OurCrowd’s Labs/02 to Invest in up to 100 Early Stage Companies Over the Next 10 Years with Israel Innovation Authority Sup...
31 Gennaio 2018 - 10:00AM
Business Wire
*Commitment of critical investments come as
incubator seed deals dropped 49% in 2017
*Initial investments to be made in Keepers and
C2A Security
OurCrowd, a leading global equity crowdfunding platform, today
announced that its Labs/02 seed stage incubator will invest in up
to 100 early stage companies over the next ten years. The
incubator, which focuses on cutting-edge frontier technologies like
AI, deep learning, autonomous transportation and smart cities,
plans to make initial investments in Keepers, which provides
non-invasive tools to help parents cope with social media addiction
and cyberbullying, and C2A Security, a revolutionary chip level
security and safety platform for the next generation of
automobiles.
Labs/02, located in Jerusalem, is a partnership among OurCrowd,
Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance)
and Yissum (the Technology Transfer Company of the Hebrew
University of Jerusalem). The incubator will be part of the world
famous Israeli incubator program administered by the Israel
Innovation Authority (formerly the office of the Chief
Scientist).
Moshe Raines will head all of the incubators activities. His
strong entrepreneurial experience includes senior leadership roles
at both global Fortune 500 companies and venture capital backed
startups.
“LABS/02 is the commando unit of early stage funds,” said Moshe
Raines, Labs/02 General partner. “Our work is fast, professional
and backed by top tier partners that are focusing on creating added
value for the companies. At Labs/02 we believe that it’s all about
the people. A winning startup team is comprised of people who have
tasted success and are craving more.”
Keepers CEO Hanan Lipskin said, “At Keepers, we are focused on
keeping our kids safe online, and the Labs/02 team of professional
leaders can help us execute fast in this very timely market.”
C2A Security CEO Michael Dick said, “The tech world has been
rocked recently by vulnerabilities at the chip level, and C2A
provides a solution to this growing problem for the hundreds of
chips in today’s cars. The investment from Labs/02 is helping us
leapfrog into the market, which needs our solution now.”
OurCrowd founder and CEO Jon Medved, commented, “Just when
recent data shows a 49% decline in early stage seed investments in
Israel for 2017, OurCrowd is proud to be pouring more resources and
investment into the critical seed investing arena. My personal
roots were always in seed investment, and Moshe and his Labs/02
team are just what the market needs to revitalize the seed scene in
Israel.”
Notes to Editors
About Labs/02: Labs/02 is Jerusalem’s pre-seed incubator,
centered at the heart of the city’s innovation scene. The
incubator’s core mission is to advance cutting-edge technology that
will shape the future in innovative areas including AI, deep
learning, autonomic transportation and smart cities. Labs/02 seeks
to invest in outstanding and motivated founders and lead them
towards success, with a hands-on, mentorship-driven approach. The
incubator’s program is designed with a boot camp feel to help
founders jumpstart their companies. Labs/02 is backed by leading VC
crowdfunding hybrid OurCrowd, Motorola Solutions, India’s Reliance
Industries, The Hebrew University’s Yissum technology transfer, and
the Israel Innovation Authority. For more information:
http://www.labs02.com.
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 opportunities, invests its
own capital, and brings companies to its accredited membership of
global investors. OurCrowd provides post-investment support to its
portfolio companies, assigns industry experts as mentors, and takes
board seats. The OurCrowd community consists of almost 20,000
accredited investors from over 112 countries. OurCrowd has raised
over $500M and invested in 130 portfolio companies and funds. To
join OurCrowd as an accredited investor visit www.ourcrowd.com and
click “Join.”
The 2018 OurCrowd Global Investor Summit, Feb. 1, 2018, in
Jerusalem, Israel, is the largest equity crowdfunding event in the
world, and the largest investor event in the entire Middle East.
The event will bring together Corporate partners like GE, Honda,
DuPont, Samsung, and more, along with entrepreneurs, global
delegations from over 90 countries, industry leaders and members of
the press from all over the world. 10,000 are registered to attend.
Learn more at summit.ourcrowd.com.
For Press Materials: http://blog.ourcrowd.com/labs02
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version on businesswire.com: http://www.businesswire.com/news/home/20180131005191/en/
Press:OurCrowdLeah SternEurope: +44 747 0196826US: +1
703-626-4310Israel: +972 54 3414861Dir. Of
Communicationsleah@ourcrowd.comorEstee YaariIsrael: +972 50 200
7073estee.yaari@ourcrowd.com
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