Announcing our 1st investment: bp Interactive Technologies

What a great 3rd post! We are announcing our first investment today. 6 months after the launch of LGiLab 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.

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.