OurCrowd Expands with Office in Spain, Partners with Spanish-Israeli VC Cardumen Capital
Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore and a planned expansion in the UK. OurCrowd headquarters are located in Jerusalem.
Simultaneously, OurCrowd has announced a strategic partnership with Cardumen Capital, a Spanish-Israeli VC fund that is investing in “Deep Technologies.” The fund is authorized by the Spanish Securities Market Commission (CNMV). OurCrowd CEO Jon Medved said that Spanish investors will now have the opportunity to focus on investing in Israeli companies, building ties between Israeli and Spanish technologies.
The new fund will be managed by former head and founder of Samsung Ventures Israel, Gonzalo Martinez de Azagra, and former Head of Iberia at Hilco Capital, Igor de la Sota.
OurCrowd’s new Madrid based office will be chaired by David Hatchwell, Chairman of EXCEM, a Madrid based Family Group, and a leader of the Jewish community in Spain. The Hatchwells have been extremely active in the technology sector and are a significant component of the Spain-Israel commercial bilateral relationship.
OurCrowd’s news releases were revealed at the South Summit being held in Madrid. The conference is one of the largest tech events in Europe.
Hatchwell, Chairman of OurCrowd Iberia, said he was thrilled to join the OurCrowd team and help support Spain’s thriving tech community;
“OurCrowd presents the Spanish market with a significant opportunity to taste what is happening in one of the most advanced markets in the world of tech: Israel, as well as offer other global startup investment opportunities. OurCrowd Spain will operate with strong local partners active in building significant companies, and as we consolidate, we will invest in Spanish tech companies seeking to bring additional leaders from the local ecosystem onto the OurCrowd platform.”
Medved added that Spain was one of their priority markets with Madrid as the heart of Europe as well as a being a gateway to South America.
“During the past 30 years the commercial relations between the two countries increased rapidly as both countries have experienced high growth rates. The Spanish capital is also home to an abundance of tech talent, including three first-rate business schools, IE, IESE and Esade. OurCrowd currently has over 20,000 investors from 112 countries participating on the platform and now is the right time to disrupt the world of innovation finance by expanding our base here.”
Cardumen Co-Founder and Managing General Partner, Gonzalo Martinez de Azagra said they were excited about this new chapter in Spanish-Israel relations;
“Together with OurCrowd, we are building a global community with an experienced team led by leading venture capitalists. Our bilateral fund will invest in pure high-tech companies, as we did at Samsung Ventures, and give access to institutional and corporate investors to these unique opportunities.