Karsten Wenzlaff, Advisor
August 26th, 2025
Business Wire | Source Press Release | Feb 10, 2015
OurCrowd joins Rocket Internet AG (RKET), Canaan Partners and other investors as it completes largest Equity Crowdfunding round in History
JERUSALEM--(BUSINESS WIRE)--OurCrowd, the leading equity crowdfunding platform for accredited investors, announced that it lead a $16M Series E funding round for Borro, the UK-NY based, asset-backed online lender. OurCrowd was joined by Rocket Internet AG (RKET), Canaan Partners and Augmentum Capital in this funding round. OurCrowd alone raised $6M of the capital invested, making this the single largest equity crowdfunding round ever completed and demonstrates how equity crowdfunding can complement and even lead traditional funding sources, such as venture capital.
OurCrowd Founder and CEO, Jon Medved, commented, “In under two years, OurCrowd went from participating in early seed rounds to now successfully leading a $16M dollar major funding round together with Tier 1 VCs such as Canaan and the renowned internet company, Rocket. We are delighted to be investing in quality companies like Borro, which is redefining the Fintech industry.”
Launched in the UK in 2009 and in the US in 2012, Borro has defined a new category of online personal asset-based lending. Borro focuses on providing liquidity to individuals, entrepreneurs, and business owners who use luxury personal assets such as watches, jewelry, supercars, fine art, antiques and high-end handbags as collateral for short term loans.
OurCrowd Founder and CEO, Jon Medved said, "Seven years ago, I joined the first angel investor group at Lending Club (LC) and witnessed first-hand the exponential growth of online lending. Lending Club’s IPO in December of 2014 was a pivotal point in the online lending industry and has shown that there will be multiple winners with eventual multi-billion dollar market caps. ”
Paul Aitken, CEO and Founder of Borro, said: “We are delighted with our collaboration with OurCrowd. Their ability to lead this important funding round has proven that equity crowdfunding has indeed come of age. I was excited by the quality of the investors they have brought to the table and am looking forward to their adding additional value to Borro as we move forward.”
Borro was recently ranked #8 right behind Lending Club (NYSE:LC) #6 and OnDeck #7 (NYSE:ONDK) in KPMG’s 50 Best Fintech Innovators Report. OurCrowd ranked #22 on the list. Borro is backed by a consortium of high caliber VC investors with significant expertise in online finance. Investing alongside OurCrowd is Rocket Internet AG, a German internet company based in Berlin that builds online startups and owns share of various internet companies including Foodpanda/Hellofood, Home24, Jabong, Jumia and Lamoda. Other Borro investors include Canaan Partners (investor in Lending Club) and Augmentum Capital (investor in the UK’s top lending marketplace, Zopa). Borro has recruited notable financial industry veterans to its board of directors who bring a significant amount of experience to the company, including Nigel Morris (co-founder Capital One) as Chairman and Paul Grattan (ex-CEO Egg, First Direct.)
About Borro:
Borro launched in 2009 in the UK, and has gone on to open offices in New York and Los Angeles. It is the leading online platform for luxury asset-backed lending and has defined a new lending category in a climate where loans to individuals, SMEs and entrepreneurs were few and far between. Borro offers loans from $5,000 - $2,000,000 secured against luxury assets including fine art, antiques, jewelry, luxury watches, fine wine, prestige and classic cars and other high value assets. Borro investors include: Canaan Partners (Lending Club), Eden Ventures, Augmentum Capital. Borro’s board of directors includes Nigel Morris (co-founder Capital One) as Chairman, and Paul Gratton (ex-CEO Egg, First Direct). More information can be found at www.borro.com/uk.
About OurCrowd:
OurCrowd is the leading hybrid venture capital equity crowdfunding platform for accredited investors who wish to invest in Israeli and global early stage companies. Managed by a team of well-known investment professionals and led by serial entrepreneur Jon Medved, OurCrowd selects opportunities, invests its own capital and brings these startups to its accredited membership. Members choose those deals they invest in via OurCrowd-managed partnerships. OurCrowd investors must meet stringent accreditation criteria and invest a minimum of $10,000 per deal. OurCrowd provides post investment support to its portfolio companies, assigning industry experts as mentors and taking board seats. OurCrowd has raised over $100 million in equity crowdfunding for its 57 portfolio companies which include leading companies, such as: BillGuard, Consumer Physics (SCiO), BioCatch, Abe’s Market and ReWalk, OurCrowd’s first portfolio company to complete a successful IPO on the NASDAQ. Visit us online: www.ourcrowd.com.

