Published On: Thu, Dec 11th, 2014

OurCrowd Raised a Record $4 Million in First Summit Day

Jon Medved,   Founder & CEO,   OurCrowd

The OurCrowd Global Investor Summit held in Jerusalem this week closed yesterday. The investment firm boasted that it set a record, raising over $4 million in new investments on the first day for its member companies.

“Global equity crowdfunding reached a new level today, as the virtual world met face-to-face with some truly exciting companies, ” said Jon Medved, founder and CEO of OurCrowd. “We are proud that $4 million was invested by accredited summit investors by the end of the first day.”

These investments join the $80 million that accredited investors have already invested through OurCrowd in 55 companies since launching in early 2013.

OurCrowd certainly proved that it knows how to run such an event. Not only did Jerusalem Mayor Nir Barkat open the Summit, but attendees were also treated to an exciting presentation by Dani Gold, father of Israel’s Iron Dome missile defense shield.

Oh, and the food was great too. It was held at Jerusalem landmark luxury hotel the Inbal and offered a 5 star buffet lunch. The summit ended with a cocktail party with more good food held at Jerusalem’s recently renovated First Train Station. Guests were entertained with a performance by famed Israeli musician Meir Banai, backed by rocker Yehuda Katz.

But OurCrowd partner and head of investor relations Danna Hochstein Mann was too busy to take advantage of the festivities. “I ran the summit. I did not eat very much. I had to make connections for people who asked in advance to be introduced to investors or companies, ” she told JBN.

Mann rated the Summit a hit. “I think the day was a raging success, ” she said. “The feedbacks that I got from investors was very positive. They really enjoyed the atmosphere.”

Mann, who was born and raised in Jerusalem, holds an MBA from Tel Aviv University’s Kellog School. She was with Jerusalem Venture Partners before joining OurCrowd. She first met Jon Medved when finishing her business degree.

“I first met Jon while I was finishing school and someone introduced us, ” she said. “It just made sense for me to join because he was looking for someone for investor relations and at JVP I was in investor relations and led the real estate activities.”

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