U.S. investment bank Stifel Financial Corp. will make a minority investment in Israel venture capital crowdfunding platform OurCrowd Ltd. as part of the two companies' strategic partnership.
Under the deal, the companies will establish a distribution partnership focused on building an investment offering for Stifel's investor clients. It will include offering access to venture capital funds and portfolio companies on a deal-by-deal basis.
Stifel will also provide advisory and related investment banking services to portfolio companies, as required.
Stifel currently operates the seventh largest U.S. retail brokerage network with more than $300 billion in client assets, while OurCrowd has almost 37,000 registered investors and has made investments in more than 200 companies and funds, according to an Oct. 16 release.