OurCrowd Review 2026: How the Vehicles Work, the Fee Example, Audits, Exits and the SEC Record
OurCrowd sells accredited investors, from $10,000 a deal, a limited partnership interest in a British Virgin Islands vehicle that invests in one startup, or an interest in one of its venture funds, alongside OurCrowd's own capital; the vehicles are run by OurCrowd International General Partner, a Jerusalem-based SEC exempt reporting adviser, and there is no redemption or public market for the interests. On the fee schedule for companies new to the portfolio from 2023, OurCrowd's own example allocates 11.5% of a gross commitment to fees and reserves at closing, with carry of 20% (25% above 5x) on profit over the full commitment. Its May 2026 Form ADV reports an annual audit on 32 of 457 vehicles, about 15% of reported gross assets, and OurCrowd publishes exit multiples measured from its own first investment rather than a vehicle-level record of distributions.
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What the data actually shows - TL;DR
OurCrowd, founded in Jerusalem in 2013 by Jon Medved, has run one of the longest-lived venture platforms for individual accredited investors. Each deal is a separate British Virgin Islands partnership that invests in one company beside OurCrowd's own investment arm; funds and a pre-funded Portfolio Select account sit on top, and nothing can be redeemed before an exit.
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OurCrowd's fee page is unusually clear. Its worked example, which applies to companies new to the portfolio from 2023, commits $1,130,000 to put $1,000,000 into the company: 11.5% allocated to fees and reserves at closing, of which the five-year management fee sits in escrow and any unused part is returnable on an early wind-up. Carry of 20% (25% above 5x) is charged on profit over the full $1,130,000, so the investor recovers the fees before OurCrowd takes a share. What the public record cannot do is check outcomes: 32 of 457 vehicles on the May 2026 Form ADV report an annual audit, exit multiples are measured from OurCrowd's first investment, and AltStreet located no public vehicle-level record of net distributions and returns.
Share of a gross commitment allocated to fees and reserves at closing in OurCrowd's own example: $130,000 of $1,130,000 (10% management fee for five years held in escrow and recognized annually, 1% organizational fee, 2% fee reserve). The schedule applies to companies new to the portfolio from January 1, 2023; earlier deals and funds have their own terms.
Carried interest on profits up to 5x and above 5x, computed in OurCrowd's example on exit proceeds less the full $1,130,000 commitment, a basis that favors the investor over a charge on profit above the $1,000,000 invested. A 5x result on the company stake becomes $4,226,000 for the investor, 3.74 times the commitment (AltStreet arithmetic on OurCrowd's figures).
Private funds on the Form ADV filed May 5, 2026 that report an annual audit, all naming KPMG Somekh Chaikin as auditor; by AltStreet's sum they hold about $343 million, 15.4%, of the $2.23 billion of reported gross assets. Single-company vehicles are mostly unaudited.
Form D sales ($269.5M on each offering's latest amendment) as a share of the 'raised' amounts OurCrowd's company index shows for the 232 listed deals AltStreet matched to an SEC vehicle by name ($1,342.7M). The comparison is unreconciled: OurCrowd does not define the raised figure, and the match is by name. It is shown as a question, not a finding.
Original Form D notices filed after the 15-day deadline (moved to the next business day where it fell on a weekend or holiday), out of 987 OurCrowd offerings with a first-sale date in AltStreet's census, 2013 to October 2026; 151 more than 90 days after the first sale, 19 more than a year. Amendments are not tested.
Companies flagged as exits in OurCrowd's company index (50 acquisitions, 18 listings, 4 other); the site says 73. 'All exits returns are calculated from OurCrowd's first investment in the company.' AltStreet located no public vehicle-level record of net distributions or returns.
Fees and the worked example from ourcrowd.com/fees as displayed October 24, 2026. Raised amounts and exit flags from OurCrowd's public company index captured the same day (OurCrowd-reported, unlabeled on guest pages). Audit and valuation status from the Form ADV filed May 5, 2026. Form D figures from AltStreet's census (each offering's latest amendment; the largest amount in a chain gives $503.0M against $497.0M). Form ADV gross asset value, Form D amounts sold and OurCrowd's reported raised amounts are three different measures and are not used to compute changes against one another.
