Singapore's UOB partners with Israel's OurCrowd to boost Asian start-ups

Singapore's United Overseas Bank said it would invest $10 million in Israel-headquartered crowdfunding platform.

March 7, 2016 15:24
Jonathan Medved Nir Barkat

Jonathan Medved with Jerusalem Mayor Nir Barkat at the OurCrowd Global Investor Summit in Jerusalem in December.. (photo credit: OURCROWD)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

SINGAPORE - Singapore's United Overseas Bank said it would invest $10 million in Israel-headquartered crowdfunding platform OurCrowd as part of the companies' collaboration to help Asian start-ups raise equity funds.

UOB said the deal would allow accredited investors among its clients invest in OurCrowd's portfolio companies, adding the partnership would help address the funding gap for small and medium enterprises in southeast Asia.

Be the first to know - Join our Facebook page.

Sassoon Investment Corp, an investment holding company of Singapore-based Sassoon family known for building The Coffee Bean & Tea Leaf brand, will also be investing in OurCrowd's Asian expansion.

Crowdfunding is the practice of financing a project or venture by raising small amounts of money from many people, typically through the Internet. OurCrowd has invested over $200 million in 93 portfolio companies and has seen four exits since its 2013 launch.

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue