lool ventures, an early stage investor backing mission-driven Israeli-founders, has held the first close at USD60 million of its third fund (lool III) which is targeting USD100 million, bringinf the firm’s total AUM to USD200 million.
Through lool III, the firm will look to invest in approximately 20 companies, in most cases leading Seed rounds, whilst reserving capital to follow on through Series A and Series B. lool II is a top quartile fund by Net IRR and its companies already outperform the market with a 70 per cent “Seed to Series A” conversion rate.
