Moshe Hogeg’s Singulariteam has paid more than $5 million for the rights to the domain name “invest.com” according to a report in Forex Magnates. The company did so in order to penetrate the forex industry with an all assets brokerage site.
Hogeg is best known for having invested $200, 000 in the messaging app Yo!, and is the is the CEO and Founder of Mobli, a social mobile photo and video-sharing website with over 22 million users .
Founded in 2012 and headquartered in Tel Aviv with 4 offices located around the globe, Singulariteam states that it acts as a super angel investor. The fund focusses on investing in advanced, new and disruptive technologies.
The company declares its mission to be to, “discover, empower, support and innovate people with groundbreaking ideas that will impact the world we live in.” It invests in people who it says are not afraid to challenge conventional wisdom. People who, “harness personal leadership and cutting-edge technologies to invent and create the previously unthinkable. People with the ability to turn dreams into reality. People with execution capabilities. People who dare to dream the future.”
Singulariteam’s CEO is Adi Sheleg, was a fund manager, Proprietary Trading firm manager and Arb Trading desk manager for various groups, including Lehman Brothers and Gilon Investments.