N&Q: Family business index launched; family office deals

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Family business index

The Vienna Stock Exchange has launched a family business index called ATX Family. The stock exchange says the new index is designed to be a barometer for the biggest family businesses listed on the exchange. The index includes companies in which the founding family, the management board members or the supervisory board members hold stakes ranging from 25% to 75%. The index currently features 14 companies across a broad mix of industries.


Family office deals

Indian robotics startup Planys Technologies has been backed by two family offices. MEMG Family Office and Pratithi Investment Trust have backed the Chennai-based venture with a Series A funding round worth Rupee 6.8 million.

European Eiffel Group, an investment group controlled by Jacques Veyrat, a prominent French entrepreneur, has backed with one other investor an Israeli-based startup called BLender, with a funding round worth $16 million.

Venture firm Square Peg Capital, which is backed by one of Australia’s wealthiest families, has funded a startup called AgriDigital with a Series A funding round worth $5.5 million.

The venture arm of SAR Group Family Office, which is owned by Rakesh Malhotra, founder of the Indian telecoms SAR Group, has backed a local startup called CoLive. The venture group Ncubate Capital Partners-backed the startup with a seed round with $1.8 million.