Quick Verdict
Is this platform right for you?
OurCrowd has given accredited investors in many countries a long-running route into Israeli and global venture rounds, with its own capital in every deal and a fee page that shows exactly how the money is allocated: on the current schedule, 11.5% of the commitment to fees and reserves at closing, then carry on profit over the full commitment. Outcomes are harder to check.
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Most vehicles are unaudited and valued by OurCrowd, exit multiples are measured from OurCrowd's entry, and AltStreet located no public vehicle-level record of net distributions; its US filings were often filed late and do not reconcile to the amounts it reports raised. The general partner is in a leadership transition and faces two pending disputes over its own financing. Treat a deal here as a long, high-variance position, and judge it by the documents and distributions of the specific vehicle.
Best for
- Accredited investors, especially outside the US, who want deal-by-deal venture exposure, accept 11.5% allocated to fees and reserves at closing and no liquidity until exit, and will read each vehicle's partnership agreement.
Avoid if
- You compare managers on realized, net returns.
- You need audited statements for each holding.
- You may need the money before a company exits.
Top strengths
- Track record since 2013 at scale, with named acquisitions by Cisco, Oracle, Uber, Edwards Lifesciences and others.
- Fee terms published with a worked example, including the gross-basis carry.
- OurCrowd invests its own capital in every portfolio company and fund.
- KPMG Somekh Chaikin named as auditor on 32 of the larger funds; no regulator action located.
Key limitations
- 11.5% of each commitment allocated to fees and reserves at closing on the schedule from 2023; carry of 20% to 25% on profit over the full commitment.
- 425 of 457 vehicles report no audit, and 449 report no third-party valuation.
- Exit multiples measured from OurCrowd's first investment; no public vehicle-level record of net distributions or returns located.
- 609 of 987 original Form D notices filed after the deadline; the Form D record does not reconcile to OurCrowd's undefined raised figures.
- Founder-controlled general partner in transition, with two pending disputes over its own financing.
Compare Before Deciding
Where OurCrowd fits against alternatives
Use these hooks to pressure-test whether this is the right platform, or whether a nearby alternative matches the job better.
How this compares to Alumni Ventures Review
Alumni Ventures Review
Venture funds and syndicates from $10,000 with 20% of the commitment taken as fees up front.
How this compares to AngelList USVC Review
AngelList USVC Review
AngelList's registered venture fund, open to non-accredited investors, with audited statements.
How this compares to MicroVentures Review
MicroVentures Review
Single-company venture SPVs through a registered broker-dealer.
Quick Answers
What most investors want to know first
The highest-signal facts first: minimums, liquidity reality, K-1 timing, and whether distributions are actually part of the experience.
Minimum
$10,000 per deal on nearly every Form D; Portfolio Select $50,000 to open, from $5,000 per company.
Liquidity
None offered; transfers need the general partner's consent.
K-1 Timing
Not stated publicly.
Distributions
Fund lives of 8 to 10 years with extensions; single-company vehicles until exit.
Overview
Platform Overview
A concise read on what the platform is, how the structure works, and where the practical friction shows up for real investors.
OurCrowd is a venture investor that raises each deal from its members. When it backs a company, OurCrowd forms a limited partnership for that company, almost always in the British Virgin Islands and named 'OurCrowd (Investment in X) L.P.', and offers interests in it to accredited investors, and to qualified purchasers for some offerings, from $10,000. The partnership invests substantially all of its capital, after fees and reserves, in the company alongside OC International Investment LP, the investment arm of OurCrowd's general partner.
OurCrowd also runs funds: the OC50 index funds (I to VIII), Top Tier Opportunity, AI, Cybersecurity, FoodTech, Digital Health, the Access Fund, the Israel Resilience Fund and others, some managed by OurCrowd partners, some rule-based and some externally managed. A third route, Portfolio Select, takes a pre-funded balance of $50,000 or more, held in a non-interest-bearing escrow, and allocates it into each new deal from $5,000 unless the investor opts out within seven business days. The adviser to all of these is OurCrowd International General Partner, L.P., a Cayman partnership based in Jerusalem and an SEC exempt reporting adviser since December 2013; the website contract is with OurCrowd Management Limited. There is no redemption: investors are repaid when a company is sold or lists and the vehicle distributes.
