OurCrowd vs MicroVentures: Startup SPVs, Secondaries and Fees
OurCrowd forms a British Virgin Islands partnership for each startup it backs and invests beside its members. MicroVentures is a FINRA broker-dealer whose affiliate forms an LLC for each offering, primary or secondary, and which also runs crowdfunding offerings and a private-stock desk.
One is early-stage venture access for accredited investors at venture-fund prices. The other is a broader menu of startup and pre-IPO offerings with lower published typical fees, where you need to ask whether your money funds the company or buys an existing holder's shares.
Guide Thesis
OurCrowd takes 11.5% at closing and 20% to 25% carry for a primary venture program; MicroVentures' typical SPV takes 7.5% and 10%, but its late-stage secondaries add a negotiated price that can matter more than any fee.
TL;DR
The short answer
OurCrowd sells accredited investors, from $10,000, an interest in a BVI partnership that invests in one startup beside OurCrowd's own capital. Its published post-2023 terms take 11.5% of a gross commitment at closing and 20% of profit as carry (25% above 5x); 449 of its 457 vehicles report no third-party valuation, and it holds no US broker-dealer registration. MicroVentures, a FINRA broker-dealer, offers early and late stage primary SPVs from about $3,000, secondary purchases of existing shares through SPVs or directly, and Regulation Crowdfunding offerings open to anyone from $100. Its help center gives typical SPV fees of 7.5% at closing, 0.50% a year after year two and 10% carry, set per offering. On a $10,000 example at a 3x gross exit, AltStreet's arithmetic leaves about $23,239 from OurCrowd and $25,840 from a typical MicroVentures primary SPV.
If you read nothing else: jump to primary vs secondary →
At a glance
OurCrowd and MicroVentures side by side
OurCrowd figures are from its site and filings as read October 24, 2026; MicroVentures' terms from its public pages read the same day, and its filing figures from AltStreet's September 18, 2026 review.
| Feature | OurCrowd | MicroVentures |
|---|---|---|
| What it is | Venture investor and fund manager raising each deal from members | FINRA broker-dealer arranging private placements, crowdfunding and secondary trades |
| What you buy | Interest in a BVI partnership per company, or a venture fund | Interest in an SPV per offering (primary or secondary); Reg CF securities direct from the issuer |
| Offering types | Primary single-company deals; venture funds; third-party alternative funds | Early and late stage primary SPVs; secondary SPVs and direct purchases; Reg CF; seller desk |
| Who can invest | Accredited; qualified purchasers for some funds | Reg CF: anyone; everything else: accredited |
| Minimum | $10,000 per deal | Reg CF about $100; SPVs from $3,000; secondaries from $10,000 to $50,000 |
| Fees at closing | 11.5% of gross commitment | Typically 7.5% (5% placement, 1.5% offering costs, two years of 0.50% management) |
| Carry | 20% to 5x, 25% above | Typically 10% |
| Listed deals by stage | 301: Early 79, Growth 68, Late 57, Seed 48, 49 unlabeled | Not published |
| Regulator | SEC exempt reporting adviser; no US broker-dealer located | SEC broker-dealer and FINRA member (CRD 152513) |
| AltStreet score | 32.5 (D+), review in draft | 38.0 (C-) |
Head-to-head
OurCrowd vs MicroVentures, factor by factor
Accredited from $10,000 vs three doors with three minimums
OurCrowd vs MicroVentures: Who Can Invest, and From How Much
OurCrowd is one door: accredited investors, resident in most countries, from $10,000 per deal on nearly every Form D, with qualified-purchaser status required on the 19 funds that rely on Section 3(c)(7). Its Portfolio Select account opens at $50,000 and allocates from $5,000 per company unless the investor opts out within seven business days. MicroVentures has three. Its help center, updated September 2, 2026, says Regulation Crowdfunding offerings usually start at $100 and are open to non-accredited investors; Regulation D offerings, mostly SPVs, typically begin at $3,000 and are for accredited investors, whose status the firm confirms by phone before the offerings become visible; and secondary, late-stage offerings usually start at $10,000. Its liquidity page states a $50,000 minimum for buyers of private stock on the secondary desk, a figure the help center's $10,000 does not reconcile.
