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OurCrowd, the leading venture investing platform and Israel’s most active venture investor, welcomed a tech business delegation from Morocco to Israel today for this week’s OurCrowd Global Investor Summit.
This year, the OurCrowd Summit is celebrating 10 years since the founding of OurCrowd. Since its founding, OurCrowd has secured more than $2.1B in investment commitments. The OurCrowd portfolio saw its 61st exit in January, with more expected in 2023.
The Summit, which provides unique access to private companies you can invest in, is one of the premier events in the startup world and the biggest investor event in the Middle East, with 23,259 people registering from 183 countries in 2020.
“The Abraham Accords have ushered in a new reality for Israel and the MENA Region. OurCrowd is very proud to have played a significant role in establishing the beginnings of new, fruitful partnerships for our portfolio companies, investors and partners in both Israel and Morocco,” said Jon Medved, CEO and Founder of OurCrowd. “We look forward to further growing this wonderful partnership and we expect to regularly welcome even larger Moroccan delegations in the near future.”
The Summit, which is the largest investor event in the Middle East, returns to Jerusalem on February 15, 2023, with more than 8,500 in-person participants expected from over 80 countries around the world, including delegations from Asia, Latin America, Australia, Europe, the US, the Middle East, and North Africa.
The delegation from Morocco was organized by OurCrowd Arabia Head of Business Development MENA Youssef Seffar in cooperation with the Moroccan government.
Among the startups are Chari, Icon.ma (Metaverse, AR/VR), Kekeli Technologies, OCP Maintenance Solutions, GRCC Me Time and Aerodrive Engineering Services. In addition, the venture capital fund UM6P Ventures, the technology incubator APP Editor and the hackathon organization Hack & Pitch will participate in the conference.
The Moroccan startup ecosystem has developed over the past several years, with many startups being supported by incubators, venture capital funds and government support organizations, all working to create rapid and significant traction for this important and valuable business sector.
OurCrowd Arabia Head of Business Development MENA Youssef Seffar commented, “Morocco has great potential as a gateway to Africa and Europe, and now when we add our strategic relationship with Israel, the sky is the limit.”
Based on press release OurCrowd
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