AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Summary
- OurCrowd collaborated with BNZ, which would give BNZ customers access to the global network of the venture capital investment platform and provide them opportunities with evolving tech companies.
- The NZ government Agency chose OurCrowd and Sprout Agritech of NZ to run an agrifood tech programme.
- The new partnership is likely to boost prospects for NZ startups.
OurCrowd, a global venture investing platform and the most active venture investor in Israel, and Bank of New Zealand (BNZ) entered into a partnership on 22 December. The collaboration will open the doors of OurCrowd's venture funds, companies, and global and domestic interaction opportunities, to the customers of BNZ.
OurCrowd was introduced in 2013, driven by the premise that as the global 'crowd' gets access to the VC-level funding opportunities, the industry of building startups becomes more significant and robust.
Charlotte Noble-Beasley, BNZ GM, Private Bank, expressed her excitement about the new collaboration. It will provide BNZ's high-net worth customers with access to one of the leading global investment networks in the world.
Source: Shutterstock
Clients will be able to tap OurCrowd's global network to gain investments with new tech firms,and have the opportunity to expand their investment portfolios further, she added.
She also noted that the new collaboration would increase the prospects of startups in New Zealand. BNZ supported NZ tech and was happy to give another pathway and operation to its tech company customers through OurCrowd, as per Noble-Beasley.
ALSO READ: Partners Life buys BNZ business from National Australia Bank for NZ$290M
Dan Bennett, OurCrowd Managing Partner, stated that New Zealand is a purposefully critical market for the VC investing firm. This new BNZ partnership would be a total win-win situation to help deliver deep global access to the BNZ high-income clients.
OurCrowd's partnership with NZ's Sprout
In December 2019, OurCrowd and its partner firms were selected by Callaghan Innovation (NZ government agency) to operate a new agtech and food tech acceleration program in NZ.
OurCrowd entered a group of firms, which included Finistere Ventures (top Agtech VC firm in the US), Fonterra (food giant in NZ), and Gallagher (animal management leader), headed by New Zealand's Sprout.
Sprout Chief Executive Dean Tilyard stated that the main motive of bringing together the 2 global firms was to offer more aid to entrepreneurs and organisations who wanted to develop solutions to difficulties that came up in global food production.
He added that Sprout aims at building a world-class network to support commercialisation and the global launch of initial phase agritech and future food technologies.
