Bengaluru, NFAPost: OurCrowd, Israel’s leading venture investment platform founded by Jon Medved, and the Toyota Tsusho Corporation (Toyota Tsusho), have today announced a new business and technology scouting partnership.
The move assumes significance as OurCrowd is actively involved in companies from Mobileye which is acquired by Intel for $15 billion and even ZoomCar in India. The investment platform has already put bet on vision based technology and other deep technology companies across the globe.
Toyota Tsusho Corporation is one of Japan’s general trading companies and a member of the Toyota Group, which comprises of 17 companies including Toyota Motor, Denso etc. The partnership will help Toyota to capitalise on OurCrowd’s Israeli and global network, robust deal flow pipeline and growing portfolio of 200 promising startups along with the broad reach.
The Toyota move comes at a time when the automotive industry is going through technology disruption and electric vehicles are making deep impact. The company is looking at coming up with innovative products and services to expand its presence in the key business sectors of Mobility, Resources and Environment, Life and Community.
OurCrowd has already established deep impact on sensors, image recognition, data compression, and security. The focus of this agreement is looking at next generation startup leaders in the areas of autonomous driving and also disruptive technologies in a diverse group of other sectors such as smart cities, medtech, including cancer examination, digital health, environmental technologies, and big data in agriculture.
Commenting on the initiative, Toyota Tsusho Regional CEO and CTO Executive Vice President Minoru Murata said the future belongs to the bold who are implementing game changing technologies. “Toyota Tsusho and its 58,000 employees all over the world are proud to be leaders in our focus industries, but to ensure our future leadership we must identify, invest and work with startups who are changing the world we live in. Our partnership with OurCrowd will bring us these key technologies and leaders to work together on the next generation of global challenges,” said Minoru Murata.
OurCrowd Founder and CEO Jon Medved said he is proud to be partnering with a general trading company such as Toyota Tsusho. “Not only do they represent a 70 year tradition of excellence in global business, but they are focused on solving real global problems. Together we can help startups turn into “scaleups” by providing access to Toyota Tsusho’s unrivaled platform that can deploy new technologies and products quickly and effectively in over 120 markets around the world. This is good news for startups and good news for the world,” said Jon Medved.
Toyota Tsusho which build a supply ecosystem for its partners across the globe is looking at coming up with new has long development its business with functions tailored to customers’ needs and with original added value by leveraging its general trading and project management company functions, such as information collection and the logistics and financial functions necessary to import / export and broker domestic business transactions.
OurCrowd is a unique innovation and investment platform that connects investors and startups around the world, and has already raised over $1.28B in funding commitments and has made investments in 200 diversified companies and funds. OurCrowd will help funnel Israeli and other technology startups that support the Toyota Tsusho Corporation’s core values to leverage the collective force and innovative spirit in order to further penetrate global markets in Mobility, Resources & Environment, and Life & Community.
OurCrowd Business Development Partner Laly David said the company will strengthen its tie up with Toyota banking on its 13 global offices and companies funded.
“We support the Toyota Tsusho Group way of “Genchi, Genbutsu, Genjitsu,” which means “On Site, Hands on, In touch.” This means a lot to OurCrowd and will guide our work and our collective mission with our partners at Toyota Tsusho and the startups in our community,” said Laly David.
Internet of Things ( IoT )
In an interaction with NFAPost during his visit to Bengaluru OurCrowd founder Jon Medved had said the platform is scouting for investment opportunities.
“WeOurCrowd is looking at opportunities in Internet of Things (IoT), artificial intelligence (AI), data analytics, ecommerce, solar, mapping and enterprise startup. OurCrowd is also scouting for opportunities in few investment companies and prominent angel investors across the globe for this initiative,” said Jon Medved.
OurCrowd continues to expand its newly launched OC Innovate program to provide multinationals with the ability to stay ahead of the latest innovation trends globally by providing access to Israel’s bustling tech startup community. dved, OurCrowd selects companies to invests its own capital and invites its accredited membership of investors and institutional partners to invest alongside in these opportunities.
The OurCrowd community consists of almost 37,000 registered investors from over 183 countries. Recently Israel’s Pitchbook selected OurCrowd and rated it as the most active venture investor in Israel. OurCrowd has $1.28B in commitments and has made investments in 200 companies and funds. OurCrowd already has 35 exits to date. OurCrowd exits include Beyond Meat’s IPO, JUMP Bikes sold to Uber, Briefcam sold to Canon, Argus sold to Continental, Crosswise sold to Oracle, and Replay sold to Intel.
The OurCrowd community consists of almost 37,000 registered investors from over 183 countries. Rated “the most active venture investor in Israel” by Pitchbook, OurCrowd has $1.28B in commitments and has made investments in 200 companies and funds. OurCrowd already has 35 exits to date. OurCrowd exits include: Beyond Meat’s IPO (NASDAQ:BYND); JUMP Bikes sold to Uber, Briefcam sold to Canon, Argus sold to Continental, Crosswise sold to Oracle, and Replay sold to Intel. To join OurCrowd as an accredited investor, visit www.ourcrowd.com.