Ashton Kutcher is making headlines over his newest investment in an Israeli startup.
Kutcher’s VC firm Sound Ventures is backing an Israeli startup called Moovit, a crowdsourcing transit app.
“We’re extremely proud to have Sound Ventures behind us as we continue to grow rapidly,” said CEO Nir Erez. “Investments like these help us to bring more public transit options to markets in need, like India and China, as well as to continue to strengthen our active community of editors around the world.”
Best known as Hollywood’s goofy heartthrob from hits like “That 70’s Show” and “Dude, Where’s My Car”, this Kabbalah enthusiast is also an avid investor in more than 30 startups through his A-Grade Investments venture capital fund, which he co-founded with Israeli entrepreneur and Madonna’s manager, Guy Oseary.
During his fourth trip to Israel last year, Kutcher not only scouted for companies to invest in, but also hosted an event focused on Israeli startups which drew more than one thousand attendees. Kutcher praised Israel for being the epicenter of Internet innovation, and has plans to open his own Tel Aviv incubator in the startup nation.