OurCrowd itself raised money from investors: a $25 million Series B in 2014 and a $72 million Series C in 2016, a strategic investment from Orix in 2020 and $25 million from SoftBank Vision Fund 2 in 2021, by press reports. Its about page today cites a network of 240,000 accredited investors in 195 countries, capital from investors in 90 countries and investments in 500+ companies, with offices on three continents (Jerusalem, Tel Aviv and Toronto, by press reports). The product line has broadened from single-company SPVs to OC50 index funds, thematic funds, an Access Fund described as a '$30M concentrated fund' for late-stage rounds, the Israel Resilience Fund and the pre-funded Portfolio Select account. In October 2025 Medved stepped down as CEO and became chairman; Cali Chill, the COO, has run the firm since, and press reports about August 2026 describe a year of fewer investments and a portfolio 'review and monetization plan'.
Adviser
OurCrowd International General Partner, L.P. (Cayman; Jerusalem); SEC exempt reporting adviser since December 26, 2013, CRD 169475, SEC 802-79027; also registered with the Cayman Islands Monetary Authority. Form ADV of May 5, 2026: 457 private funds (444 BVI, 13 Cayman), about $2.23B gross assets (AltStreet sum), no disciplinary disclosures.
Products
Single-company BVI partnerships ('OurCrowd (Investment in X) L.P.'); OC50 I to VIII, Top Tier, AI, Cybersecurity, FoodTech, Digital Health, Access and Israel Resilience funds; Portfolio Select pre-funded allocation account.
Who can invest
Accredited investors (qualified purchasers for 19 funds relying on 3(c)(7)) resident in most countries; Form Ds use Rule 506(b), 506(c) or both.
Minimums
$10,000 per deal on nearly every Form D; Portfolio Select $50,000 to open, from $5,000 per company.
Fees (from 2023)
2% a year for five years held in escrow at closing, 1% organizational fee, 2% fee reserve: 11.5% of the gross commitment; carry 20% to 5x, 25% above, on profit over the gross amount.
Liquidity
None; interests transfer only with the general partner's consent; distributions on exits.
Investor Operations
The practical questions investors actually care about: when tax documents arrive, how cash distributions work, and whether capital can be exited before the underlying asset is sold.
Tax Documents
K-1 Timing
What to expect
Not stated publicly.
Cash Flow
Distributions
Frequency
Irregular, on exits.
Timing
Fund lives of 8 to 10 years with extensions; single-company vehicles until exit.
Consistency
No distribution history published.
Liquidity
Exit Reality
Holding period
Until exit; no withdrawal.
Exit options
- Distributions on company acquisitions or after listings.
Secondary market
None offered; transfers need the general partner's consent.
Investment Structures
Single-company partnerships
One BVI limited partnership per company and round, investing alongside OC International Investment LP; $10,000 minimum; 11.5% of the gross commitment to fees and reserves for companies new from 2023; 20% to 25% carry.
OurCrowd funds
OC50 index funds designed to hold 50 companies, thematic funds targeting 12 to 15 companies, and externally managed funds; 8 to 10 year lives with extensions; fund-specific fees shown to members.
Portfolio Select
A pre-funded balance from $50,000 in non-interest-bearing escrow, allocated into each new deal from $5,000 unless the investor opts out within seven business days; same fees as individual deals; unallocated balance refundable within 30 days of request.
Risk
Risk Structure
This is where the marketplace pitch gives way to the actual operating reality: delayed exits, limited disclosure, fee drag, and path-dependent outcomes.
Asset
Minority stakes in private venture companies, many in Israel, often in rounds led by other investors.
Cost layer
11.5% of the gross commitment allocated to fees and reserves at closing on the schedule from 2023; 20% to 25% carry on profit over the full commitment.
Audit and valuation
32 of 457 vehicles audited (KPMG Somekh Chaikin), about 15% of reported gross assets; values set by the manager on 449 of 457, by a method the filings do not describe.
Governance
Founder-controlled general partner, leadership transition since October 2025, two pending disputes over its own financing; exculpation and limited removal rights in the vehicles.
