Crowdfunding platform OurCrowd has launched its 13th fund on $50m, just weeks after the launch of its previous vehicle.
The company will look to invest the new fund in to around 15 sports tech companies, focusing on startups helping athletes and will also back eSports, new and fantasy sports. This fund will be led by OurCrowdâ€™s Jeremy Pressman and leAD Sportsâ€™ Christoph Sonnen.
Last month the company launched its 12th fund on $100m, which it plans to invest in approximately 20 companies that are using AI, deep-learning, IoT, robotics and digital manufacturing.
Israel-based OurCrowd is a crowdfunding platform for accredited investors and since its launch, it has raised over $650m for a portfolio of 148 companies and funds. The company vets potential opportunities and then invests its own capital alongside its investor network.
The company expanded its operations in the Iberian market by opening an office in Madrid, which enables it to reach seven more countries. OurCrowd also hopes the office will serve as a gateway into the Latin America region.
Last year, the company raised its own equity funding, with it receiving $3.6m from 61 investors. The investment brought the companyâ€™s total funding efforts up to $116.1m.
Over half of the investments into crowdfunding companies went to ones based in North America, with the region representing around 59 per cent of the capital deployed.
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