Thailand’s RISE and Israel’s OurCrowd launch $50M deep tech fund

OurCrowd, an Israel-based digital investment platform, and RISE, a Thailand-based corporate innovation powerhouse, have on Tuesday announced the launch of the $50 million deep tech fund – Rise OurCrowd Exponential (ROCX) Fund.

The duo said in a statement that the fund is Thailand’s first Israel-focused venture capital fund and will invest in early-stage deep technologies in cybersecurity, artificial intellingece (AI), HealthTech, semiconductors, quantum computing, ClimateTech, AgTech, FoodTech, and more.

The ROCX Fund, anchored by a major Thai institution and managed by an experienced team of venture capital experts from both Thailand and Israel, will begin investing by the end of 2024.

The fund plans to deploy tens of millions of dollars over a two to three years period into 20 to 30 companies with a promising track record and the capacity to develop and deploy solutions with proven product-market fit, providing them with the capital to scale up their commercial growth with leading corporations across Southeast Asia.

“RISE is dedicated to fostering the growth of corporate innovation and global startups by facilitating powerful collaborations with leading corporations across Southeast Asia, creating mutually beneficial partnerships that drive growth and market expansion,

This new fund in partnership with OurCrowd will invest in the most cutting-edge deep technologies both Israel and Asia have to offer and put them to work in creating maximum impact and changing lives, from life sciences to agriculture, from artificial intelligence to cybersecurity and beyond,” said Dr. Kid Parchariyanon, Co-Founder and Chief Executive Officer of RISE.

Meanwhile, OurCrowd Founder and Chief Executive Officer Jon Medved said the partnership between the ROCX Fund, RISE and OurCrowd will create an unprecedented bridge between Thailand, greater Southeast Asia, and emerging Israeli technologies.

“OurCrowd is Israel’s most active early-stage investor with a 10-year track record of fostering collaboration between hundreds of portfolio companies around the world with thousands of multinational corporations across dozens of countries,

“The new joint capacity unleashed by the ROCX Fund has the exponential potential to leverage the innovation from Startup Nation for the benefit of Thailand and the regional ecosystem to generate a double bottom line of gross domestic product (GDP) growth and social impact across Southeast Asia,” he added.

RISE is a leading corporate innovation powerhouse based in Southeast Asia with the mission to raise regional GDP by 1 percent.

RISE works closely with Fortune 500 companies, large family businesses, and government agencies across Southeast Asia to set up and scale innovation initiatives through five corporate services: Corporate Innovation Consulting, RISE University, SeaX Ventures, and Athena.

OurCrowd the online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage.

The firm has grown rapidly into the world’s leading online venture investing platform with $2.2 billion capital deployed into more than 420 portfolio companies and 50 funds in five continents across dozens of major technology sectors.

OurCrowd’s FinTech platform leverages AI and advanced automation tools to identify world-class startups, empower hundreds of thousands of accredited investors, corporate venture capitals, and family offices to discover and participate in exclusive investment opportunities, and rapidly realize commercial connections between the portfolio companies and major corporations worldwide, resulting in hundreds of millions of dollars of contract value.

HASHTAG: Tech

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