|By Marketwired .||
|December 9, 2013 12:00 AM EST||
PALO ALTO, CA -- (Marketwired) -- 12/09/13 -- SparkLabs Global Ventures (http://www.sparklabsglobal.com), a global seed-stage fund, announces that Brian Behlendorf, Co-founder of the Apache Project and Managing Director at Mithril Capital Management, and Jonathan Teo, a venture capitalist who invested in companies such as Twitter, Instagram and Snapchat, joined as advisors to their fund.
"It's really a privilege to have Brian and Jonathan as advisors not only because of their incredible accomplishments, but how they reflect the vision of our fund. Brian serving as CTO of the World Economic Forum, being co-creator of Apache Server Software that the majority of the world's websites run on, and a pioneer in the open source movement matches our global footprint and desire to help entrepreneurs all over the world. Same with Jonathan and his ability to identify billion dollar companies (Twitter, Instagram, Snapchat), so early in their lifecycles," explained Frank Meehan, Co-founder and General Partner of SparkLabs Global Ventures.
SparkLabs Global Ventures also announces its first two investments out of their global angel fund. $400,000 invested into LawPal and $500,000 invested into Memebox. LawPal (www.lawpal.com) is a legal services platform focusing on changing the way lawyers work with their clients. SparkLabs Global Ventures joins Peter Thiel, who led the investment round, in helping LawPal execute on their mission to revolutionize the delivery of legal services. Memebox (www.memebox.com) is the current online leader for beauty products in South Korea, which is the third largest women's cosmetic market and the largest for men's cosmetics in the world.
"The response to our seed-stage fund has been overwhelming and our first two investments are examples of the quality of entrepreneurs we've been approached by throughout the globe. We love both groups of these founders who are brilliant, hard-working and execute extremely well. We look forward to working with LawPal and Memebox in the coming years," stated Net Jacobsson, Co-founder & General Partner of SparkLabs Global Ventures.
About SparkLabs Global Ventures
SparkLabs Global Ventures is a new seed-stage investment fund. We believe business is now truly global, but most investors are not. Exceptional entrepreneurs that are building strong, category defining companies can be found anywhere. SparkLabs Global is a team of highly experienced entrepreneurs and operators based in London, Tel Aviv, Seoul, Singapore and Palo Alto, CA that will focus on helping our entrepreneurs to develop, grow, network, and scale into other markets throughout the world. For more information, please visit www.sparklabsglobal.com