ROCX fund from Thailand and Israel launches with $50M

OurCrowd from Israel and Thailand's RISE, have launched a pioneering deep tech fund, the "Rise OurCrowd Exponential (ROCX) Fund".

With a capital of $50M, this fund represents a significant milestone as Thailand's first venture capital initiative with a focus on Israel.

• Goal of the Fund? The ROCX Fund will concentrate on early-stage deep technology investments across various fields, such as cybersecurity, artificial intelligence (AI), health tech, and quantum computing, to name a few.

• When does ROCX launch? Backed by a leading Thai institution and overseen by a team of venture capital experts from Thailand and Israel, the ROCX Fund aims to start investments by the end of 2024.

• Funding Target? The fund aims to inject tens of millions of dollars into 20 to 30 companies within a period of two to three years.

• Partnership Objectives? RISE is committed to promoting corporate innovation and global startups, as stated by Dr. Kid Parchariyanon, Co-Founder and CEO of RISE. It intends to make a significant impact and improve lives across numerous sectors, from life sciences to agriculture, and from AI to cybersecurity.

• Bridging Borders? Jonathan Medved, the Founder and CEO of OurCrowd, further emphasized that the ROCX Fund, RISE, and OurCrowd partnership will form a unique bridge between Thailand, Southeast Asia, and emerging Israeli technologies.

RISE, a leading corporate innovation powerhouse in Southeast Asia, has collaborated closely with Fortune 500 companies, large family businesses, and government agencies across Southeast Asia to initiate and scale up innovation projects.

OurCrowd is the world’s leading online venture investing platform that enables institutions and individual accredited investors to invest early in emerging technology companies. The firm has seen tremendous growth, with $2.2B capital invested into more than 420 portfolio companies and 50 funds across the globe.