Practical answer
A non-accredited investor can use only MicroVentures' crowdfunding channel, which has had few offerings lately. An accredited investor can start smaller at MicroVentures ($3,000 typical for an SPV) than at OurCrowd ($10,000).
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Eligibility | Accredited investors; qualified purchasers for 3(c)(7) funds | Reg CF: anyone 18 or older; SPVs and secondaries: accredited only |
| Typical minimum | $10,000 per deal; Portfolio Select $50,000, then $5,000 per company | Reg CF about $100; Reg D SPVs from $3,000; late-stage secondaries from $10,000 (help center) or $50,000 (liquidity page) |
| Non-US investors | Built for them: about 63% of vehicle assets held by non-US persons (Form ADV, value-weighted) | Open to non-US residents, subject to local law (help center) |
| How access opens | Register, accredited review, indicate interest; allocations can be reduced | Register; accredited investors are called to confirm status before Reg D offerings show |
A BVI partnership per startup vs an LLC per offering
OurCrowd vs MicroVentures: What the Vehicle Is
Both platforms put a vehicle between the investor and the company. OurCrowd forms a limited partnership for each company it backs, almost all in the British Virgin Islands and named 'OurCrowd (Investment in X) L.P.'; its investment arm, OC International Investment LP, invests alongside each one, and OurCrowd's funds (OC50 I to VIII, Top Tier, AI, Cybersecurity and others) sit on top. Its May 5, 2026 Form ADV lists 457 private funds. MicroVentures says most of its Regulation D offerings are investments in an SPV 'that invests in the security indicated in the offering summary', occasionally an offering directly with the issuer; its Customer Relationship Summary names MicroAngel Partners, LLC as the affiliated manager of its private funds, and the vehicles file Form Ds in numbered series such as MVP ES FUND and MVP LS FUND. The security the vehicle holds can be preferred stock, common stock, a convertible note, a SAFE or fund interests, per MicroVentures' help center.
Practical answer
In both, you own an interest in the platform's vehicle, not the company's shares, and the platform's affiliate controls the vehicle. The differences are jurisdiction (BVI against, typically, US LLCs) and who manages it: an exempt reporting adviser at OurCrowd, an affiliate of a broker-dealer at MicroVentures.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Vehicle | BVI limited partnership per company; also venture funds | LLC per offering (SPV); occasionally direct with the issuer; Reg CF direct with the issuer |
| Manager | OurCrowd International General Partner, L.P. (exempt reporting adviser) | MicroAngel Partners, LLC (affiliate, per Form CRS) |
| Sponsor co-invests | Yes: OC International Investment LP invests alongside each SPV | Not stated on public pages |
| Vehicle count | 457 private funds on the Form ADV of 2026-05-05 | 999 own vehicles in AltStreet's Form D census of 2026-09-18 |
| Tax form | Not stated publicly | Schedule K-1 for Reg D investments, mid-March to mid-April |
Where your money goes, what you get, and what can stop the trade
Primary vs Secondary: Funding the Company or Buying From a Holder
A primary investment funds the company. The vehicle buys newly issued shares in a financing round, usually preferred stock at the round's price with the round's rights, and the cash goes onto the company's balance sheet. A secondary investment buys shares that an existing holder already owns. MicroVentures' glossary says it typically sources secondary shares from private investors or employees seeking liquidity, and its help center says sellers usually approach it. The cash goes to the seller, not the company; the shares are often common stock, which ranks behind preferred on a sale; and the price is negotiated, so it can be a discount or a premium to the company's last round. The company usually has a right of first refusal: MicroVentures' seller process gives it 30 days, and if the company buys the shares instead, the seller still owes MicroVentures a $0.50 per share commission. MicroVentures says the company may try to block a sale depending on the employee's share agreement. Buyers can take the shares directly or through an SPV that holds them. OurCrowd's single-company partnerships are presented as investments in a company beside OurCrowd's own capital; AltStreet located no single-company OurCrowd deal labeled on its guest pages as a purchase of existing shares as of October 24, 2026, though its alternative-investments menu includes third-party secondary funds.
