March 16, 2021
NTT Finance Corporation
Establishment of Venture Investment Vehicle
"NTT Finance Israel L.P.”

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.

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
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.”

[Scheme diagram for the business collaboration]

Scheme diagram for the business collaboration

Debt and Equity Investment Division
Finance and Accounting Department
NTT Finance Corporation

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.