ourcrowd

We are very pleased to present Doorway's first international partnership, OurCrowd, a leading Israeli platform for online equity investing in the Israeli and international market, active since 2014.

In this way, Doorway's investor community will have an easier access to one of the most advanced innovation ecosystems in the world, the Israeli one, through an established player that follows a rigorous evaluation method of proposed startups, in which proposed deals will be followed by a Doorway representative on site.

benefits

Below are the details of the partnership.

Who is Ourcrowd?

OurCrowd was founded in 2014 in Israel on the idea of Jon Medvedev to democratize venture capital investments.

If you want to know more about Ourcrowd's founders and its history, here are the highlights.

Ourcrowd selects and validates the startups it brings in for collection according to a structured model that has been established for many years. If you'd like, learn more about the selection and due diligence process.

OurCrowd also invests through a vehicle specifically set up for each company it raises and gives access to its investment opportunities to professional investors only, with tickets ranging from €25,000 to €100,000.

When does it reimburse its shareholders?

Since its inception, it has invested in 280 startups, raised nearly $2 billion and many of its startups have had major exits.

For example, to date 50 of OurCrowd's investees have made an exit through IPOs or M&A transactions, whose buyers include Microsoft, Oracle, Intel, Samsung, Canon, Uber, Snap.

Some of the best known cases of OurCrowd investee exits:

  • Lemonade:IPO on NYSE in July 2020 with a market cap at time of listing of $1.6 billion. Lemonade's public debut in July 2020 was hailed as the best IPO of that year. The shares were priced at $29 and ended the first day of trading at $69.41, a gain of more than 140% that gave the company a market cap of more than $3 billion.
  • Beyond Meat:IPO on the Nasdaq in May 2019 with a market cap at the time of listing of $1.46 billion. Beyond Meat was OurCrowd's third IPO and thirty-second exit since 2013.
  • Argus Cyber Security:In November 2017, Tier-1 auto supplier Continental AG announced the acquisition of Argus Cyber Security for $430 million, a leader in connected vehicle protection. Argus employed 70 people at the time of the exit, a $30M capital raise behind it thanks to OurCrowd and a number of other VCs.

exit

It's also worth mentioning that OurCrowd moves in the Israeli innovation ecosystem, one of the most promising in the world, so much so that it has been called Israel's "startup nation".

Here you will find insights on the situation of the Israeli ecosystem.

Doorway investor benefits

One of the main advantages that Doorway offers to its investors is the rigorousness and professionalism of the selection of international deals, flanking the screening and due diligence process of OurCrowd. In fact, Doorway will guarantee a on-site presidium in order to maintain contact with Israel and monitor the startups that will be selected. The selection of the deals will prioritize those companies that already have business relationships or expansion plans with Italy and/or Europe.

The exit possibilities that the Israeli market offers are on average faster and with higher multiples than the Italian market. Not surprisingly, Israel has more than 70 unicorns valued at more than $1 billion. Thanks to this opportunity, Doorway investors will become part of a network of international investors with an interest in the world of innovation and global venture capital.

With this partnership will be allowed access to deals with high exit potential, which would otherwise be reserved for a professional audience only on the OurCrowd platform. This is guaranteed by the investment vehicle that will bring together the Doorway investors, established with the qualification of "professional investor" and administered by an investor with deep experience in venture capital and the sector. In addition, Doorway will offer reduced investment fees compared to those normally required by OurCrowd.

Investment and cost scheme

Doorway's investment is always made through a specially formed vehicle that enters into the capital of OurCrowd's originally opened investment vehicle.

The minimum investment that the investment vehicle must raise is at least €500,000. This will give Doorway's vehicle the status of a professional investor, along with the fact that a director of the vehicle with deep experience in the venture capital world will be appointed.

The costs for these investments follow the fee schedule applied by OurCrowd and consist of:

  • Management fee and administration fee, that the investor pays at the moment of the investment
  • Carried interest, a percentage of any capital gain obtained at the time of exit, which is deducted by OurCrowd/Doorway from the amount distributed to investors at the time of exit.
  • Carried interest, a percentage of any capital gain obtained at the time of exit, which is deducted by OurCrowd/Doorway from the amount distributed to investors at the time of exit.

    For each deal in partnership with OurCrowd, the percentage of management and administration fees applied, as well as the carried interest, will be indicated.

    In principle, investments in deals originated by Our Crowd do not entitle the investor to Italian tax benefits, as they are foreign startups.

 

 

In principle, investments in deals originated by Our Crowd do not entitle the investor to Italian tax benefits, as they are foreign startups.

 

Disclaimer:

Investment at risk

Doorway will guarantee the seriousness and rigorousness of the selection and investment process, but cannot guarantee the expected returns, as these are high risk venture capital investments.

Currency investment, additional risk