AltFi.com uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.

Your daily download of all things alternative finance and fintech, from us at AltFi


 

OurCrowd Appoints Chief Exit Officer




By Ryan Weeks on 26th March 2015


A brief personnel update on Israeli equity crowdfunding firm OurCrowd, which has appointed a new Chief Exit Officer (CXO).

 

Joel Maryles, a 30 year veteran of Wall Street, has assumed the newly formed title. Mr. Maryles has been involved in $20bn of transactions for a range of prominent Israeli tech companies. He founded Citigroup’s Israel Investment Banking operations and spent a decade managing it. During his time in this role Mr. Maryles closed over sixty transactions, including IPOs, follow-on equity offerings and various merger and acquisitions.

 

It’s an appointment that bodes well for the platform’s rapidly expanding base of accredited investors. OurCrowd is currently the only equity crowdfunder to have delivered a successful exit via IPO (excluding the Mill Residential REIT that was funded via SyndicateRoom). ReWalk Robotics, twice-funded through the OurCrowd site and now traded on the NASDAQ, became an overnight poster-child for the equity crowdfunding space upon going public – swelling the value of the associated OurCrowd investors by a multiple of 5.5. Are we poised for more of the same?

 

Jon Medved, CEO of OurCrowd, offered his thoughts:

 

"With the addition of Joel Maryles we continue to build our team of extraordinary professionals with strong backgrounds. Joel will provide our portfolio of 60 startups with significant access to Wall Street and strategic finance expertise, and help them navigate the road to exit.”

 

Mr. Maryles himself also commented:

 

"I have had the pleasure for thirty years to work with and invest in leading-edge technology and healthcare companies, both in Israel and the US. OurCrowd has built an impressive stable of companies with exciting technology and bright prospects. I look forward to working with these companies, drawing upon the knowledge and experience that I have gathered over my career on Wall Street, to help them grow and achieve their goals.”

 

Comments


Enter your name:

Enter a comment in the box below:

More like this:

How to succeed in PropTech
10th November 2017
Emily Nicolle
Property Crowd secures IFISA success
7th December 2017
Emily Nicolle
How good are the returns from equity crowdfunding?
30th September 2016
Marcus Williamson