OurCrowd, one of the world’s largest crowdfunding platforms for securities, has released a statement about the ongoing conflict in Israel. Headquartered in Jerusalem, OurCrowd has significant investments in the thriving Israeli tech startup scene.
In their weekly email, usually used to update investors on investment activities and portfolio company progress, Jon Medved, the founder and CEO of OurCrowd, acknowledged that some of their employees have been called up to serve in the army. Additionally, several family members of employees have also been mobilized.
Medved emphasized that Israel is currently in a state of war due to the recent attack by Hamas terrorists from Gaza. The duration of the conflict remains uncertain. The Israeli army has mobilized its reserve units, including some OurCrowd employees and their families. Medved expressed his concern for their well-being and hopes for a swift resolution with minimal casualties.
Despite the challenging circumstances, OurCrowd remains fully committed to operating and providing services to its investors, as well as supporting its portfolio companies. They have previous experience in dealing with similar situations, and will continue serving investors, entrepreneurs, and partners from their global offices.
Medved expressed gratitude for the support received from investors since the start of the attacks on Israel during the holy Jewish festival of Simchat Torah. He acknowledged the significance of the thoughts, prayers, and words of encouragement.
In response to the crisis, the Israeli civil society has acted swiftly, providing essential assistance such as food, medical care, counseling, and shelter to those affected. OurCrowd has included a list of humanitarian organizations that are accepting donations on behalf of the crisis.
As the situation in Israel continues to unfold, OurCrowd remains dedicated to navigating this crisis and supporting its employees, investors, and portfolio companies.
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