OurCrowd Launches Investment in Leading Global Cannabis Technology Fund
January 22, 2019
$30M 7thirty Opportunity Fund to invest in early stage
companies revolutionizing the cannabis industry
BOULDER, Colo. & JERUSALEM–(BUSINESS WIRE)–OurCrowd,
a global investment platform and Israel’s leading venture investor has
announced that it will invest and partner with 7thirty
to build the world’s leading global cannabis technology venture capital
fund. The new $30m fund is focused on emerging cannabis technology
companies in med-tech, ag-tech, retail, e-commerce, marketplaces, SaaS
solutions, and the deep-tech research in Cannabis. The fund,
headquartered in Boulder, Colorado, will be active globally and include
activities in Israel, Canada and the United States.
OurCrowd CEO Jon Medved said, “The explosive growth of the legal and
medical cannabis market is quite impressive. Canada recently legalized
cannabis nationwide and Israel is in the final stages of legalizing
cannabis export. The amount of serious medical research in cannabis is
booming. This market will generate unprecedented global investment
activity and returns for cannabis focused startups. Together with
7thirty, we plan to lead investments for serious companies who will
pioneer technology for this important and growing market.”
The 7thirty Opportunity Fund is led by the U.S.’s most active early
stage Cannabis Technology investor, Micah Tapman. Prior to founding
7thirty, Micah was a co-founder at CanopyBoulder, where he led
investments in over 90 cannabis related companies. Several of those
companies are now recognized leaders in the cannabis market, including
Wurk, BDS Analytics and Front Range Biosciences. Micah was recently
named one of the twenty rising stars in the cannabis investment world by
Business Insider.
Micah Tapman, Managing Partner and co-founder of 7thirty said, “We are
pleased to welcome OurCrowd to the 7thirty Opportunity Fund. Israel is a
recognized leader and pioneer in cannabis technology, and OurCrowd has a
demonstrated track record as a value-added investor. Together we plan to
bring a institutional discipline and rigor to the cannabis technology
investment market.”
Kfir Kachlon, OurCrowd Principal and Cannabis-Tech lead said, “The
ability to work side by side with Micah and the 7thirty team is really
exciting for us. OurCrowd has already invested in leading Israeli
Cannabis Technology companies such as Syqe and Edenshield, and now
together with 7thirty we look forward to combining our Israeli deal flow
with their North American leadership in the industry to create a truly
winning fund formula.”
For more information on 7thirty visit: https://7thirtycapital.com/opportunity-fund/
About OurCrowd: OurCrowd is a global investment platform,
bringing venture capital opportunities to accredited investors
worldwide. A leader in equity crowdfunding, OurCrowd is managed by a
team of seasoned investment professionals and is led by serial
entrepreneur Jon Medved. OurCrowd vets and selects companies, invests
its own capital, and invites its accredited membership of investors and
institutional partners to invest alongside in these opportunities.
OurCrowd provides support to its portfolio companies, assigns industry
experts as mentors, and creates growth opportunities through its network
of strategic multinational partnerships. The OurCrowd community consists
of almost 30,000 accredited investors from over 150 countries. OurCrowd
has raised over $900 million and invested in 170 portfolio companies and
funds. To join OurCrowd as an accredited investor visit www.ourcrowd.com
and click “Join.”
About the 2019 OurCrowd Global Investor Summit: The OurCrowd
Global Investor Summit, Where the startup world gathers. The 2019
OurCrowd Global Investor Summit, taking place March 7 in Jerusalem,
Israel, is one of the premier events in the tech industry, and the
largest business event in Israel’s history, with 15,000 expected to
register to attend. The Summit provides an interactive, front-row seat
to the formerly closed world of startup venture capital, with exclusive
exposure to cutting-edge technologies, the entrepreneurs behind them,
and the corporate leaders deploying them. Top investors, venture
capitalists, corporate partners, entrepreneurs and journalists come from
around the world both for Summit day as well as a week of events that
include tours of the Israeli ecosystem, corporate meetups, and cultural
and historical excursions. Thousands more will participate through
livestreaming. Learn more at summit.ourcrowd.com.
About 7thirty Opportunity Fund: The 7thirty Opportunity Fund is
an early stage growth equity fund targeting private cannabis-related
technology investments around the world. The fund is closely partnered
with the CanopyBoulder business accelerator for unparalleled deal flow
and access to top-tier investments. Headquartered in Boulder, Colorado,
the fund is ideally situated to capitalize on the 30% average compound
annual growth in the legal cannabis industry. A highly disciplined
investment approach allows the fund to build a diversified portfolio of
exceptional investments poised to grow with the industry.
For Press Materials: http://blog.ourcrowd.com/7thirty
Contacts
Press contact:
Leah Stern, OurCrowd Dir. Of Communications
UK:
+44 747-0196826
E: leah@ourcrowd.com
Aaron
Kliner at aaron@headline.media
(IL: +972 54-8143742)