Israeli OurCrowd signs Iberian partnership with Portuguese Underrock
Agreement signed with the company that has Miguel Horta e Costa as one of the partners will allow national startups to find funding from the OurCrowd platform.
The Israeli OurCrowd, the largest global venture capital investment platform, has signed a partnership agreement with Miguel Horta e Costa’s Portuguese venture capital firm Underrock Investments to expand its Iberian operations.
With this agreement, OurCrowd will offer selected opportunities for Portuguese investors and will make available, on the other hand, investments in Portuguese startups through that platform, as announced this Wednesday. In this way, Underrock and OurCrowd announced, the selected national startups will have “access to qualified investors around the world, in addition to the opportunities for expansion through collaborations and institutional partnerships.
According to Miguel Horta e Costa, who will lead the initiative together with Tiago Dores, the arrival of OurCrowd represents “a unique opportunity to create value in the Portuguese market as a whole, in addition to establishing links between Israeli and Portuguese technologies.
OurCrowd CEO Jon Medved highlighted Lisbon as one of Europe’s innovation hotspots and startups center. “The city has a growing means of innovation and we hope to invest in the latest technologies that this ecosystem has to offer,” assured Medved.
Before the agreement with Underrock, OurCrowd, whose Iberian operations will continue to be led by David Hatchwell, President of EXCEM, from Madrid, closed partnerships in several countries, namely Singapore, Australia, India and Germany.