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 950+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more About Us or visit ncfacanada.org.
Crowdfund Insider | | Dec 16, 2014
InvestX Capital announced on Tuesday (December 16th) the beta launch of its cross-border private equity crowdfunding marketplace for U.S. and Canadian investors, opening up an asset class previously only accessible through larger (USD $1 million or higher) investments. For the first time, InvestX will provide accredited retail investors with direct access to high-quality private equity opportunities at low minimum investments (starting at USD $2,500), sourced and thoroughly vetted by a select group of partnering private equity firms.
The initial offering on the InvestX beta site allows accredited investors the opportunity to invest in Cleveland HeartLab’s Series C financing. Cleveland HeartLab (CHL) is a well-established, five-year old health sciences company known as one of the leading providers of comprehensive cardiovascular disease prevention, diagnosis and management services. CHL has already secured over USD $32 million in funding from institutional investors such as Excel Medical Ventures, Healthcare Venture Partners, Mutual Capital Partners, Cleveland Clinic, and one of the world’s largest healthcare companies. Through its private equity partner, Mutual Capital Partners, InvestX has secured a USD $1,000,000 allocation for InvestX members with an expected closing on January 15, 2015.
Founder and CEO of InvestX Marcus New stated,“Private equity has long been used by institutions and ultra-high net worth individuals to add assets to their portfolios with traditionally higher returns than the public equity markets. Our goal is to democratize private equity investing – to provide every accredited investor with access to the same opportunities as the professional investor – and through InvestX, our private equity crowdfunding marketplace, there is an unprecedented opportunity to access established, high growth private companies that are already generating revenue.“
Earlier this year, InvestX closed a USD $5.2 million seed investment round from investors who support Mr. New’s vision. This included U.S. Global Funds, Meridian Funds, Pathfinder Asset Management, Mercury Capital, Mutual Capital Alliance and Stockhouse Publishing, along with a group of prominent angel investors. The private equity crowdfunding marketplace will use the funds to continue to build the InvestX platform and bring a wide variety of quality private equity opportunities to its members. Two additional deals are already sourced and will be available in early 2015.
An initial investor and U.S. Global Funds CEO Frank Holmes shared, “The passage of the JOBS Act has created a multitude of new investment opportunities, but high invested capital requirements can still be an issue for some ground floor opportunities. I was impressed with the structure of the InvestX marketplace and thought that the streamlined process offered on the platform would be appealing to accredited investors looking to diversify their portfolio.”
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Crowdfunding | Support
Startup Canada | November 27, 2014
OTTAWA, November 26, 2014 – Startup Canada announced today it will expand the Startup Canada Task Force from six to 11 member organizations in 2015 to better sync government and entrepreneurs.
The Startup Canada Task Force provides a platform for key national organizations advancing entrepreneurship to engage with government to advance mutually beneficial initiatives, programs and policies.
The organizations set to join in 2015 are:
“As the voice of entrepreneurs for federal policy development, the addition of these organizations will ensure the Task Force has the necessary information to drive the right policy and change the conversation on behalf of entrepreneurs,” said Task Force Chair Laura O’Blenis.
“The new members of the Task Force will add energy and expertise to the existing policy conversation, and fuel their implementation for the benefit of entrepreneurs and their startup businesses,” said Startup Canada CEO and Task Force member Victoria Lennox.
Since being founded in 2013, the Startup Canada Task Force has hosted more than 10 Ministers and established two memorandums of understanding with federal departments to facilitate information sharing and engagement in committees related to financial literacy for entrepreneurs.
The six new member organizations will work together with founding members including the Association of University Research Parks, Startup Canada, Canada’s Venture Capital & Private Equity Association, the National Angel Capital Organization, and the Canadian Association of Business Incubation.
The announcement was made at Startup Canada Day on the Hill, an influential event that facilitates collaboration between entrepreneurs and policy makers.
For more information, please email press@startupcan.ca.
