Initial Capital Launches to Invest in Seed Deals in Israel and Brazil

In February, we wrote about Lool Ventures a new Israeli seed fund looking to fill the country's surprising void for true seed-stage funding and mentorship. Today, another one is launching. It's called Initial Capital, but it has a strange twist: The firm will also be investing in seed deals in Brazil. There aren't many obvious synergies between those two markets. Israel has a deep entrepreneurial culture; while Brazil is only recently associating entrepreneurs with something other than the villains in telenovelas. Meanwhile, Brazil has a massive market full of domestic opportunities, while Israel typically has to build companies for other markets.

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