Practical answer
OurCrowd is a primary venture program. MicroVentures runs both, and on a secondary the price paid relative to the last round, the share class and the transfer approval matter as much as the fees. Ask each offering which it is before investing.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Primary | Core business: a partnership per company invests beside OurCrowd | Early and late stage primary SPVs; Reg CF offerings are primary by definition |
| Secondary | Not presented on single-company deals; third-party secondary funds on the alternatives menu | Late-stage secondary SPVs and direct purchases; a desk for sellers |
| Who gets the money | The company (primary) | Primary: the company. Secondary: the selling holder |
| Price | The round's price | Primary: round price. Secondary: negotiated, can be above or below the last round |
| Transfer hurdles | Round closing | Company right of first refusal (30 days); company may try to block |
| Platform paid by | The investor (fees and carry) | Investor (SPV fees and carry); on secondaries the seller can also owe a commission |
11.5% at closing and 20% to 25% carry vs a typical 7.5% and 10%
OurCrowd vs MicroVentures: Vehicle Fees and Carry
OurCrowd publishes its terms for companies new to its portfolio from January 1, 2023 with a worked example: a $1,130,000 gross investment puts $1,000,000 into the company, with $100,000 of management fees (2% a year for five years) reserved in escrow at closing and recognized annually, a 1% organizational fee of $10,000 and a 2% fee reserve of $20,000. That is 11.5% of the gross commitment. Carry is 20% of profits up to 5x and 25% above, computed on proceeds less the gross amount. Earlier deals, PROOF co-investments and its funds use other terms. MicroVentures' help center, updated September 2, 2026, says the fees for any Regulation D or S offering are described in the offering memorandum and are 'typically' a 5% placement fee taken from the investment at closing, a 0.50% annual management fee on the invested amount with two years charged up front and later years charged only at a distribution, 10% carried interest after the investor's capital is returned, and 1.5% offering costs at closing: 7.5% at closing in total. Its Customer Relationship Summary (effective October 22, 2025) adds that the affiliated manager may also charge a distribution fee, a stated percentage of any distribution, that secondary-desk fees are negotiated per transaction, that investors may owe a $500 cancellation fee after completing the investment process, and that Regulation Crowdfunding investors pay MicroVentures nothing, the issuer pays.
Practical answer
On the two published schedules, a MicroVentures SPV takes less at closing (7.5% against 11.5% of the commitment) and much less carry (10% against 20% to 25%). MicroVentures calls its figures typical and sets them per offering, so read the memorandum for the actual numbers; OurCrowd's apply to post-2023 single-company deals.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| At closing | 11.5% of gross: 10% management in escrow, 1% organizational, 2% reserve | Typically 7.5%: 5% placement, 1.5% offering costs, 1% (two years of 0.50% management) |
| Ongoing | Covered by the five-year escrow | 0.50% a year after year two, charged at distribution |
| Carry | 20% of profit to 5x, 25% above, on proceeds less gross | Typically 10% of proceeds after capital is returned |
| Other | GP reimbursed above the reserve only after investors receive 120% of contributions | Possible distribution fee; $500 cancellation fee; secondary fees negotiated |
| Where published | ourcrowd.com/fees, with a worked example | Help center article and Form CRS; actual terms in each memorandum |
| Reg CF | Not offered | No investor fee; issuer paid 5% plus securities equal to 2% of those sold on most Form Cs since 2020 |
Worked example
$10,000 in an OurCrowd SPV, a MicroVentures primary SPV and a MicroVentures secondary SPV
AltStreet arithmetic, not a forecast. Assumptions: OurCrowd's published post-2023 terms (the proportions of its $1,130,000 example, with no unused escrow or reserve returned); MicroVentures' typical Regulation D fees from its help center (5% placement, 1.5% offering costs and two years of 0.50% management at closing, 0.50% a year on the $10,000 for years three to five charged at distribution, 10% carry after capital is returned), with no distribution fee because none is quantified; a hypothetical exit at the end of year five at three times what each vehicle paid for its shares.
