OurCrowd, a
leading global investment platform and Israel’s most active venture
investor, has announced that Alec Ellison, former Vice Chairman of
Jefferies, LLC, and former Chairman of Jefferies’ Technology Investment
Banking group, as well as the Founder of Outvest Capital, has been
appointed Chairman of the Board of OurCrowd Management (U.S.), Inc. For
over two years, Ellison has served on the OurCrowd Advisory Board. Prior
to Jefferies, Ellison was President of Broadview International (which
Jefferies acquired). He began his banking career at Morgan Stanley. Mr.
Ellison holds a B.A. from Yale (summa cum laude) and an M.B.A.
from Harvard, where he was a Baker Scholar.
“Having served on the OurCrowd Advisory Board for over two years and
invested on the platform personally for over three years, I want to take
a more active part in this next generation venture capital platform,”
said Alec Ellison. “While OurCrowd has already grown to be a worldwide
phenomenon in the innovation finance arena, it’s now time to further
build out our U.S. business.”
As Chairman of OurCrowd’s U.S. operations, Ellison will oversee the
development of the Company’s activities in the U.S. Ellison will focus
on building strategic partnerships with major financial institutions and
growing OurCrowd’s North American community of family offices,
investors, and portfolio companies, as well as developing OurCrowd’s
multi-sided platform of investors, portfolio companies and strategic
corporate partners. He will also continue to serve on the Advisory
Board, where he has played a critical role developing OurCrowd’s
strategy.
“Knowing Alec for 22 years, I can say that he is one of the smartest and
most strategic guys I have ever met,” said OurCrowd Founder and CEO, Jon
Medved. “He has led hundreds of tech deals with some of the largest and
most dynamic companies in the world, and this experience is simply
invaluable to us. He is a deep thinker who understands profoundly where
technology is going and how we should invest in order to take advantage
of the dramatic changes ahead. OurCrowd is extraordinarily lucky to have
Alec take the reigns as Chairman of our U.S. subsidiary.”
In 2018, OurCrowd continued to expand its operations with 3 new offices
in Israel, bringing the total to 11 offices worldwide in New York, San
Diego, London, Madrid, Toronto, Singapore, Sydney and Hong Kong. The
OurCrowd network consists of 33,000 registered investors from over 180
countries. Rated “the most active venture investor in Israel” by
Pitchbook, OurCrowd has over $1B in commitments and has made investments
in 170 companies and 18 funds. Since its establishment six years ago,
OurCrowd has reported 34 exits, 11 of them during 2018. Most recently,
FoodTech portfolio company Beyond Meat – ((NASDAQ:BYND),
completed 2019’s most successful IPO and is currently trading at a value
of over $5 billion.
END
About OurCrowd: OurCrowd is the leading global equity
crowdfunding platform for accredited investors. Managed by a team of
seasoned investment professionals and led by serial entrepreneur Jon
Medved, OurCrowd vets and selects companies, invests its own capital,
and invites its accredited membership of investors and institutional
partners to invest alongside in these opportunities. OurCrowd provides
support to its portfolio companies, assigns industry experts as mentors,
and creates growth opportunities through its network of strategic
multinational partnerships. The OurCrowd community consists of almost
33,000 registered investors from over 180 countries. Rated “the most
active venture investor in Israel” by Pitchbook, OurCrowd has over $1B
in commitments and has made investments in 170 companies and 18 funds.
OurCrowd already has 34 exits to date. OurCrowd exits include: Beyond
Meat’s IPO (NASDAQ:BYND);
JUMP Bikes sold to Uber, Briefcam sold to Canon, Argus sold to
Continental, Crosswise sold to Oracle, and Replay sold to Intel. To join
OurCrowd as an accredited investor, visit www.ourcrowd.com.
For Press Materials: http://blog.ourcrowd.com/aeusa/
View source version on businesswire.com: https://www.businesswire.com/news/home/20190529005713/en/