Liquidity
None until an exit; transfer only with the general partner's consent.
Fee allocation at closing
On the schedule from 2023, 11.5% of each commitment is allocated to fees and reserves at closing; carry is then charged on profit over the full commitment.
Why it matters
On OurCrowd's own example, a 5x company result becomes 3.74 times the investor's commitment, and a company stake must return 1.13 times before the commitment is recovered; the carry basis itself is favorable to the investor.
Mitigation / verification
Read the partnership agreement for the fee terms that apply to the specific deal, especially follow-ons on the prior structure.
Few audits, manager-set values
32 of 457 vehicles report an annual audit (about 15% of reported gross assets); 449 report that no assets are valued by an unrelated person.
Why it matters
The 'fair value' shown for a holding is OurCrowd's estimate until an exit or priced round.
Mitigation / verification
Ask whether the specific vehicle is audited, and treat estimated values as indicative until cash is distributed.
Exit figures measured from OurCrowd's entry
Exit multiples are calculated from OurCrowd's first investment, and listings are counted as exits without realized figures.
Why it matters
An investor who entered at a later, higher price, net of that vehicle's fees and carry, may have a lower result than the headline multiple.
Mitigation / verification
Ask for the distributions paid by the specific SPV per dollar committed.
General partner disputes and transition
Two pending cases challenge the general partner's own financing and unit conversions; the founder stepped down as CEO in October 2025.
Why it matters
The risk factors warn that the loss of the general partner's shareholders from day-to-day management could materially affect the SPVs.
Mitigation / verification
Follow the Michigan and Cayman proceedings and ask OurCrowd how they affect the general partner's capital.
Regulatory & Legal Posture
Security Status
Limited partnership interests in private venture funds, almost all BVI partnerships, relying on Investment Company Act sections 3(c)(1) (438 funds) or 3(c)(7) (19 funds), offered in the US under Rule 506(b) or 506(c). The adviser is an SEC exempt reporting adviser.
An exempt reporting adviser files parts of Form ADV and is subject to the Advisers Act's antifraud rules, but is not registered, so the custody rule's audit and surprise-examination requirements that apply to registered advisers do not apply to its funds. A Form D is a notice, not an SEC review, and offshore sales to non-US investors generally sit outside it.
- Form ADV filed May 5, 2026: 457 private funds, about $2.23B gross assets (AltStreet sum), about 63% held by non-US persons (value-weighted); 32 report an annual audit (KPMG Somekh Chaikin); no disciplinary disclosures.
- Form D census: 988 Form Ds and 128 amendments by 561 OurCrowd vehicles, July 2013 to October 2026; $497.0M sold on each offering's latest amendment ($503.0M on the largest in each chain); 609 of 987 original notices with a first-sale date filed after the business-day-adjusted 15-day deadline; two filings with billion-dollar data-entry errors excluded.
- Sales-compensation recipients named on Form Ds: Stifel, Nicolaus & Company (CRD 793) on 15 vehicles; Norman Pappas, The Enterprise Securities Company (CRD 26598), on 2024 to 2026 SPVs.
- Sam Shamie Revocable Trust v. Medved and OurCrowd International General Partner (Oakland County, Michigan, No. 25-217633-CB; state court rulings since the October 2025 remand not obtained) and Alpha Capital Anstalt v. OurCrowd General Partner Limited (Cayman Islands, filed March 18, 2026; pending per press); allegations only.
- AltStreet located no SEC, FINRA, Israel Securities Authority or ASIC action naming OurCrowd, and no investor suit over portfolio losses, as of October 24, 2026.
Disclosure Quality
Mixed. The fee page, risk factors and conflicts schedule are public and specific; the raised figures are undefined, performance is limited to entry-based exit multiples, and fund terms and investor documents sit behind login.
Custody Model
Assets are held in each partnership; AltStreet's parse of Schedule D records no administrator or custodian for the 457 funds. Portfolio Select balances sit in a non-interest-bearing escrow until allocated.
Regulatory Backing
Exempt reporting adviser (SEC), Cayman Islands Monetary Authority registration, BVI FSC registration for OurCrowd Management Limited; no US broker-dealer.
Tax Treatment
Reporting
Not stated on the public pages reviewed.
