Israeli venture platform OurCrowd announced this week a partnership with Philippine investment firm Einhorn Resources to help facilitate growth for Philippines' startup companies.
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This first collaboration of its kind in the Philippines provides direct access for Einhorn clients to OurCrown, which has $1.9 billion in commitments and deployed capital into more than 347 portfolio companies and 39 funds across five continents.
In addition, OurCrowd has over 200,000 registered members from 195 countries and enables accredited individual investors to participate in vetted early-stage firms and funds. As of 2021, OurCrowd has received over $1.9 billion in commitments and deployed capital across five continents.
The partnership was signed in Tel Aviv by OurCrowd's General Partner and Managing Director of Australia and Asia Dan Bennett and CEO of Einhorn Resources Jean Henri Lhuillier.
"This new partnership is an exciting opportunity to extend our pipeline into the vibrant investment community in the Philippines and to help nurture the startup ecosystem there," Bennett said. "Einhorn Resources' deep knowledge of the Filipino investment landscape will be instrumental to bringing our top-tier technology talent to that part of the world.
"Not only are we raising money for these opportunities both in Israel, the US and beyond, but this is an important opportunity for corporates and family offices to invest from the Philippines and to attract technology that will benefit their core business," he said.
Lhuillier concurred, saying, "We are excited to work alongside OurCrowd to pave the way for stronger ties for investment opportunities, traditional companies and tech solution collaborations. The partnership aims to open the funnel to a network of investors who can choose relevant companies to invest in as well as customize an online portfolio."
In turn, Einhorn Resources oversees multiple investments in agriculture, fintech, education, healthcare, real estate, and software, directly or through funds, with investments in Europe, the US, Middle East, Southeast Asia and the Philippines.
The company is in the planning stages with the OurCrowd incubation team to explore setting up a regional incubator that would give growth opportunities to local startups seeking Israeli tech expertise.
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