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.
Please refer to the next page [Scheme diagram for the business collaboration] as well.
|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)|
|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
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.”
The information contained in this announcement is accurate as of its date of release.
Please be aware that current information may differ to that contained in this announcement.
Thank you for your understanding.