Source: https://tribune.net.ph/index.php/2022/07/26/israel-philippines-strengthen-tech-startup-ties/
Israeli venture platform OurCrowd and Einhorn Resources Inc., a Philippine investment firm, announced a partnership that will provide Einhorn clients direct access to OurCrowd’s exclusive investments and mentorships to facilitate the growth of Philippine startups.
Israeli venture platform OurCrowd and Einhorn Resources Inc., a Philippine investment firm, announced a partnership that will provide Einhorn clients direct access to OurCrowd’s exclusive investments and mentorships to facilitate the growth of Philippine startups.
The partnership was signed in Tel Aviv, Israel, between Dan Bennett, OurCrowd’s General Partner & Managing Director of Australia and Asia, and Jean Henri Lhuillier, Einhorn Resources Inc CEO.
“This new partnership is an exciting opportunity to extend our pipeline into the vibrant investment community in the Philippines and to help nurture its startup ecosystem,” Dan Bennett said.
The partnership was signed in Tel Aviv, Israel, between Dan Bennett, OurCrowd’s General Partner & Managing Director of Australia and Asia, and Jean Henri Lhuillier, Einhorn Resources Inc CEO.
“This new partnership is an exciting opportunity to extend our pipeline into the vibrant investment community in the Philippines and to help nurture its startup ecosystem,” Dan Bennett said.
“Einhorn Resources” deep knowledge of the Philippine investment landscape will be instrumental to bringing our top-tier technology talent to that part of the world.
“Not only are we raising money for these opportunities in Israel, the US, and beyond, but this is an important opportunity for corporates and family offices to invest from the Philippines and to attract technology that will benefit their core business.”
This collaboration, the first of its kind in the Philippines, provides Einhorn clients direct access to one of the world’s leading online venture platforms. OurCrowd currently has $1.9 billion in commitments and has deployed capital to more than 347 portfolio companies and 39 funds in five continents. It also has 200,000 registered members from 195 countries, allowing it to participate in vetted and early-stage firms and funds.
Currently, plans are being made to set up a regional incubator to give growth opportunities to Philippine startups looking for Israeli tech expertise.
“We are excited to work with OurCrowd to pave the way for stronger ties for investment opportunities, traditional companies, and tech solution collaborations,” Jean Henri Lhuillier said. “The partnership aims to open the funnel to a Philippine network of investors who can choose relevant companies to invest in and customize an online portfolio.”
Einhorn Resources Inc oversees multiple investments in agriculture, fintech, education, healthcare, real estate, and software, directly or through funds, with assets in Europe, the US, the Middle East, Southeast Asia and the Philippines.