| Item | OurCrowd SPV | MicroVentures primary SPV | MicroVentures secondary SPV |
|---|---|---|---|
| Commitment | $10,000 | $10,000 | $10,000 |
| Fees and reserves at closing | About $1,150 (management $885 in escrow, organizational $88, reserve $177) | $750 (placement $500, offering costs $150, management $100) | $750 (same typical schedule) |
| Amount buying shares | About $8,850 | $9,250 | $9,250 |
| Who receives it | The company, in its financing round | The company, in its financing round | The selling holder, at a negotiated price |
| Proceeds at 3x the price paid | About $26,549 | $27,750 | $27,750 |
| Later management fees | None (five years prepaid) | $150 | $150 |
| Carry | About $3,310 (20% of proceeds less $10,000) | $1,760 (10% of proceeds after fees less $10,000) | $1,760 |
| To the investor | About $23,239 (2.32x) | $25,840 (2.58x) | $25,840 (2.58x) |
The secondary column matches the primary one only because the exit is measured from the price the SPV paid. A secondary price is negotiated against the company's last round. If the SPV paid 20% above the last round price and the company later exits at three times that round price, the vehicle makes 2.5x on its purchase price and the investor receives about $21,678 (2.17x) on the same fees; at a 20% discount it makes 3.75x and the investor receives about $32,084 (3.21x). The shares bought may also be common stock behind the preferred, which can lower what they receive on a sale below a straight multiple. MicroVentures' actual fees for any offering are in its memorandum and can differ from the typical schedule.
The manager votes; you get reports the company chooses to share
OurCrowd vs MicroVentures: Ownership Rights and Information
In both structures the vehicle holds the shares and its manager exercises the shareholder rights; the investor's rights are those in the partnership or operating agreement, which neither platform publishes and which AltStreet did not obtain. OurCrowd sends quarterly reports through its portfolio page with company updates and estimated values, but its FAQ says portfolio company financials are withheld from investors as confidential, and company pages say their details are verified solely by the company. On its May 2026 Form ADV, 449 of its 457 private funds report that no assets are valued by an unrelated party, and 32 report an annual audit (KPMG Somekh Chaikin). Its conflicts schedule says follow-on SPVs can invest on different terms than earlier SPVs in the same company. MicroVentures says it will try to obtain quarterly updates from issuers but issuers are not obligated to send them, and that offering documents for Regulation D deals are posted to the investor's portfolio after the offering closes. It issues a Schedule K-1 for Regulation D investments. Its vehicles' valuation and audit terms are not published.
Practical answer
Neither gives the investor a direct claim on the company or published vehicle terms. OurCrowd discloses more about its vehicles in aggregate through its Form ADV, and what it discloses is mostly manager marks without audits; MicroVentures discloses less.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Who votes the shares | OurCrowd's general partner | The SPV's manager, MicroAngel Partners (per Form CRS) |
| Reporting | Quarterly, with estimated values; company financials withheld | Quarterly updates sought from issuers, not guaranteed |
| Valuation | 449 of 457 vehicles: no third-party valuation (ADV 2026-05-05) | Not published |
| Audit | 32 of 457 vehicles audited (KPMG Somekh Chaikin) | Not published for vehicles; broker-dealer audited by Bauer & Company |
| Vehicle documents | Behind login; partnership articles after closing | Behind login; posted to the portfolio after closing |
Locked until exit vs a one-year hold and a secondary desk
OurCrowd vs MicroVentures: Exits and Getting Out
OurCrowd offers no redemption and no market; interests transfer only with the general partner's consent, and investors are paid when a company is acquired or lists and the vehicle sells or distributes. Its site claims 73 exits, and its company index flags 72 (50 acquisitions, 18 listings and 4 other events), but it says exit returns are 'calculated from OurCrowd's first investment in the company', not from any investor's entry and not net of fees, and it publishes no realized return per vehicle. MicroVentures says most investments can be transferred to another person after one calendar year, that it can facilitate sales of SPV interests in some circumstances subject to Rule 144 and the SPV's restrictions, and that an LLC holding a company that goes public will most likely distribute shares, typically after a six-month lock-up. Its seller desk takes a commission from sellers; it publishes no pricing, volume or completed-transaction data.
