NTT Finance Corporation (headquartered in Minato-ku, Tokyo, Japan; Yoshikiyo Sakai, President; hereinafter referred to as “NTT Finance”), the core financial company in the NTT Group, today announced that NTT Finance will establish "NTT Finance Israel L.P.” with OurCrowd (headquartered in Jerusalem, Israel; Jonathan Medved, Founder & CEO; hereinafter referred to as “OurCrowd”), one of the most active venture investors in Israel.

1.Background

Promising startups are supported by the nation in Israel. More than 300 leading companies such as Google and Apple are expanding their businesses into Israel, seeking to acquire leading technologies such as AI, IoT, Medical/Healthcare and Autonomous Car industries.
NTT Finance will contribute to pursuing business growth for both NTT Group and startups in Israel, with facilitating potential opportunities for launching collaborations between their businesses, through expanding venture investments in IT startups.

2.Outline of Approaches

NTT Finance will proceed with venture investments with the cooperation of OurCrowd, one of the leading venture capital firms in Israel which has achieved topnotch investment performances.

(1) NTT Finance establishes NTT Finance Israel L.P.

(2) OurCrowd provides NTT Finance with opportunities for potential investments

(3) NTT Finance decides which company to invest in, proceed with the investments via NTT Finance Israel L.P.

(4) OurCrowd monitors portfolio companies of NTT Finance Israel L.P. to share them with NTT Finance

Please refer to the next page [Scheme diagram for the business collaboration] as well.

3.Outline of the Investment Vehicle

Name	NTT Finance Israel L.P.
Asset size	USD 15 Million (1.5 billion yen equivalent, capital call method)
Management period	10 years (can be extended for 2 years)
Investor	NTT Finance (fully owned)

[Outline of OurCrowd]

Name	OurCrowd
Year of Establishment	2013
Representative Director	Jonathan Medved(Founder & CEO)
Business	Operate of one of the largest global venture investment platform With USD 1.5 billion of committed funding, invests in more than 240 portfolio companies Offers access to 70,000 individual accredited and institutional investors, family offices, and venture capital partners as investors of funds

Rated by PitchBook as one of the most active venture investors in Israel.

OurCrowd CEO Jonathan Medved said, “We are delighted to partner with NTT, one of the world’s leading telecommunications and IT companies. Working closely together with NTT, we expect to strengthen ties between Israel, Japan and the global tech community.”
(https://www.ourcrowd.com)