“Israel as a startup world power”

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  • Top investment opportunities
  • Startup of the Week: YuLife, Gamified insurance
  • "Israel as a startup world power"
  • Byrider picks Lightico for digital loan processing, slashes turnaround time
  • Watch: OurCrowd FoodTech fund event
  • Gen Z sports community Overtime raises $100M
  • Pizza Hut taps Consumer Physics device for Dairy Farmers partnership
  • Ossio launches its unique orthopedic sutures in US
  • BBC: SeeTrue can help us through the "Summer of Lost Luggage"
  • Introductions
  • More than 4,200 high-tech jobs

Startup of the Week
YuLife: Gamified insurance
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Our UK-based portfolio company YuLife is bringing a breath of fresh air to the insurance industry. Instead of focusing on claims compensation, the company's business model is centered on risk prevention and incentivizing policy holders to stay healthy. YuLife sells insurance while providing organizations with the tools and data to drive healthier living among their employees. Through the YuLife app, workers get real-world rewards for engaging in simple, healthy habits that reduce the risk of major chronic physical and mental diseases. YuLife also works to prevent illness with 24/7 access to virtual healthcare. The company's gross written premiums grew 3.7X YOY in 2021, and have already surpassed last year's total in the first half of 2022. YuLife has also landed marquee clients including CapitalOne, Tesco, Co-Op, Santander, Penguin Random House, Sixt Rent a Car, FSCS, QinetiQ and Jaguar Land Rover, while taking big steps toward international expansion. OurCrowd is participating in its Series C funding round, being led by one of Asia's largest insurance companies.  

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"Israel as a startup world power"

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Technology is constantly transforming the world we live in. But since its earliest days, OurCrowd has been mindful of just how important a role Israel is playing in this global revolution. I spoke to the Media Line and shared my insights on how OurCrowd has grown, yet stuck to its principles over the years, what kind of startups we're looking at now, the current market conditions, and where we can still step up our game.  

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Byrider picks Lightico for digital loan processing, slashes turnaround time

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Leading US auto dealership Byrider is putting its trust in our portfolio company Lightico. It has adopted Lightico's Digital Completion Cloud platform to efficiently collect documents and process loans, Non-Prime Times reports. The result: an 86% faster turnaround time, 84% completion rate and significantly improved customer and employee satisfaction. "The switch to Lightico has assisted us in lowering operating costs, improving associate productivity, and providing a more positive experience for our customers," says Timothy Brown, a Regional Collection Manager at Byrider, which has sold over 1.2M cars at more than 150 locations across the US. Lightico is currently funding on the OurCrowd platform.

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Watch: OurCrowd FoodTech fund event

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A growing number of startups are stepping up to the plate and trying to come up with tech-based solutions on how to produce enough food to feed the planet's growing population without further damaging the environment. Since day one, OurCrowd has been part of the FoodTech revolution. We are Israel's most active FoodTech investor and ninth in the world overall. Now we've launched the OurCrowd FoodTech fund that will invest in a diversified portfolio of startups, all looking to make sure we won't grow hungry in the future. I sat down with Noga Sela Shalev, CEO of our Fresh Start incubator, Aviv Wolff, Co-founder and CEO of our no-cow dairy pioneer Remilk, and Richard Lackey, Chairman and Founder of the World Food Bank, to discuss the current FoodTech ecosystem and how the sector is ripe for investors.

Watch Now

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Take a Look at Funding Opportunities

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Revolutionizing drug discovery by applying the latest innovations in cloud, quantum computing, artificial intelligence, and machine learning.

The only 3D printing technology able to create high-quality large-scale products made of polymers using its proprietary, fully automated robotic digital production platform.

Life-saving medication safety monitoring platform using AI and big data to prevent dangerous prescription errors and abuse, alerting physicians in real time.

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See all opportunities here

 

Top Investment Opportunities

ProFuse: The future of lab-grown meat

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The world's population is growing fast, threatening the future of global food supplies. Within 30 years, the meat industry will need to double its production to meet demand. Consumers are looking for meat alternatives to replace those produced from farm animals. Israeli startup ProFuse has created the technology to produce lab-grown meat at scale, based on years of research at the Weizmann Institute. The company launched a first-of-its-kind, proprietary AI platform that slashes a key part of the product optimization process from weeks to seconds, and the industry is taking notice. New investors in ProFuse include two US-based VCs that are leading investors in the cultivated meat sector, and a major beef supplier. OurCrowd has an allocation in ProFuse's current funding round.

