OurCrowd, Israel’s leading global investment platform and most active venture investor, announced the launch of its 13th office worldwide in Sao Paulo, Brazil last week to tap into the “next key region for innovation.” The announcement was made at an OurCrowd event in the city, Brazil’s most populous.

“We foresee a huge increase of venture capital investments in the Latam [Latin America] region in the coming years,” said OurCrowd CEO Jon Medved in a speech to investors, startup companies, media and key players from the region’s startup scene at the OurCrowd Sync: Sao Paulo 2019 conference last week. His comments were released in a statement to the press.

“Israel is going to have $8 billion invested in venture capital by the end of the year, while an entire continent like Latam has $2 billion. This is an opportunity and the place to invest in,” Medved continued. “That is why our newest office will be right here in Sao Paulo. That $2 billion is also going to be $8 billion or much more in the next couple of years.”

The Sao Paolo event was the first in a series of major global events for OurCrowd with plans to host conferences in the US and India in the coming year, according to the statement. OurCrowd hosts the annual Global Investor Summit in Jerusalem every year, an event that draws thousands of participants and is considered the largest tech and innovation event in Israel.

OurCrowd has a number of offices in Israel as well as offices in London, Madrid, Toronto, New York, San Diego, Singapore, Sydney, and Hong Kong.

The organization won a number of recognitions in recent years, including being named the most active venture investor in Israel by PitchBook Data, and being listed as one of Fintech 100’s Leading Global Fintech Innovators for the fifth consecutive year in 2018.

Since its founding in 2013, OurCrowd says it raised over a $1 billion for 180 portfolio companies – 29 of which achieved exits – and 18 funds. In 2018 alone, 11 of OurCrowd’s portfolio companies exited, notably Corephotonics’ acquisition by Samsung; Jump Bikes’ acquisition by Uber; Invertex’s acquisition by Nike; BriefCam’s acquisition by Canon; MST’s acquisition by TransEnterix; and NooBaa’s acquisition by Red Hat Inc./IBM.

OurCrowd says its network consists of 37,000 registered investors from over 180 countries with a primary investor base in the United States, followed by Asia.

https://nocamels.com/2019/10/ourcrowd-sao-paolo-office-innovation/

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