Practical answer
Plan to hold either until the company exits. MicroVentures has a registered secondary business that may find a buyer; OurCrowd has none, and its exit multiples do not describe what its investors received.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Redemption | None | None |
| Transfer | General partner's consent required | Most investments after one calendar year, with the platform's help |
| Secondary venue | None | Facilitated desk for late-stage private stock |
| On a listing | Vehicle sells or distributes; timing not published | LLC most likely distributes shares, usually after a six-month lock-up |
| Published returns | Exit multiples from OurCrowd's first investment; no per-vehicle realized figures | None per vehicle |
An exempt reporting adviser with no US broker-dealer vs a FINRA broker-dealer
OurCrowd vs MicroVentures: Regulation and Record
OurCrowd International General Partner, L.P. (CRD 169475) is an SEC exempt reporting adviser, filing parts of Form ADV but not registered, so the custody rule's audit requirements for registered advisers do not apply to its funds. AltStreet located no US broker-dealer or funding-portal registration for OurCrowd as of October 24, 2026; Form Ds name Stifel, Nicolaus (on 15 vehicles) and The Enterprise Securities Company (on SPVs from 2024 to 2026) as paid sales help. In AltStreet's Form D census, 616 of 987 dated OurCrowd offerings were filed more than 15 days after first sale. Two disputes at the general-partner level are pending and consist of allegations: a Michigan suit by the Sam Shamie Revocable Trust against Jon Medved and the general partner over a loan secured by GP units, and a Cayman originating summons by Alpha Capital Anstalt contesting a conversion of founders' units, which OurCrowd calls baseless. MicroVenture Marketplace Inc. is a broker-dealer registered with the SEC (file 8-68458) and a FINRA member approved August 27, 2010, registered in 51 states and territories, per BrokerCheck read October 24, 2026. Its one regulatory event is a FINRA settlement dated December 30, 2019: censure and a $40,000 fine for failing to file 20 private placement memoranda in 2017. Its net capital was $4,238,994 against a $250,000 minimum at December 31, 2025.
Practical answer
MicroVentures sits inside FINRA's broker-dealer regime, with a small, old disciplinary item. OurCrowd sits outside it, with a lighter adviser status, late Form D filings and two pending disputes over its own financing.
| Factor | OurCrowd | MicroVentures |
|---|---|---|
| Registration | SEC exempt reporting adviser (CRD 169475); no US broker-dealer located | SEC broker-dealer 8-68458, FINRA member (CRD 152513) since 2010-08-27 |
| Disciplinary record | No SEC, FINRA, ISA or ASIC action located | One: FINRA AWC 2019-12-30, censure and $40,000 fine |
| Pending disputes | Two at the GP level (allegations): Shamie trust (Michigan), Alpha Capital Anstalt (Cayman) | None located in AltStreet's 2026-09-18 scan (PACER not searched) |
| Form D discipline | 616 of 987 dated offerings filed late | 370 of 999 vehicles report no sale and were never amended |
| Exemption used | Rule 506(b), 506(c) or both | Rule 506(b) on 870 of 885 vehicles |
MicroVentures and OurCrowd alternatives
Other accredited investor startup platforms, and the retail options
Grouped by what you buy. AltStreet's reviews and guides cover each of these.
| Platform | What you buy | Who can invest |
|---|---|---|
| EquityZen | Single-purpose LLC interests in pre-IPO shares bought from existing holders; 2.5% buyer fee published since February 2026 | Accredited investors |
| Forge Global | Secondary trades in pre-IPO shares, with published market data | Accredited investors |
| StartEngine | Reg CF offerings plus a 506(c) Reg D series whose filings show the price premium over the affiliate's cost | Reg CF: anyone; Reg D series: accredited |
| AngelList | Administrator of venture SPVs and funds; also a $500 registered venture fund (USVC) | SPVs: accredited; USVC: US investors |
| Republic | Reg CF startup offerings and other private deals | Reg CF: anyone |
| Wefunder | Reg CF startup offerings, plus Reg D side-car vehicles | Reg CF: anyone |
See MicroVentures vs EquityZen, MicroVentures vs StartEngine, OurCrowd vs AngelList and OurCrowd vs Republic.
Final read
Bottom line
Choose OurCrowd for a long-running primary venture program, mostly early and growth stage and largely Israeli and global, run by a manager that invests beside you, and accept 11.5% at closing, 20% to 25% carry, manager-marked valuations and no US broker-dealer. Choose MicroVentures for a broader menu, including late-stage names and secondary purchases, through a FINRA broker-dealer whose typical SPV fees are lower, and accept that each offering's terms sit in its memorandum and that on a secondary the negotiated price, the share class and the company's right of first refusal decide much of the outcome. Non-accredited investors can use only MicroVentures' crowdfunding channel, which has had few offerings lately.
