For all the startups all across the globe Dave McClure’s 500 Startups has invested in so far, the fund has never backed an Israeli company.
Until now, that is, because app permission monitoring and privacy protection software developer MyPermissions has raised a $1 million seed round led by 500 Startups, lool Ventures and 2B Angels, with participation from Plus Ventures and angel investor Robby Hilkowitz.
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You may remember that we wrote a profile on MyPermissions after I visited their Tel Aviv offices last year.
If you missed it: I basically said you should try out their service if you’re a Facebook user. Which, let’s face it, you probably all are.
Basically, MyPermissions gives people more control over how applications for Facebook, Twitter, LinkedIn and a slew of other social media services access their personal data on the Web and mobile platforms.
Not only does the company’s software products scan for such applications, but it also lets users ‘clean them up’, i.e. revoke or at least reduce access to all kinds of personal data.
500 Startups founding partner Dave McClure, who once run fbFund, an accelerator/incubator for Facebook platform applications, says:
“500 Startups is excited to be involved in MyPermissions. They are solving a real problem regarding consumer privacy during a time when most of us are participating in social networks.”
McClure also says to expect more investments in Israel and other countries in the Middle East from 500 Startups in the future.
Image credit: Thinkstock
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