Harneys advises on ORIX Corporation’s US$60 million investment in OurCrowd

Harneys was pleased to advise on ORIX Corporation’s first collaboration with Israeli venture capitalist start-up OurCrowd.

Under the terms of the agreement, ORIX and OurCrowd will collaborate in agreed focus areas and will establish financial products and investment opportunities suited for the Japanese and global markets. This will include curated access to both venture capital funds and individual portfolio companies on a deal-by-deal basis.

The Harneys team was led by Philip Graham, Global Head of our Investment Funds and Regulatory groups, who said: “Advising OurCrowd since their launch in 2013 has always been an absolute pleasure and this deal has been particularly exciting. This collaboration will create a bridge between Asia and Israel, creating opportunities for innovation and growth in both markets.”

Over the past several years, Japan-Israel trade has increased significantly with Japan becoming one of the largest investors in Israeli tech and with over 90 Japanese companies now active in Israel. ORIX and OurCrowd will work to further increase cooperation between the two countries and enhance opportunities for Israeli startups throughout Asia. 

The BVI is one of the most popular jurisdictions for investment fund vehicles in the world with over 2,000 approved, registered and recognised funds with an estimated value of over US$300 billion. Our market-leading BVI Funds team is part of the global practice which advises on all aspects of the life of a BVI, Cayman, Cyprus of Luxembourg domiciled fund vehicle, including formation, restructuring and closure, both in distressed and planned scenarios.