OurCrowd Closes World’s Largest Equity Crowdfunding Round for Borro

The Israeli crowdfunding giant not only raised $19.5 million for the UK-NY based, asset-backed online lender - it got 'traditional' VCs to join in too

Jon Medved, CEO of OurCrowd, (left) leads a panel discussion on crowdfunding in New York. (Photo credit: Courtesy)

Another day. Another record.

I think we should just start looking at Jon Medved and his team at OurCrowd as the Michael Jordan, of equity-based crowd funding.

Today, they have just announced that that it lead a $19.5M Series E funding round for Borro, the UK-NY based, asset-backed online lender. OurCrowd was joined by Rocket Internet AG (RKET), Canaan Partners and Augmentum Capital in this funding round.

OurCrowd alone raised $6M of the capital invested, making this the single largest equity crowdfunding round ever completed and demonstrates how equity crowdfunding can complement and even lead traditional funding sources, such as venture capital.

In under two years, OurCrowd has gone from participating in early seed rounds to now successfully leading a $16M dollar major funding round together with Tier 1 VCs such as Canaan and the renowned internet company, Rocket.

Related Content: OurCrowd Press Release.

About the Author

Alan Weinkrantz is a Tech PR / Startup Communications advisor to Israeli and U.S. companies, and is the Brand Ambassador and Senior Advisor for James Brehm & Associates, one of the leading IoT (Internet of Things) strategy and consulting firms.