Six Israeli Startups That Raised Over $1M Using Crowdfunding Platform OurCrowdDec. 8, 2013
A good startup is usually made up of at least four components: A good idea, a strong team, dedication and funding. While the first are in the hands of the entrepreneurs themselves, the latter is dependent upon a handful of people with who you may get no more than a few minutes to pitch your idea.
That is why a new method to fundraise beyond the usual VC-rounds and asking your grandmother to dip into her savings has taken the startup world by storm: Crowdfunding. But while Indiegogo and Kickstarter have led to many an obscure project hitting the jackpot (think Pebble, which raised a whopping $10 million), most startups would still rather have the backing of serious investors with an understanding of the startup world.
That’s where the hybrid model comes in, with OurCrowd, an Israeli crowdfunding platform that allows only accredited investors to invest in startups that have been curated by the OurCrowd team. This allows startups to gather lower financial commitments, but from a larger pool of investors, while still maintaining the focused direction of standard fundraising.
NoCamels features six startups that have raised over $1 million using OurCrowd. The companies are NativeFlow, FireBlade, enVerid, WebyDo, VeiwBix and Argo.
Argo has raised $1.3 million in June 2013 via OurCrowd. Argo has developed a revolutionary exoskeleton device called the ReWalk, providing paraplegics with an independent, natural walking experience that provides them numerous social, psychological and physical benefits. The Company offers two ReWalk models – the ReWalk Personal for use at home, currently available in Israel and Europe; and the ReWalk Rehabilitation that is now available in Israel, Europe and the U.S. The company’s founder, Dr. Amit Gofer, is a quadriplegic who invented the device because of his own personal story and experience.
For the full NoCamels project click here.