Octopus Ventures announced the appointment of mobile gaming entrepreneur Eyal Rabinovich, who co-founded the Israeli game publisher PlayScape at age 24. The London-based VC firm recently raised an additional £100 million, £75 million of which is earmarked for investment in early-stage European entrepreneurs.
Photo of Eyal Rabinovich courtesy of Octopus Ventures.
Octopus Ventures, a leading London-based venture capital investor and part of the Octopus group, today announces that mobile gaming entrepreneur and INSEAD-alumni Eyal Rabinovich has joined the investors best known for backing Zoopla Property Group, Secret Escapes, SwiftKey and graze.com.
Eyal brings 13 years of technology industry experience to the role, having co-founded the Israeli-based data-driven games publisher PlayScape. Eyal’s appointment comes just weeks after the news that Octopus has raised an additional £100 million, of which they plan to invest £75 million into early stage European entrepreneurs over the coming year.
Having co-founded PlayScape in 2008 at the age of 24, Eyal and two other co-founders grew the business to 40 employees, with 70 million users across more than 25 countries. During this time PlayScape raised more than $16 million from global investors and as VP for Business Affairs, was responsible for establishing strategic partnerships with the likes of Google, Amazon, NTT DoCoMo and Orange, as well as managing digital marketing and business development activities.
Alex Macpherson, head of Octopus Ventures, commented: “As the European entrepreneurial market continues to develop, we think the role of investors in supporting a business throughout its growth journey will be crucial. It’s great to have Eyal on board and we look forward to benefiting from his hands-on entrepreneurial experience as we look to identify and support the people building impressive businesses.”
Eyal Rabinovich of Octopus Ventures also commented: “I am pleased to be joining the Octopus Ventures team and am looking forward to being part of the London and European technology ecosystem, while keeping an eye on the Israeli startup scene. The developments in recent years, particularly in the UK, have been significant in terms of access to funding, business support and entrepreneurial ambition. I’m excited to now have the opportunity to use my technology experience to help support others as they build the businesses of the future.”
About Octopus Ventures
Octopus Ventures is a London based venture capital firm, focused on backing unusually talented entrepreneurs. We have been fortunate enough to work with the founding teams of over 60 companies, including Conversocial, graze.com, LoveFiLM, Property Partner, Secret Escapes, Sofar Sounds, SwiftKey, Swoon Editions, Uniplaces, tails.com, Zoopla Property Group and Zynstra.
We can invest from £250,000 to £25 million in a first round of funding and will look to follow in subsequent rounds. We are proud to be known as one of the most entrepreneur friendly investors in Europe. A significant part of our portfolio consists of referrals from teams we have already invested in or serial entrepreneurs who we have previously backed.
Octopus Ventures is part of the Octopus group, one of the UK’s fastest growing investment management companies with more than £5.5 billion of assets under management.