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Israel investors raise £58m

October 21, 2016 10:25

ByJosh Jackman, Josh Jackman

1 min read

British Jews have played "an incredibly important" role in helping an Israeli firm to break the record for the largest investment in an equity crowdfunding company.

OurCrowd, a Jerusalem-based investment platform, raised £58 million in its latest round of funding.

The company has pumped more than £170 million into 100 Israeli businesses in less than four years - fuelling the creation of everything from robotic legs to fingerprint-operated guns and cannabis inhalers - and is set to open an office in London in early 2017.

Jon Medved, chief executive and founder, said his company was set to hit $1 billion (£810 million) in funding by 2020, with the British community forming a crucial part of that process.