# lool ventures
lool ventures is an Israeli seed-stage venture capital firm founded in late 2012 by Avichay Nissenbaum (אביחי ניסנבוים) and Yaniv Golan (יניב גולן), two founders and operators turned investors.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) The firm leads seed rounds for Israeli founders, reserves capital to follow its investments through Series A and B, and does not lead Series A rounds.[2](https://www.lool.vc/about/) Its most recent fund on record is lool III, a $100.1 million seed fund whose $60 million first close was announced in December 2021, when the firm reported total assets under management of $200 million.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337)
| Key fact | Detail |
|---|---|
| Founded | Late 2012, by Avichay Nissenbaum and Yaniv Golan[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) |
| Base and focus | Israel; seed-stage venture capital[2](https://www.lool.vc/about/) |
| Partners on record | Nissenbaum, Golan, and Tony Saigh (promoted to partner December 2021)[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) |
| Latest fund | lool III: $60M first close of a $100.1M target, December 2021[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) |
| Total AUM | ~$200 million at the December 2021 first close[4](https://www.privateequitywire.co.uk/lool-ventures-holds-first-close-usd100m-seed-fund/) |
| Fund pace | Approximately 20 companies through lool III, mostly led seed rounds[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) |
| Status | Active per the December 2021 fund announcement; unverified aggregator data indicate new investments into 2026[5](https://www.cbinsights.com/investor/lool-ventures) |
## History and people
The firm was started in late 2012 by Avichay Nissenbaum and Yaniv Golan, both described as founders and operators who moved into investing.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/)
**Tony Saigh** joined in 2018 as VP Value Creation, a role the firm says made lool the first seed fund in Israel with a dedicated team member for value creation.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) Saigh had been one of Skype's first mobile hires in 2005; the firm notes Skype's mobile user base grew from zero to 100 million before Microsoft's $8.5 billion acquisition of Skype, announced in May 2011 and completed in October 2011.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) • [7](https://techcrunch.com/2011/10/14/skype-officially-becomes-a-microsoft-business-division-as-8-5b-deal-closes/) In December 2021, alongside the lool III announcement, lool promoted Saigh to partner.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337)
## Strategy and model
lool's stated approach is to lead the seed round at the very start of a company's journey and to aim to get from first meeting to a term sheet within four weeks.[2](https://www.lool.vc/about/) The firm describes itself as anti-thematic by design, selecting founders on team, business potential, and impact rather than industry vertical.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) It does not lead Series A rounds but reserves capital to follow its investments.[2](https://www.lool.vc/about/)
According to the firm's own materials, it supports portfolio companies to achieve product-market fit within 18 months of investment and offers a comprehensive "Seed to Series A" program aggregating its knowledge and experience.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) • [2](https://www.lool.vc/about/) Founders also invested in the first close of lool III through what the firm calls the lool Collective.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/)
## Funds
Aggregator data record three funds: Lool Ventures LP (November 30, 2013), Lool II Ventures (May 11, 2017), and lool ventures III (December 7, 2021); amounts for the first two funds are undisclosed.[5](https://www.cbinsights.com/investor/lool-ventures)
**lool III** is the firm's largest fund on record. The firm announced a $60 million first close of a $100.1 million seed fund in December 2021.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) Trade press reporting on the close stated the fund was targeting $100 million and would bring the firm's total assets under management to $200 million.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) • [4](https://www.privateequitywire.co.uk/lool-ventures-holds-first-close-usd100m-seed-fund/) Through lool III the firm planned to invest in approximately 20 companies, in most cases leading seed rounds, with reserved follow-on capital through Series A and B.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/)
First-close investors included Israeli institutional investors, family offices, high-net-worth individuals, and founders investing through the lool Collective.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) Whether the final close reached the $100.1 million target is not recorded in reputable sources.
## Portfolio and track record
Companies the firm names among its portfolio include Beewise, NoTraffic, Lightico, Fl!p, and Medisafe.[1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/) The firm's announcement also names LawGeex among its portfolio companies.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) The firm's own portfolio page records that if(we), founded by Dr. Alan Bekker and Einav Itamar, and backed by lool in 2018, was acquired by [Snap Inc.](https://www.edgepedia.org/snap-inc) in 2021; this is the firm's own claim.[6](https://www.lool.vc/portfolio/)
lool's performance figures are self-reported. The firm states that lool II achieved a ~70% Seed to Series A conversion rate, expected to exceed 80%, placing it above the top quartile of seed funds, and describes lool II as a top quartile fund by Net IRR.[3](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337) • [1](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/)
## References
1. [lool Ventures Close Seed Fund — TechRound](https://techround.co.uk/news/lool-ventures-partnership-announces-seed-fund/)
2. [About Us — lool ventures](https://www.lool.vc/about/)
3. [Announcing our $100.1m Seed Fund — lool ventures (firm announcement)](https://talk.lool.vc/announcing-our-100-1m-seed-fund-partnering-with-israels-best-founders-from-day-one-464a713b4337)
4. [lool ventures holds first close of USD100m seed fund — Private Equity Wire](https://www.privateequitywire.co.uk/lool-ventures-holds-first-close-usd100m-seed-fund/)
5. [Lool Ventures Portfolio Investments, Funds, Exits — CB Insights (aggregator, unverified)](https://www.cbinsights.com/investor/lool-ventures)
6. [Our Portfolio — lool ventures](https://www.lool.vc/portfolio/)
7. [Skype officially becomes a microsoft business division as 8 5b deal closes (techcrunch.com)](https://techcrunch.com/2011/10/14/skype-officially-becomes-a-microsoft-business-division-as-8-5b-deal-closes/)
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of Europe, the Middle East, and Africa › Venture capital firms of Israel and the Middle East*
*Initially written Sep 17, 2026 · Reviewed: Sep 18, 2026; Sep 30, 2026 · Edited: Sep 18, 2026; Sep 30, 2026; Oct 11, 2026 · Last review: Sep 30, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license