Deutsche sisters lead $3m round for GOU Lite

DB Ventures and ABS Ventures invest in Israel’s seventh fastest growing hi-tech firm.

DB Ventures and US sister fund ABS Ventures have led a $3m investment in GOU Lite, an Israeli optical laser firm.

DB Venture Partners is the European venture capital arm of DB Capital Partners; ABS Ventures is the venture capital arm of Deutsche Banc Alex Brown.

GOU Lite will use the money to develop its virtual pen, a digital pen, and develop strategic alliances with mobile technology companies.

In a survey, professional services firm Deloitte & Touche ranked GOU Lite the seventh fastest growing technology company. GOU Lite had previously received $4m from STI Ventures and Startupfactory.

DB Venture Partners focuses its $897m fund on European hi-tech companies. Other investments include NetQuartz, Adeptra, End2End, Wireless Systems International and Yada Yada. ABS Ventures invests about $100m a year in hi-tech companies and often takes the role of lead investor.