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About Startup Canada
Startup Canada is a grassroots, entrepreneur-led movement founded in May 2012 that has become the most recognized, energized and active entrepreneurship organization in Canada. Startup Canada’s programs have mentored more than 20,000 Canadians, grown to represent more than 80,000 entrepreneurs, and increased entrepreneurial momentum, wealth and jobs in Canada while promoting Canada’s diversified economy and high quality of life.
Startup Canada is recognized globally as the benchmark for fuelling grassroots entrepreneurship. It has educated the leaders of peer organizations in the United Kingdom, Malaysia, South Korea, South America and the United States.
QUOTES FROM THE NEW MEMBER ORGANIZATIONS
“Partnerships through leadership task forces are key to advancing our mission and mandate,” saidCATAAlliance CEO, John Reid. “We are fully aligned with Startup Canada in a desire to advance Canada’s ranking as a competitive innovation nation through entrepreneurial success. We also share an interest in supplying new enterprises with resources and conditions to catalyze their success.”
“Startup Canada is the nation’s foremost entrepreneur network and the heart of innovation in Canada,” saidJeff Brownlee, VP of Public Affairs and Business Development at Canadian Manufacturers & Exporters (CME). “The newly-created task force is instrumental in fostering entrepreneurial innovation at the grassroots level — something that is critical to the future of Canada’s next-generation manufacturing sector.”
“For the past 15 years, we have focused on building research connections that support innovators and entrepreneurs in Canada,” said Mitacs Interim CEO and Scientific Director Rob Annan. “Our program alumni embrace this spirit—starting companies after graduation at a higher rate than their peers. Joining the Startup Canada Task Force enables us to share ideas, broaden program opportunities, and advance the policy work that helps emerging companies grow and positions Canada for a prosperous future.”
“The work that Startup Canada is undertaking nationally to connect, celebrate and elevate Canadian entrepreneurs is both impactful and necessary to broaden the aggregate value proposition that Canadian small businesses and entrepreneurs offer global markets,” said Craig Asano, Executive Director of the National Crowdfunding Association of Canada (NCFA). “NCFA Canada is a firm supporter of innovation, technology, economic growth, entrepreneurship and collaboration, and is keen to participate on the task force to improve crowdfunding financial literacy across the country.”
“TiE Canada is delighted to join the Startup Canada Task Force and we are looking forward to working together to build a stronger entrepreneurial community in Canada,” said Bharat Rudra, President of TiE Ottawa.
“Women’s Enterprise Organizations of Canada (WEOC) is a national association of agencies that support women entrepreneurs,” said Laurel Douglas, Secretary/Treasurer of Women’s Enterprise Organizations of Canada. “Women own over 35 per cent of the small businesses in Canada, and there is great economic potential to be gained from helping them grow their business. WEOC is delighted to be part of the Startup Canada Task Force and to partner with other enterprise support organizations to ensure that small businesses in all sectors get the help they need to drive the Canadian economy.”
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
Gigaom by Matthew Ingram | November 20, 2014
Google often gets criticized by publishers for taking their content without asking them first, but the web giant has probably done more to experiment with alternative monetization options for content than any other media entity. On Thursday it starts rolling out a new one called Google Contributor, which is designed to allow web users to pay sites that they visit a monthly fee, and in return see no Google ads when they visit those sites.
Google said the new feature is launching with 10 publishing partners, including Mashable, Imgur, WikiHow and Science Daily. When a user goes to the Google Contributor website (initial access is by invitation only), they see a list of the publishers that are participating in the beta version and they can choose whether they want to contribute $1, $2 or $3 a month.
The contribution — which is handled through a user’s Google account, using whatever payment method they have chosen for the service — doesn’t go to all of the participating websites, but is only triggered when that user visits a specific site (the service is working with U.S. sites only for now). That way, a Google spokesperson said that readers or users can support only the websites and publishers whose sites they visit frequently.
For publishers, the contributions are handled through their existing Google advertising accounts, with the search giant taking a small cut of the proceeds. In effect, the contributions are an alternative to just relying on Google AdSense. The company said it chose partners who didn’t have too much traffic (with the exception of Mashable, which gets 40 million uniques a month) because it wanted to start small and see how much the feature would get used.
One of the most interesting features of the project is that after the Google Contributor payment is triggered, a user will no longer see the usual advertising from Google on the pages of the site they are visiting — instead, they will see a message from the publisher, thanking them for their contribution. And in some cases, on mobile versions of the site, ads may disappear altogether.
