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Durable social initiatives

In June 2013, OurCrowd became the first fund to require its Israeli companies to commit equity to a charitable cause, demonstrating its commitment to the nonprofit world in a notable way. Through a unique partnership with Tmura, the Israeli Public Service Venture Fund, OurCrowd requires its Israeli portfolio companies to donate a portion of their equity as part of the closing of any funding round. These requirements are integrated right into the term sheets and investment contracts. Every portfolio company understands that a part of its ultimate upside will be shared with the community to benefit nonprofit organizations.

About Tmura

Tmura’s mission is to develop a culture of giving within the high-tech sector, and share the wealth that is being created by the country’s technology industry with the broader society. Established in 2002 by leading Israeli venture capital funds, Tmura involves the high-tech sector in supporting charitable activities. The model is simple and powerful: early-stage companies give Tmura a warrant, convertible (at exit) into a small portion of their equity. If the company succeeds, Tmura sells its shares and donates the proceeds to charities in Israel; the focus is on education and youth-related activities, and the companies can indicate which organizations they want to support.

Read more about the cooperation between OurCrowd and Tmura in OurCrowd's press release from June 25th, 2013, Israel’s OurCrowd Launches Social Responsibility Initiative with Tmura, available as a PDF here

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