OurCrowd appoints Apex Group for fund services

Formed in 2013, OurCrowd is Israel’s most active venture capital firm, having deployed over US$1.8bn in committed capital to date.

OurCrowd, has recently launched its global venture capital fund, OurCrowd 50 (“OC50”). OC50 is a highly diversified investment vehicle giving investors exposure to global venture backed assets across a mix of sectors, geographies and from early stage through to later stage companies. OurCrowd has set up an Australian Dollar unit trust for the first time, with Australian investors expected to comprise 12 per cent to 25 per cent of the raise.

OurCrowd has appointed Apex to provide Fund Administration, Transfer Agency and Custody Services to OC50. These services, underpinned by leading technology platforms and delivered by experienced local teams, will enable OurCrowd to communicate with its investors in a more transparent and efficient manner.

Fund Services are an integral part of Apex’s single-source solution, which, according to a recent Total Economic Impact (TEI) report by Forrester Consulting, provides clients of Apex Group with a return on investment of 105% and cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

This news follows a series of Fund Administration mandate wins for Apex in the Oceania and APAC regions, including Perennial Partners and New Forests, following the successful acquisitions of Australia-based Mainstream Group, and New-Zealand-based MMC.

Nick Bradford, Head of Business Development, Oceania, at Apex Group comments: “We are delighted to be working with a fund of OurCrowd’s pedigree and outstanding performance record. As we see alternative assets continuing to attract investment from wholesale and HNW investors, our clients need administrators with the experience and technology to meet the varying reporting requirements of a larger number of investors.”

Dan Bennett, Managing Partner at OurCrowd Australia & Asia adds: “We are pleased to appoint Apex as fund administrators for OC50, having been impressed by the depth of their experience supporting VC and private equity funds across various regulatory frameworks and fund structures. We are targeting Australian investors for this fund, and Apex will play an important role in supporting our relationships with them, by enabling timely and accurate reporting.”

Press contact:

Antonia Powell | Antonia.powell@apexfs.com 

About OurCrowd

OurCrowd is the online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies before they go public. Acclaimed by Pitchbook as the most active venture investor in Israel, OurCrowd vets and selects companies across all sectors and stages, invests its own capital, and provides its global platform of over 200,000 registered members from 195 countries with unparalleled access and freedom to co-invest from as little as $10,000 in the companies and funds of their choice.

Founded by CEO Jon Medved in 2013 with the vision of democratizing world-class venture capital investing, OurCrowd has grown rapidly into the world’s leading online venture investing platform and as of 2021 has received over $1.8 billion in commitments and has deployed capital into more than 320 portfolio companies and 30 funds across five continents.

To date, OurCrowd’s startups have recorded 50 exits including several stock market listings: Beyond Meat, Lemonade, Innoviz, Hub Security; and numerous high- profile acquisitions: JUMP by Uber, BriefCam by Canon, Argus by Continental, Crosswise by Oracle, Replay by Intel, Corephotonics by Samsung, CyberX by Microsoft, and Kenna Security by Cisco. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. For more information visit www.ourcrowd.com.

Press contact:

Leah Stern | leah@ourcrowd.com