Innogy SE partners with OurCrowd to look for investment opportunities in Israeli startups

Written By: Stratton Report
February 28, 2017

On February 28, Innogy SE and OurCrowd, an equity crowdfunding platform, announced a new business partnership to scout investment opportunities in Israeli startups.

Peter Terium, CEO of Innogy SE remarked:

We are on a quest for innovation and are excited to be present in the vibrant and innovative eco-system here in Israel. We have our own innovation team in Israel, connecting us with the startups and innovators in the country. OurCrowd is a natural partner for us. We are impressed by the depth of OurCrowd’s exposure and the quality of their portfolio. This partnership will enhance our ability to identify, invest in and build new successful business – and to do it fast.

OurCrowd, a platform that connects investors and startups around the world, will help funnel Israeli technology startups that support Innogy’s goal of enhancing the energy sector through decarbonisation, decentralisation and digitalisation.

Jon Medved, Founder and CEO of OurCrowd noted: “We’ve been impressed by Innogy’s growing presence in Israel and thrilled to enter into this new strategic partnership. This partnership will give our portfolio companies a quality gateway to the European markets, with one of the most innovative and well positioned new breed of utilities. The Innogy mission is to inspire people, offering solutions and making lives easier – something that we at OurCrowd believe in passionately.”

According to the firms, Innogy’s Innovation Hub has established an outpost in Israel to engage with innovative startups in its areas of interest (Smart & Connected, Urban Solutions, Disruptive Digital, Big Data and Machine Economy/Blockchain), managed by Mickey Steiner.

Innogy was formed from the restructuring of the RWE Group and started operations in 2016.