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ThetaRay: AML platform trusted by Tier-1 banks, FinTech giants

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FinTech powerhouses Nuvei, Payoneer and Travelex are among new clients of ThetaRay, whose AI-powered platform helps financial institutions comply with regulatory anti-money laundering and data privacy programs. The company's proprietary algorithms analyze transactions against dozens of risk indicators associated with financial crimes to detect anomalies that suggest criminals or terrorists are moving money. Three of the 12 largest correspondent banks outside China and several Tier-1 UAE banks also entrust their cross-border transactions to ThetaRay, which is currently funding on the OurCrowd platform.

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Top Tech News

Gen Z sports community Overtime raises $100M

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Sports community for millenials and OurCrowd portfolio company Overtime raised $100M in its Series D funding round, Forbes reports. Overtime has created new, video-driven sports leagues that have garnered more than 800M views in their first year alone. The company's content gets more than 2B video views each month. Liberty Media, which has ownership stakes in high-profile sports and media companies including Formula 1, the Atlanta Braves, SiriusXM and Live Nation Entertainment, co-led the round. Other investors include Morgan Stanley, Jeff Bezos, Black Capital and over 30 NBA stars.

 

Pizza Hut taps Consumer Physics device for Dairy Farmers partnership

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Pizza Hut wants dairy farmers to reduce greenhouse gas emissions and is enlisting a marquee device produced by our portfolio company Consumer Physics to help out. The chain will provide participating members of the Dairy Farmers of America with the technology and data needed to carry out the environmentally friendly mission, FeedStuffs reports. Once enrolled, farms will receive a SCiO cup, the world's fastest lab-grade dry matter analyzer produced by Consumer Physics, allowing farmers to analyze their cows' feed, helping to deliver precise nutrition – and in turn, produce milk more efficiently, create less waste and reduce on-farm greenhouse gas emissions. By 2025, Pizza Hut aims to source 50% of the dairy used to make its pizza cheese from dairy farms enrolled in the program.

  

Ossio launches its unique orthopedic sutures in US

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MedTech innovator and OurCrowd portfolio company Ossio launched its proprietary Suture Anchors used for orthopedic surgery in the US. They are part of the company's intelligent bone regeneration technology product line that integrates with the host's bone during the healing process. The new implant was also used for the first time in the US in a clinical practice. The Suture Anchors were FDA-cleared in March.

 

BBC: SeeTrue can help us through the "Summer of Lost Luggage"

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It's being called the "Summer of Lost Luggage." With the perfect storm of seasonal vacation in full gear and airports around the world severely understaffed, luggage is arriving late or disappearing altogether at a staggering rate, writes Natalie Lisbona of the BBC. One startup that can help is our portfolio company SeeTrue, which scans carry-on pieces faster than human security staff. "SeeTrue uses artificial intelligence and computer vision algorithms to discover prohibited items in bags," says CEO Assaf Frenkel. "It connects to the existing X-ray and CT scanners, and detects in real-time, faster and more accurately than most human eyes, always on, and never getting tired or distracted. As a result, baggage is delivered on time to the planes and not left behind."

Introductions

Your portfolio gets stronger when the OurCrowd network gets involved. Visit our Introductions page to see which of our companies are looking for connections that you may be able to help with.

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More than 4,200 High-Tech Jobs

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jon medved

Jon Medved
CEO, OurCrowd

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THE FOREGOING DETAILS ARE BASED ON INFORMATION RECEIVED FROM, AND VERIFIED SOLELY BY, THE RESPECTIVE PORTFOLIO COMPANIES. CERTAIN INFORMATION IN THIS COMMUNICATION CONTAINS "FORWARD-LOOKING INFORMATION" UNDER APPLICABLE SECURITIES LAWS ("FORWARD-LOOKING STATEMENTS"). THESE MAY INCLUDE, AMONG OTHERS, PROJECTED PERFORMANCE; EXPECTED DEVELOPMENT OF THE COMPANIES' BUSINESS, PROJECTS AND PARTNERSHIPS; EXECUTION OF THE COMPANIES' VISION AND GROWTH STRATEGY; AND THE LIKE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND SHOULD NOT BE RELIED ON IN ANY WAY.

Nothing contained in and accompanying this communication shall be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security by OurCrowd, its portfolio companies or any third party. Information regarding OurCrowd's limited partnerships and/or portfolio companies and the investment opportunities on OurCrowd's website is intended and available for accredited investors only (criteria at OurCrowd). OurCrowd urges potential investors to consult with licensed legal professionals and investment advisors for any legal, tax, insurance, or investment advice. OurCrowd operates in Canada through OurCrowd Canada Inc., an exempt market dealer registered in the Provinces of British Columbia, Alberta, Manitoba, Ontario, Quebec and Nova Scotia.

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