Crowdfunding platform OurCrowd, which has now become Israel’s most active venture firm, today announced that it is expanding its operations in Abu Dhabi by launching a new office and AI tech hub — enabled by the Abu Dhabi Investment Office — in the emirate. In total, OurCrowd plans to invest $60 million as part of this move.
It’s only been a bit over two years since Israel and the United Arab Emirates normalized their diplomatic ties, but OurCrowd was among the first to apply for a license to operate in the emirate. OurCrowd Arabia opened in Abu Dhabi in 2021 and its new investment center in the country will manage its deals there and also cater to its investors in the emerging market. In total, the firm expect …