The Google spokesperson who described the project said Contributor was another example of the company’s attempts to help web publishers and content companies monetize their readership more easily, along with similar experiments like Google Consumer Surveys, which allows websites to require that readers fill out a survey before they get access to content.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
NCFA Canada | Craig Asano | Nov 11, 2014
TORONTO, ON November 11, 2014 – The National Crowdfunding Association of Canada (NCFA Canada) today announced that Lauren Linton has joined the Association’s Advisory Board as a Consultant.
"We’re delighted to have Lauren, a seasoned association management professional with a proven track record join NCFA Canada to develop new strategic partnerships, industry and member-orientated value propositions, programming, and events”, said Craig Asano, Founder and Executive Director of NCFA Canada.
Lauren is a marketing and communications consultant with expertise in association management and in the Canadian innovation arena. From 2001-2014, Lauren was the Director of Marketing for the CVCA- Canada’s Venture Capital and Private Equity Association, setting the strategic direction and developing the majority of the revenue programs for the association.
Prior to 2001 Lauren held senior marketing positions in the travel industry and from 2003 to date has chaired various cancer fundraising events. Lauren holds a Bachelor of Commerce degree in Marketing and Finance from the DeGroote School of Business, McMaster University.
"In an ever-changing world, business ideas and innovations frequently outweigh capital availability and crowdfunding provides the capital as well as a "straight-to-consumer" gateway. Crowdfunding is here to stay and Canada should be playing a significant role in this exciting and innovative new global phenomena. Just imagine the possibilities when you harness THE POWER of MANY,” said Lauren Linton
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NCFA Canada is a nationally organized, non-profit crowdfunding trade association providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. Dynamic and inclusive, NCFA Canada works closely with industry groups, government, academia, business associations and affiliates to create a strong and vibrant crowdfunding industry and voice across Canada. For more information please visit: ncfacanada.org | About Us.
Source: NCFA Canada
For more information please contact:
Media Contacts:
Craig Asano
Executive Director
NCFA Canada
p. (416) 618-0254
e. casano@ncfacanada.org
NCFA Press Release | November 5, 2014
TORONTO, Nov. 5, 2014 /CNW/ - The National Crowdfunding Association of Canada (NCFA Canada) today announced the industry's first Canadian Crowdfunding Summit to be held on Tuesday, March 3, 2015, as the foremost event for leaders in the Canadian crowdfunding space.
The inaugural 2015 Canadian Crowdfunding Summit will provide an exclusive opportunity to learn vital content and network with industry experts gathering to highlight economic progress, regulatory updates, best practices, insights and trends impactful to the future growth of the Canadian crowdfunding industry.
With favourable regulations imminent in Canada and the global crowdfunding industry experiencing explosive growth from $1.5 billion raised in 2011 to over $5 billion in 2013, crowdfunding has emerged as an increasingly popular source of innovation and social capital for small to medium sized enterprises (SMEs), new ventures, projects and cause-based organizations. The World Bank released a report in October 2013 predicting that crowdfunding could blossom into a $96 billion industry.
The full day educational agenda will feature high profile keynote speakers, panel discussions, workshops, entrepreneurial pitches, mentor sessions, and a trade show showcasing Canada's most forefront crowdfunding platforms and service providers. The program will cover a diverse range of topics including crowdfunding governance, market data, infrastructure, social enterprise and charities, opportunities for new entrants, and global perspectives.
"The 2015 Summit will be a first in Canada, bringing together financial innovation and crowdfunding leaders to help shape the future of the Canadian industry", said Craig Asano, Founder and Executive Director of NCFA Canada. "With so much activity happening on the US/UK conference circuit, it's about time Canada showcases the remarkable economic growth, innovation and entrepreneurship occurring every day in crowdfunding markets across Canada."
The 2015 Canadian Crowdfunding Summit will be held at MaRS Discovery District in downtown Toronto, and will feature startups listed in MaRS Impact Investing's accredited investor platform, the SVX. "MaRS is a leader in impact investing and social entrepreneurship as well as a hub for social finance," said Tim Jackson, MaRS Executive Vice President, Corporate and Community Relations, MaRS Discovery District. "In 2013, we established the SVX, North America's first platform connecting impact ventures, funds and investors to catalyze startups that demonstrate the potential for social or environmental return. We look forward to hosting Canada's first crowdfunding summit and the opportunity to highlight these innovative social ventures."
