DLD ‘key investor’ in Israeli venture capital fund Lool

DLD Ventures, the investment arm of Munich-based Burda Digital, has invested in Israeli venture capital fund Lool Ventures and is one of the fund’s key investors.

Other Lool investors include major institutional Israeli and international investors and seasoned business angels and entrepreneurs.

Tel Aviv-based Lool Ventures focuses on investments in early-stage disruptive Israeli digital start-ups serving global markets. Its portfolio includes both direct investments in companies, as well as the incubation of its own ideas and the setup of start-ups.

Current investments include Tonara, a tablet app claimed to revolutionise the sheet music industry, the Wibbitz text-to-video service, the Zooz mobile payment service and MyPermissions, a program designed to administer the access of apps and services to personal information.