PwC Israel Collaborates with OurCrowd’s Israel Resilience Fund to Support Israel’s Tech Sector at Time of Crisis

• PwC Israel will provide business development, dedicated mentorship and other support to startups in the fund
• Israel Resilience Fund commitments from investors increase to $17 million, extends funding to 34 tech companies
• Fund aims to support 1,000+ startup jobs in Israel

PwC Israel and OurCrowd, Israel’s most active venture investor, today announced a strategic partnership by which PwC Israel will provide business support to portfolio companies in OurCrowd’s Israel Resilience Fund. OurCrowd also announced that commitment by investors to the fund had increased to $17 million, enabling it to increase funding from 8 to 34 startups, of which half are outside the existing OurCrowd portfolio.

“Amidst the current situation in the Israeli ecosystem, we are proud to collaborate with OurCrowd's Israel Resilience Fund which is dedicated to fund and support selected tech companies who are highly affected by the current war in Israel,” said Guy Preminger, Technology Leader at PwC Israel. “Our involvement in the program is focused on helping the portfolio companies with their business development and fundraising efforts in Israel and abroad; connections to a large pool of finance executives, who are committed to support the companies; dedicated mentorship from our experts; and more.”

“The Israel Resilience Fund now has $17 million in commitments from investors, and 34 Israeli startups have been approved for investment, representing over 1,000 jobs in Israel,” said Jon Medved, Founder and CEO of OurCrowd. “The fund, launched in November 2023, is a pioneering initiative that is investing in Israeli startups impacted by the ongoing war in Israel. OurCrowd is waiving all management fees and carried interest, in a move which will further strengthen investors’ financial return.”

Jeff Kupietzky, Operating Partner of the Israel Resilience Fund, said: “This collaboration with PwC Israel will further support the Resilience Fund’s portfolio companies which are managing to forge ahead with their business operations despite intense pressure. The expert advice and mentorship from PwC Israel and its partners will help these startups to continue to grow, directly benefiting hundreds of employees and positively impacting the Israeli economy at this critical moment.”

PwC Israel is a part of the PwC global network, a leading professional services firm, which addresses the needs and requirements of clients operating in both local and global markets. PwC Israel provides Assurance, Tax consulting and a wide range of Advisory services to a broad spectrum of companies in the hightech sector, from startups to large, mature multinationals, from inception through IPO or M&A, using PwC’s industry-wide relationships and expertise.

For more information on the Israel Resilience Fund visit: https://www.ourcrowd.com/companies/israel-resilience-fund

About OurCrowd: OurCrowd is the online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage. Acclaimed by PitchBook as the most active venture investor in Israel every year since 2013, OurCrowd vets and selects companies across all sectors and stages, invests its own capital, and provides its global platform of over 230,000 registered members from 195 countries with unparalleled access and freedom to co-invest from as little as $10,000 in the companies of their choice.

Founded by CEO Jon Medved in 2013 with the vision of democratizing world-class venture capital investing, OurCrowd has grown rapidly into the world’s leading online venture investing platform and as of 2024 has over $2.3 billion in commitments, and deployed capital into more than 440 portfolio companies and 56 funds across five continents. To date, OurCrowd’s startups have recorded 63 exits including several public market listings: Beyond Meat (BYND), Lemonade (LMND), Innoviz (INVZ), Arbe (ARBE), Alpha Tau (DRTS), Freightos (CRGO); and numerous high-profile acquisitions: JUMP by Uber, BriefCam by Canon, Argus by Continental, Crosswise by Oracle, Replay by Intel, Corephotonics by Samsung, CyberX by Microsoft, and Kenna Security by Cisco.

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. For more information visit: www.ourcrowd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240319551401/en/