This announcement comes after a successful equity crowdfunding and venture capital cross-Canada tour organized by NCFA Canada this summer that brought together key participants to discuss Canada's proposed crowdfunding regulations. NCFA Canada expects the Summit to attract over 300 delegates from across the country, varying from crowdfunding industry leaders such as portals, accounting and legal professionals, dealer-brokers, marketers, private angel investors and venture capital funds, social enterprise impact investing companies, government, academia, media journalists and entrepreneurial networks.
The National Crowdfunding Association of Canada (NCFA Canada) is a nationally organized, non-profit crowdfunding trade association providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. Dynamic and inclusive, NCFA Canada works closely with industry groups, government, academia, business associations and affiliates to create a strong and vibrant crowdfunding industry and voice across Canada. For more information please visit: www.crowdfundingsummit.ca
MaRS Discovery District in Toronto is one of the world's largest urban innovation hubs. MaRS cultivates high-impact ventures and equips innovators to drive economic and societal prosperity. MaRS provides expert advice and market research, and makes connections to talent, customers and capital. MaRS startup clients have created 6,500 jobs and, in the last three years alone, they have raised $1 billion in capital and generated $500 million in revenue. For more information please visit: www.marsdd.com.
# # #
For more information, please contact:
Media Inquiries:
Craig Asano
416-618-0254
Sponsorship and Partnership Inquiries:
Lauren Linton
416-569-4349
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
CNW DreamQii Press Release | Nov 4, 2014
TORONTO, Nov. 4, 2014 /CNW/ - Thanks to the stunning success of their crowd funding efforts - quadrupling their initial goal and raising over $450,000 in one month on IndieGogo - DreamQii is pleased to announce that they will be bringing the PlexiDrone to market in the spring. The small, sophisticated and easy-to-use drone is operated by a smart phone or tablet and allows users to capture breathtaking aerial photography with unprecedented ease. The device is the first of its kind to be designed and manufactured in Canada.
Leading camera retailer, Henry's, will also carry the Canadian-made drone. Shoppers can look for the PlexiDrone in stores and online next spring. Combined sales through crowd-funding and retail agreements exceed $1M USD.
A team of Canadian designers, engineers and entrepreneurs built the PlexiDrone with consumers in mind. The device snaps together in under a minute and requires no tools for set-up. PlexiDrone offers simplified multi-vantage-point swarm filming, GPS "follow me", advanced obstacle avoidance, and retractable landing gear that provides a 360-degree unobstructed field of view allowing users to easily produce professional level shots.
"Since we launched our crowdfunding campaign, the response from our backers has been overwhelmingly positive and we are well ahead of our sales projections," said Klever Freire, an aeronautical engineer and co-founder and CEO of DreamQii. "We are truly grateful for the worldwide support from everyone who funded the campaign."
Relationships with Henry's and BublCam bring added strength to the PlexiDrone product line. These partnerships have allowed DreamQii to bring different perks throughout the crowdfunding campaign, offering both backers and prospective buyers many reasons to support the campaign.
"DreamQii's PlexiDrone camera platform meets the needs of our customers with features like GPS follow-me and a 360-degree unobstructed field of view," said Mark Wolfson, Vice President of Sales at Henry's. "With its ease of use, extreme-portability and industrial design, PlexiDrone is a great product for film makers and photographers, which is why we will support it through all our retail stores, on-line, and through our flight schools."
"We love the PlexiDrone. Bubl and DreamQii agree that portability and ease-of-use are design essentials," said Sean Ramsay, CEO of Bubl. "Together, we are transforming aerial photography, bringing an unobstructed 360-degree view to consumers."
"We could not be more thrilled for the DreamQii team. They are exemplary members of our startup community who have proven that they are market leaders, consistently delivering ahead of their business targets," said Valerie Fox, Executive Director at the Digital Media Zone at Ryerson University.
Beyond its strong technical specs, the PlexiDrone is also fun to use. This social robot offers customizable voice prompts designed to engage, inform and entertain the user. Instead of watching for status indicators like blinking or color-coded LEDs, PlexiDrone talks to the user in its default upper-crust British accent. The voice can also be swapped out for a fully customized experience.
Source: Press release DreamQii Launches Plexidrone designed and manufactured in Canada
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.