NTT Finance, a subsidiary of NTT Group announced on Tuesday that it will establish NTT Finance Israel LP with OurCrowd, one of Israel’s largest network of investors. NTT Finance will commit $15 million to launch the program, and OurCrowd will provide early access to its deal flow pipeline. Through the Ourcrowd platform, NTT will leverage a value-added gateway to technologies like AI, IoT, Healthtech, and autonomous vehicles for potential investment.
“We are delighted to partner with NTT, one of the world’s leading telecommunications and IT companies,” said OurCrowd CEO Jon Medved. “Working closely with NTT, we expect to further strengthen ties between Israel, Japan, and the global tech community.”
OurCrowd has revealed that
NTT Group (Nippon Telegraph and Telephone), will establish
NTT Finance Israel LP in partnership with OurCrowd.
According to OurCrowd, NTT Finance will initially commit $15 million for a dedicated investment program. OurCrowd will provide early access to its deal flow pipeline. NTT will use the OurCrowd platform to access deals in areas like AI, IoT, Medical/Healthcare and Autonomous vehicles industries, and more.
OurCrowd CEO
Jon Medved said they are delighted to partner with NTT:
“Working closely with NTT, we expect to further strengthen ties between Israel, Japan, and the global tech community.”
NTT Finance President
Yoshikiyo Sakai added that this will contribute to business growth for both NTT Group and startups in Israel, “facilitating potential opportunities to launch collaborations between their businesses, through expanding venture investments in IT startups.”
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