Israeli crowdfunding company OurCrowd has signed a Memorandum of Understanding with Italy’s Intesa Sanpaolo Innovation Center, a subsidiary of the Intesa Sanpaolo Group, to promote start-up access to international capital markets.
Over the past year, OurCrowd has made significant strides in Western Europe, expanding its leadership in London and Madrid, increasing its investor base across multiple regions and introducing formal relationships with key multinational corporations, such as Halma in the UK and Innogy in Germany. Their alliance with Intesa is designed to catalyze innovation in multiple technologies and industrial sectors.
“Today’s launch of our formal partnership signals our sincere commitment to engaging with Italian corporate and start-up influencers as we continue our expansion across Europe,” said Jon Medved, OurCrowd’s CEO. “We have enjoyed working with Intesa’s team on various initiatives and joint projects, and this agreement will accelerate the activity between our companies and between two very important economies in the technology ecosystem.”
Mario Costantini, the general manager of the Intesa Sanpaolo Innovation Center, added that the partnership has the dual target of making available to its business customers the best Israeli technologies and, on the other side, Intesa’s best start-ups will have access to the network of over 25,000 international investors of OurCrowd.
Intesa Sanpaolo is among the top banking groups in the eurozone, with a market capitalization of over €50 billion.