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Nov
01

Announcing our 1st investment: bp Interactive Technologies

Posted by ouriel ohayon | Permalink | TrackBack (6) | +del.icio.us | +digg

BpintechWhat a great 3rd post! We are announcing our first investment today. 6 months after the launch of we are proud to have completed our first operation in bp interactive technologies, a new very innovative fantasy sport service.

The very young founders, Tal Ben Simon and Tomer Pascal (picture below) impressed us from day one by their deep understanding of this huge industry, by their professionalism and their execution skills. We can’t say much for now about the company which is preparing a great new service. Here is a hint:

The company's first project, currently known as "playSPEX- The Sports Exchange", will revolutionize the way sports fans and fantasy sports players from around the world enjoy the exciting feeling of being "part of the game". 

The company is still very young and the product will be launched next year. Now for us the real challenge starts as bp intech will have to face competition with heavy players like ESPN, Fox and Yahoo. We believe there is room for an innovative player, at least we will work hard on it to proove it.

Tal&Tomer

The english Press Release is here and the hebrew one is here. Guy Grimland from The marker already covered the story (in hebrew) as well as TheGlobes. More also on the AlarmClock and Thecoils (hebrew)

Expect more soon. 

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Listed below are links to weblogs that reference Announcing our 1st investment: bp Interactive Technologies:

» Lightspeed and Gemini Betting on Fantasy Sports from De Gardener
Too bad that all the people who know how to run this country are busy driving taxis and cutting hair.- George Burns Millions of addicts play fantasy sports all over the world, yours truly included. We trade, follow and manage virtual tea... [Read More]

» 2nd good news of the day: our first investment at LGiLab from MYBLOG by Ouriel
After the launch of LGiLab blog this morning, here is the second good news. We are announcing our first internet seed investment in bp interactive technologies, a new innovative fantasy sports service that will launch next year (it is only [Read More]

» LGILab - New Blog... and a First Investment from Treading the VC waters
LGILab - The Lightspeed-Gemini Internet Lab is basically a joint venture between Lightspeed Venture Partners and Gemini Israel dedicated to seed investment in very early stage internet Israeli start-up. They've been running for a few months, headed by ... [Read More]

» LGILab - New Website (Blog)... and a First Investment from Treading the VC waters
LGILab - The Lightspeed-Gemini Internet Lab is basically a joint venture between Lightspeed Venture Partners and Gemini Israel dedicated to seed investment in very early stage internet Israeli start-up. They've been running for a few months, headed by ... [Read More]

» LGILab - New Website (Blog)... and a First Investment from Treading the VC waters
LGILab - The Lightspeed-Gemini Internet Lab is basically a joint venture between Lightspeed Venture Partners and Gemini Israel dedicated to seed investment in very early stage internet Israeli start-up. They've been running for a few months, headed by ... [Read More]

» Lgilab: A new deal from Israel Venture Capital 2.0
This week was a very important week for the Lightspeed Gemini Internet Lab. After a few months of work, we are finally under way with some great investments. Yesterday we announced our first deal: BP Interactive Technologies. The company's first [Read More]

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