AltStreet's platform scores: OurCrowd 32.5 (D+), from a review still in draft, and MicroVentures 38.0 (C-). See the methodology.
Primary sources
Sources and access
OurCrowd
- ›Fees page (as displayed October 24, 2026): Post-2023 management, organizational and reserve fees, carry tiers and the $1,130,000 worked example.
- ›Risk factors and conflicts of interest: Transfer consent, reliance, allocation and follow-on terms.
- ›Exits page: 73 exits claimed; returns calculated from OurCrowd's first investment.
- ›Alternative investments: Third-party private equity, private credit, secondary and real estate funds.
- ›Form ADV, OurCrowd International General Partner (CRD 169475), filed May 5, 2026: Exempt reporting adviser; 457 private funds, 32 audited, 449 with no third-party valuation.
Also OurCrowd's public company index (301 deals and funds) and AltStreet's Form D census of its vehicles, both read October 24, 2026. Partnership agreements sit behind login and were not obtained.
MicroVentures (read October 24, 2026)
- ›Help center: What costs might I incur when I invest? (updated September 2, 2026): Typical Regulation D fees: 5% placement, 0.50% annual management, 10% carry, 1.5% offering costs.
- ›Help center: typical investment minimum (updated September 2, 2026): Reg CF about $100, Reg D from $3,000, late-stage secondaries from $10,000.
- ›Help center: security types: SPVs as the usual Reg D form, occasionally direct with the issuer; the securities an SPV can hold.
- ›Help center: how do I invest: Reg CF visible to non-accredited investors; Reg D primary and secondary after accreditation.
- ›Help center: seller process: Commission agreement, 30-day company right of first refusal, $0.50 per share commission.
- ›Customer Relationship Summary (effective October 22, 2025): Placement agent fee, MicroAngel Partners fees, no Reg CF investor fee, $500 cancellation fee, conflicts.
- ›Home page and liquidity page: Three business lines; $50,000 buyer minimum on the secondary desk.
- ›FINRA BrokerCheck, MicroVenture Marketplace Inc. (CRD 152513): Approved August 27, 2010; SEC 8-68458; 51 state registrations; one regulatory event.
Filing figures from AltStreet's MicroVentures review (September 18, 2026). The MicroVentures site shows offerings only after registration, so no individual memorandum was read.
FAQs
OurCrowd vs MicroVentures: Common questions
What is the difference between OurCrowd and MicroVentures?＋
OurCrowd is a venture investor that raises each deal from its members: it forms a British Virgin Islands limited partnership for each startup it backs, invests its own capital alongside, and offers interests to accredited investors (qualified purchasers for some funds) from $10,000, plus its own venture funds. It is an SEC exempt reporting adviser, not a broker-dealer. MicroVentures is a FINRA-member broker-dealer (MicroVenture Marketplace Inc., CRD 152513) that offers a broader menu: early and late stage primary and secondary investments through special purpose vehicles for accredited investors, typically from $3,000, Regulation Crowdfunding offerings open to all investors from $100, and a desk for buyers and sellers of late-stage private stock. OurCrowd is early-stage venture access; MicroVentures adds pre-IPO secondaries and crowdfunding.
Which has lower investor fees, OurCrowd or MicroVentures?＋
On each platform's published schedule, MicroVentures' typical SPV fees are lower. OurCrowd's terms for companies new to its portfolio from 2023 take 11.5% of a gross commitment at closing (a 2% a year management fee for five years held in escrow, a 1% organizational fee and a 2% fee reserve) and carry of 20% of profit up to 5x and 25% above. MicroVentures' help center (updated September 2, 2026) says its Regulation D SPV fees are typically a 5% placement fee and 1.5% offering costs at closing, a 0.50% annual management fee with two years charged up front, and 10% carry. Both vary by offering: MicroVentures says its fees are set in each offering memorandum, and its Customer Relationship Summary adds a possible distribution fee and a $500 cancellation fee. On its Regulation Crowdfunding offerings MicroVentures charges investors no fee; the issuer pays it.
