Israel based crowdfunding company OurCrowd has announced the hiring of veteran investment banker Andy Kaye as its new President and Chief Institutional Officer.
OurCrowd has two main arms – the one which invests in (mostly) tech startups, and the other which deals with the multitude of outside investors, now numbering more than 17,000. Mr. Kaye will head the latter group.
The new position represents something of a homecoming for the British-born but Israeli-raised Mr. Kaye, coming back to Israel after spending the past seven years abroad – five years in China as Head of Asia for investment bank William Blair, followed by two years in London as Managing Director of EMEA Tech. Mr. Kaye also held senior technology investment banking positions with CIBC and Robertson Stephens.
The OurCrowd community, founded by Israeli venture capital veteran Jon Medved, consists of about 17,000 investors from over 110 countries, and has invested over $400 million into 110 portfolio companies and funds. The company has seen 13 exits from its investment portfolio to date, two IPOs and 11 acquisitions.
Mr. Medved said of Andy Kaye’s hiring:
Andy is incredibly well known and respected in both Israel and in financial centers worldwide. We are fortunate that he is bringing his extensive network, relationships and considerable skills and energy to the OurCrowd family.
Andy Kaye added about his new position:
OurCrowd is changing the face of venture capital investment and opening up this asset class to new players worldwide. I am excited by the challenge of helping to scale OurCrowd’s business among world leading investors, banks and wealth management platforms.