Microsoft, Uber, Canon, Oracle, Nike, and Intel. To register and get involved, visit http://www.ourcrowd.com/. OurCrowd operates in Canada through OurCrowd Canada Inc., an exempt market dealer registered in the Provinces of Ontario, British Colombia, Alberta, Manitoba, Quebec and Nova Scotia.
For Press Materials: https://blog.ourcrowd.com/VCFUNDCANADA/
David Shore, OurCrowd Vice President, Investor Relations