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LetsVenture now into Israel's OurCrowd funding network

This will allow its network of Indian investors to access global deals and the startups on its platform to reach out to the Jerusalem-ba ed equity crowdfunding platform's 20,000 foreign investors.

, ET Bureau|
Updated: Jun 27, 2017, 09.01 AM IST
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"Our vision is to make angel investing easy -which also includes providing portfolio diversification to our investors and providing them access to invest into some of the best startups globally," Mohan said.
"Our vision is to make angel investing easy -which also includes providing portfolio diversification to our investors and providing them access to invest into some of the best startups globally," Mohan said.
BENGALURU: Bengaluru-based crowdfunding platform LetsVenture has entered into a partnership with Israel's OurCrowd.

This will allow its network of Indian investors to access global deals and the startups on its platform to reach out to the Jerusalem-based equity crowdfunding platform's 20,000 foreign investors.

The two partners also plan to set up an 'India Fund' through family offices and high net worth individuals in the ir networks. ET had reported in December 2016 that the Israeli platform was in talks with LetsVenture to explore a partnership.

"While the startup scene in India is impressive, many are still focused on the Indian market, compared to Israeli startups, which look to go global right from the start," said OurCrowd CEO Jon Medved. "This partnership will help Indian startups access global funding and opportunities, and will offer curated deals to Indian investor syndicates managed by LetsVenture."

Although the size of the India Fund has not been decided yet, it will invest in at least two dozen startups addressing the Indian market, Medved said. LetsVenture CEO Shanti Mohan said, "The intent of doing this (fund) is to launch partner funds on LetsVenture to deploy startups on the platform."

LetsVenture will also facilitate go-to-market activities for OurCrowd's portfolio companies to access the Indian market, starting 2018. This will entail bringing Israeli startups' innovation in areas such as agrotech, banking, defence and deep tech to a large market like India.

"Our vision is to make angel investing easy -which also includes providing portfolio diversification to our investors and providing them access to invest into some of the best startups globally," Mohan said.

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