Not stated.
Income Character
Partnership allocations: gains on exits, losses on write-offs
Each vehicle is a limited partnership, typically in the British Virgin Islands, investing in companies often in Israel. Tax reporting for US investors, any withholding on non-US proceeds and the treatment of the escrowed management fee are matters for the partnership documents, which AltStreet did not obtain. Consult a tax adviser.
Limitation
AltStreet is not a tax adviser and did not see the tax sections of any partnership agreement.
Special Considerations
- Offshore partnerships investing in foreign companies can raise cross-border reporting questions for US investors.
- Many small partnerships across deals add to tax-preparation work.
Account Suitability
Taxable
Yes.
Roth IRA
Not addressed in the materials reviewed.
Traditional IRA
Not addressed in the materials reviewed.
HSA
Not addressed.
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AltStreet Data Layer
What the data actually shows
OurCrowd's company index, its Form ADV and its Form Ds each measure something different; together they show how little of OurCrowd's reported activity the US record captures.
An unreconciled gap between Form D and reported raises
232 of 301 listed deals matched by name to an SEC vehicle: $269.5M sold on Form D against $1,342.7M shown as raised (20.1%; median 10.9%). 69 listed deals ($335.8M reported) have no SEC vehicle found.
What this means
The raised figure is undefined and the match is by name, so the ratio is a question for OurCrowd, not a measure of its activity.
Few audits
32 of 457 funds on the May 2026 Form ADV report an annual audit (KPMG Somekh Chaikin), holding about $343M, 15.4%, of $2.23B gross assets (AltStreet sum).
What this means
Most single-company vehicles are unaudited; separately, 449 report values set by the manager, by a method the filings do not describe.
Late Form Ds
609 of 987 original notices with a first-sale date filed after the business-day-adjusted 15-day deadline; 151 more than 90 days after the sale; 19 more than a year; median late filing 43 days.
What this means
The public record of OurCrowd's US sales often lagged the sales.
Public list smaller than the claim
301 deals and funds in the guest-visible index against 'investments in 500+ companies' on the about page; 268 OurCrowd vehicles ($228.8M sold) match no listed deal.
What this means
The public list is a subset of the portfolio, so it cannot be used to measure the whole record.
Data as of 2026-10-24 . AltStreet review evidence layer . Public-source analysis
Full datasetDecision Fit
Investor Fit
Who this works for, who it does not, and what level of patience and complexity tolerance the platform really demands.
Accredited investors wanting deal-by-deal access to Israeli and global startups
The access is real and OurCrowd invests beside every deal; on the current schedule 11.5% of each commitment is allocated to fees and reserves at closing, and values are OurCrowd's own.
Investors who judge a manager by realized returns
AltStreet located no public vehicle-level record of net distributions or returns, and OurCrowd's exit multiples are measured from its own first investment.
Investors who need liquidity
There is no redemption and no market; transfers need the general partner's consent.
Non-US accredited investors seeking an established venture network
Most of OurCrowd's capital comes from outside the US, and the platform is built for investors from many countries, provided they accept a long, costly, high-risk allocation.
Tradeoffs
Key Tradeoffs
The attraction of pre-IPO access is real, but every benefit comes bundled with a corresponding liquidity, transparency, or pricing cost.
Access
Minority positions; allocations at the general partner's discretion.
Cost
11.5% allocated to fees and reserves at closing on the schedule from 2023.
Transparency
Undefined raised figures, no vehicle-level distribution record, most vehicles unaudited.
Liquidity
Locked until exit.
Avoid
Who This Is Not For
This section should be read as a filter, not an afterthought. If you need income, simplicity, or near-term access to capital, the structure is working against you.
Non-accredited investors
Offerings are for accredited investors or qualified purchasers.
Anyone who may need the money back on a schedule
There is no redemption; liquidity depends on exits.
Investors who require audited statements for each holding
Only 32 of 457 vehicles report an annual audit.
Editorial View
AltStreet Perspective
The compressed version of the review: what matters, what marketing tends to obscure, and how we would frame the platform for a serious allocator.
