Microsoft Ventures has made a seed fund investment in mobile collaboration app Zula. Founded by chairman Jeff Pulver and CEO Jacob Ner-David, Zula streamlines mobile communication and productivity.
Microsoft Ventures general manager Rahul Sood said, "Improving team collaboration on mobile devices has a huge potential for customers of all sizes. Zula has created a brilliant app that brings your team together in a seamless way to get more work done."
To date, Zula raised $750,000 from OurCrowd, Kima Ventures, Gigy Levy, and others. No details were disclosed about the size of Microsoft Ventures investment but media sources suggest it was several hundred thousand dollars at most.
Pulver said, "We started with a focus on our team and how we could make it easier to collaborate on projects. We wanted a simple way to connect, share documents and make group calls that was built for a mobile team."
The proceeds will be used to develop new features for the app.
Published by Globes [online], Israel business news - www.globes-online.com - on November 20, 2013
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