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Israeli VC OurCrowd Sees Limited SVB Risk in Portfolio So Far

Israel-based venture capital firm OurCrowd transferred ‘almost all of our funds’ out of Silicon Valley Bank, with 85% of portfolio companies having minimal to no exposure. OurCrowd had transferred ‘almost all of our funds’ from SVB to other institutions by the end of Thursday.

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  • OurCrowd transferred 'almost all of our funds' out of SVB.
  • More than 85% of the portfolio companies have “minimal to no exposure”.
  • OurCrowd had transferred “almost all of our funds” from SVB to other institutions by end of Thursday.
Israeli VC OurCrowd Sees Limited SVB Risk in Portfolio So Far
OurCrowd, a SoftBank Group Corp-backed Israeli venture capital firm that provides a crowd-funding platform for investors, said it transferred “almost all” of its money out of Silicon Valley Bank before the lender failed — and more than 85% of the portfolio companies it has been in contact with have “minimal to no exposure.”
BloombergAnne VanderMey

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