Verdict
OurCrowd built a global venture community before most US platforms existed and has kept it running for 13 years, with real exits to show for it. Its economics are disclosed more plainly than many SPV sponsors': on the current schedule the investor has 11.5% allocated to fees and reserves at closing and pays carry only on profit over the full commitment, and OurCrowd puts its own money beside every deal. What it does not publish is the evidence an investor would need to judge outcomes: what the raised figures include, what any vehicle has distributed, and audited accounts for most of them. Investors who go in should do so for access, sized for a long hold, and should ask for the distribution record of the specific vehicle and fund.
Positioning
Against Alumni Ventures, which takes 20% of the commitment up front but publishes a vintage-by-vintage record, OurCrowd allocates less at closing and publishes exit multiples but no vehicle-level distribution record; against MicroVentures' broker-dealer-run SPVs and AngelList's audited registered fund, it offers a larger international deal flow through vehicles that are mostly unaudited and sold without a US broker-dealer of its own.
The Bottom Line
A 13-year global venture platform with a clear fee page (11.5% allocated to fees and reserves at closing, carry on profit over the full commitment), mostly unaudited manager-valued vehicles, entry-based exit multiples and no public vehicle-level distribution record.
Action
Next Steps
If you still want to engage after reading the review, these are the practical next moves that reduce avoidable mistakes.
Read the partnership agreement for the specific vehicle: fee structure (2023 or prior), carry basis and the general partner's removal and indemnification terms.
Ask OurCrowd what the deal's 'raised' figure includes and how much of it is OurCrowd's own investment.
Ask whether the vehicle is among the 32 audited, and how its estimated value is set.
Ask for the distributions paid by comparable past SPVs per dollar committed, not the exit multiple from OurCrowd's entry.
Check EDGAR for the vehicle's Form D and its sales-compensation section.
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Deal Intelligence →Appendix
Sources, Disclosures, and Supporting Context
The lower section is structured like a report appendix: relationship context first, adjacent reading second, and evidence last.
Report Appendix
Disclosure
Relationship and compensation context
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Report Appendix
Disclosure
Relationship and compensation context
Report Appendix
Comparison Guides
Head-to-head guides featuring OurCrowd
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Report Appendix
Comparison Guides
Head-to-head guides featuring OurCrowd
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
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Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
Further Reading
Related Resources
Adjacent frameworks and reviews that help place the platform in a broader allocation or due-diligence context.
Similar Platform Reviews
- Alumni Ventures Review
Venture funds and syndicates from $10,000 with 20% of the commitment taken as fees up front.
- AngelList USVC Review
AngelList's registered venture fund, open to non-accredited investors, with audited statements.
- MicroVentures Review
Single-company venture SPVs through a registered broker-dealer.
Report Appendix
SEC Filers Behind OurCrowd
The largest issuers linked to OurCrowd on EDGAR, by total reported sold; each page carries the filing record and the related persons
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Report Appendix
SEC Filers Behind OurCrowd
The largest issuers linked to OurCrowd on EDGAR, by total reported sold; each page carries the filing record and the related persons
- OurCrowd (Investment in Biocatch) L.P.2024 · $13.0M · 244 investors
- OurCrowd First LP2016 · $7.1M · 73 investors
- OurCrowd International Investment II, L.P.2019 · $6.3M · 39 investors
- OurCrowd International Investment III, L.P.2019 · $6.3M · 18 investors
- OurCrowd (Investment in RPL) L.P.2023 · $5.8M · 312 investors
- OurCrowd (Investment in Hailo) L.P.2024 · $5.5M · 156 investors
- OurCrowd Squared, L.P.2017 · $4.9M · 66 investors
- OurCrowd 50 III-QP, L.P.2020 · $4.6M · 56 investors
- OurCrowd (Investment in mPrest - II) LP2016 · $4.0M · 62 investors
- OurCrowd (Investment in Borro - III) L.P.2016 · $3.7M · 50 investors
- OurCrowd (Investment in Mobility) L.P.2017 · $3.6M · 61 investors
- OurCrowd (Investment in PF III-QP) L.P.2022 · $3.0M · 50 investors
- OurCrowd (Investment in mPrest - III) LP2016 · $2.8M · 100 investors
- OurCrowd 50 III, L.P.2021 · $2.2M · 36 investors
- OURCROWD (INVESTMENT IN KELA) L.P.2013 · $2.2M · 36 investors
- OurCrowd (Investment in QNode) L.P.2022 · $2.1M · 11 investors
- OurCrowd (Investment in PF III) L.P.2022 · $2.1M · 39 investors
- OurCrowd (Investment in AlphaT) L.P.2021 · $2.0M · 2 investors
- OurCrowd (Investment in Tru) L.P.2019 · $2.0M · 45 investors
- OurCrowd First Prime, L.P.2017 · $2.0M · 28 investors
Report Appendix
Evidence & Methodology
Sources, scope, and how the review was assembled
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Report Appendix
Evidence & Methodology
Sources, scope, and how the review was assembled
ASReview Evidence
Methodology
155-page crawl of ourcrowd.com; OurCrowd's public company index (301 guest-visible deals and funds) and sitemap; Form ADV Schedule D (457 funds); Form D census of 565 filers and a name match of listed deals to vehicles; CourtListener, SEC, FINRA, IAPD, ISA web searches, ASIC datasets, Companies House and press.