Can non-accredited investors use either platform?＋
Only MicroVentures, and only for its Regulation Crowdfunding offerings, which are open to anyone 18 or older from about $100, subject to the annual Reg CF investment limits. Its SPVs and secondary purchases are for accredited investors. OurCrowd's deals and funds are for accredited investors, and for qualified purchasers on the 19 funds that rely on Section 3(c)(7). Note that MicroVentures' crowdfunding channel has been small lately: AltStreet's review counted four initial Form C filings in 2025 and found no offering open on the platform's public feed on September 18, 2026.
Am I funding the company or buying an existing investor's shares?＋
It depends on the offering, and on MicroVentures you have to check each one. A primary investment funds the company: the SPV buys newly issued shares in a financing round and the money goes to the company. A secondary investment buys shares an existing holder already owns, typically an employee or early investor; the money goes to the seller, not the company, and the price is negotiated, so it can sit above or below the company's last round. MicroVentures offers both, usually through an SPV that holds the shares, and says it typically sources secondary shares from employees and private investors seeking liquidity. OurCrowd presents its single-company partnerships as investing in a company beside its own capital, and also offers third-party funds, including secondary funds, among its alternative investments.
Does MicroVentures offer more late-stage companies than OurCrowd?＋
OurCrowd's public company index, read October 24, 2026, lists 301 deals and funds by stage: Early 79, Growth 68, Late 57 and Seed 48, with 49 unlabeled (40 of the 301 are funds). MicroVentures publishes no count of its offerings by stage. The closest proxy is its Form D record: AltStreet's census on September 18, 2026 counted 646 vehicles in the MVP LS FUND series ($165.0 million reported sold) against 156 in the MVP ES FUND series ($13.2 million). MicroVentures does not define the letters on its public pages; if they stand for late stage and early stage, as its 'early and late stage' wording suggests, its vehicle record leans far more to late stage than OurCrowd's listed deals do. Treat that as an inference from names, not a published figure.
What do I actually own on each platform?＋
On OurCrowd, a limited partnership interest in a vehicle, almost always a British Virgin Islands partnership named 'OurCrowd (Investment in X) L.P.', managed by OurCrowd's general partner; you do not hold the company's shares yourself. On a MicroVentures Regulation D offering, usually a membership interest in an LLC that holds the company's securities, managed by its affiliate MicroAngel Partners, LLC; occasionally the offering is directly with the issuer. On a MicroVentures Regulation Crowdfunding offering, the company's own security, which historically was most often a Crowd Note or a SAFE rather than shares.
How do I get my money out?＋
In both cases, mostly when the company is sold or lists. OurCrowd offers no redemption and no market, and interests transfer only with the general partner's consent. MicroVentures says most investments can be transferred after being held one calendar year, with its help, and runs a secondary desk for late-stage private stock; it says an LLC that holds a company that goes public will most likely distribute shares. Neither platform publishes realized returns per vehicle.
Is either platform regulated by FINRA?＋
MicroVentures is: MicroVenture Marketplace Inc. is an SEC-registered broker-dealer (SEC file 8-68458) and FINRA member, approved by FINRA on August 27, 2010 and registered in 51 states and territories per BrokerCheck on October 24, 2026, with one regulatory event (a 2019 FINRA settlement, censure and $40,000 fine for unfiled private placement memoranda). AltStreet located no US broker-dealer or funding-portal registration for OurCrowd as of October 24, 2026; its manager is an SEC exempt reporting adviser, and some of its vehicles' Form Ds name Stifel, Nicolaus or The Enterprise Securities Company as paid sales help.
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Accredited venture partnerships against a crowdfunding portal open to every investor.
Comparison Guide
MicroVentures vs EquityZen
Two single-purpose LLC series for private shares, one of which publishes its fee and says it buys from existing holders.
Comparison Guide
MicroVentures vs StartEngine
Reg D series under 506(b) and 506(c), and the price premiums StartEngine's filings let you compute.
Comparison Guide
MicroVentures vs Wefunder
Two crowdfunding books beside Reg D side-cars, with fees and filing records compared.