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September 12, 2022 - NEO announced that global venture investing platform OurCrowd is providing investors with access to their deals with the launch of the OurCrowd Portfolio Index Fund (“OC50”) on NEO Connect, under the ticker symbol OCVII.
Powered by NEO technology, NEO Connect allows transactions in private companies, private funds, and other investment vehicles easier for participating dealers, financial advisors, companies with private listings, and their investors.
OurCrowd is a venture investing platform, based in Israel, that allows individuals and institutions to invest in private companies.
The OC50 Fund is a diversified investment vehicle that provides exposure to the venture capital asset class within a single investment.
The private placement offering for OC50 on NEO Connect offers the opportunity for accredited investors to gain access to venture deals previously reserved for institutional investors and venture capitalists, at low investment minimums.
“OurCrowd, one of the leading VC investment platforms globally, is delighted to join forces with NEO, a world-class partner, to execute our mission and democratize access to Venture Capital for broker-dealers in Canada,” commented Gonen Hollander, Director of Investor Relations - Canada at OurCrowd.
“With NEO, we are planning to offer a wide range of OM funds and single-name private investment opportunities in leading-edge technologies while increasing transparency and reducing costs. Starting with OC50, OurCrowd’s flagship product, was an obvious choice. OC50 provides immediate access to 50 private technology companies and is highly diversified across sectors, stages, and geography. Using the OC50 Fund, portfolio managers and financial advisors can allocate to venture capital in a systematic way like never before.”
Launched in 2016, NEO Connect has raised more than $2Bn across 125 listings. The platform is available to advisors, dealer networks, and asset managers for assets not listed on a stock exchange, including mutual funds, OM funds, and private companies. An initial test trade for Dealers can typically be organized and executed within 24 hours.
“Disruption through bold innovation is a common value shared by OurCrowd, the private companies contained within OC50, and NEO,” stated Erik Sloane, Chief Revenue Officer of NEO.
“OurCrowd’s OC50 campaign on NEO Connect is a convenient way to round out stock picking in private companies while managing risk. It’s a lighthouse example of the unique and exceptional opportunities available to all Canadian investors, which previously, were only accessible to the very few. The NEO Connect platform has made it possible by democratizing and digitizing the private markets ecosystem - that’s something to be proud of.”
The Fund is available under the ticker OCVII on existing advisor order entry systems. To learn more, contact Gonen Hollander at 416.799.7232 or at [email protected]. Advisors can also find details of the OC50 Fund on NEO’s partner, DealSquare, which provides company and fund information as well as the ability to complete required subscription documents directly from the DealSquare platform. Registration is required - advisor use only.