Scope
OurCrowd's single-company vehicles, funds and Portfolio Select; the adviser's regulatory record; the general partner's governance and pending disputes. Investor documents behind login were not obtained.
Key Findings
- *Fees page example: carry for a sub-5x return computed as '(5,000,000-1,130,000) x 0.2', or $774,000.
- *Risk factors: investors 'Cannot Rely on the General Partner's or the Management Company's Due Diligence.'
- *Funds FAQ: 'OurCrowd invests in every portfolio company and fund on the OurCrowd platform.'
- *Form ADV: 32 of 457 funds report an annual audit; 449 report no assets valued by an unrelated person.
Primary Source Pages
Comparable Platforms
- Alumni Ventures
20% up front and unaudited funds, but a published vintage record.
- MicroVentures
Single-company SPVs through a registered broker-dealer.
- AngelList USVC
A registered venture fund with audited statements.
FAQ
Frequently Asked Questions
High-intent search questions answered directly, without making users hunt through the full review.
Is OurCrowd legit?
Yes, it is a long-running venture manager, founded in 2013, with hundreds of portfolio companies and named acquisitions. Its adviser is an SEC exempt reporting adviser with no disciplinary disclosures, and AltStreet located no regulator action naming OurCrowd as of October 24, 2026. Its general partner faces two pending disputes over its own financing, in Michigan and the Cayman Islands; those are allegations, and OurCrowd calls the Cayman claims baseless.
What are OurCrowd's fees?
For companies new to the portfolio from 2023: 2% a year for five years held in escrow at closing, a 1% organizational fee and a 2% fee reserve, together 11.5% of the gross commitment on OurCrowd's example ($130,000 of $1,130,000). Carry is 20% of profits up to 5x and 25% above, computed on profit over the gross amount. Older companies and PROOF co-investments use a prior structure, and funds have their own terms.
How has OurCrowd performed?
OurCrowd reports 73 exits and features multiples such as 8.5x on Innovalve, but says they are 'calculated from OurCrowd's first investment in the company', before investors' fees and carry. AltStreet located no public vehicle-level record of net distributions, IRRs or returns for any SPV or fund, so investor outcomes cannot be measured from public sources.
Can I get my money out of an OurCrowd investment?
Not on demand. There is no redemption or public market, and interests transfer only with the general partner's consent. Investors are paid when a company is acquired or lists and the vehicle sells or distributes.
Who runs OurCrowd now?
Founder Jon Medved stepped down as CEO on October 21, 2025 and became chairman; Cali (Caleb) Chill, previously COO, signed the May 2026 Form ADV as Acting CEO and COO and was later named CEO, by press reports. Medved remains the indirect owner of 75% or more of the adviser's general partner, per the Form ADV. The site FAQ still described him as CEO on October 24, 2026.
Are OurCrowd's funds audited?
Some are. On the Form ADV filed May 5, 2026, 32 of 457 private funds report an annual audit, each naming KPMG Somekh Chaikin as auditor, mostly the larger funds. The rest, including most single-company vehicles, report no audit, and 449 of 457 report no assets valued by an unrelated person.