HomeIsraelThailand’s RISE and OurCrowd Launch ROCX Exponential Fund

Thailand’s RISE and OurCrowd Launch ROCX Exponential Fund

ourcrowd

OurCrowd, a Jerusalem, Israel-based global digital investment platform, and RISE, the corporate innovation firm based out of Southeast Asia, announced the launch of the ROCX (Rise OurCrowd Exponential) Fund.

The $50m fund is Thailand’s first Israel-focused VC fund and will invest in early-stage deep technologies in cybersecurity, AI, HealthTech, semiconductors, quantum computing, ClimateTech, AgTech, FoodTech, and more.

The ROCX Fund, anchored by a major Thai institution and managed by an experienced team of VC experts from both Thailand and Israel, will begin investing by the end of 2024. The fund plans to deploy tens of millions of dollars over a 2-3 year period into 20-30 companies with a promising track record and the capacity to develop and deploy solutions with proven product-market fit, providing them with the capital to scale up their commercial growth with leading corporations across Southeast Asia.

Led by Dr. Kid Parchariyanon, Co-founder and CEO, RISE is a Corporate Innovation company which works with Fortune 500 Companies, large family businesses, and government agencies across SE Asia to set up and scale innovation initiatives through 5 corporate innovation services: Corporate Innovation Consulting, RISE University, SeaX Ventures, and Athena.

Led by Founder & CEO Jon Medved, OurCrowd is an online venture investing platform with $2.2 billion capital deployed into more than 420 portfolio companies and 50 funds in five continents across dozens of major technology sectors. Its FinTech platform leverages artificial intelligence and advanced automation tools to identify startups, empower hundreds of thousands of accredited investors, corporate VCs, and family offices to discover and participate in exclusive investment opportunities, and realize commercial connections between the portfolio companies and major corporations worldwide, resulting in hundreds of millions of dollars of contract value.

To date, OurCrowd’s startups have recorded 63 exits including several public market listings: Beyond Meat (BYND), Lemonade (LMND), Innoviz (INVZ), Arbe (ARBE), Alpha Tau (DRTS), Freightos (CRGO); and numerous high-profile acquisitions: JUMP by Uber, BriefCam by Canon, Argus by Continental, Crosswise by Oracle, Replay by Intel, Corephotonics by Samsung, CyberX by Microsoft, and Kenna Security by Cisco.

VCWire

20/11/2023