Israeli crowdfunding platform OurCrowd expands to Portugal

• Date: 06 December 2020
• Author: ZACHARY KEYSER
• Published date: 06 December 2020
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

"Lisbon is ranked as one of Europe's innovation hotspots and startup hubs to watch," said OurCrowd CEO John Medved. "The city has a booming innovation scene and we look forward to investing in the latest technologies the ecosystem has to offer."

UnderRock's Managing Partner Miguel Horta e Costa will be spearheading the initiative, which will offer selected investment opportunities in Israel to Portuguese investors and further open up the market within the Iberian Peninsula for Israeli start-ups.

"Lisbon is one of the fastest-growing tech hubs in Europe, with innovative startups in fintech, production planning and artificial intelligence," said Horta e Costa. "The arrival of OurCrowd is a unique opportunity for value creation in the Portuguese market as a whole, whilst building ties between Israeli and Portuguese technologies."

While Horta e Costa will lead the new partnership, chairman of the Madrid-based EXCEM David Hatchwell will continue to head Iberian operations.

"We look forward to building on the success of our Spanish operations, which have grown rapidly since 2017," said Hatchwell. "The tech ecosystem in Spain and Portugal is home to a fast-growing crop of startups that are of great potential interest to OurCrowd's 58,000 investors around the world...