N&Q: Family office deals

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Deals

Blue Pool Capital, an investment office backed by two of China’s wealthiest individuals - the co-founders of Alibaba, Jack Ma and Joe Tsai - was the lead investor in a funding round worth $60 million for a Californian virtual reality developer called Lytro.

Vulcan Capital, the investment part of Microsoft co-founder Paul Allen's family office, has invested in a construction startup called Unearth. Vulcan was one of two investors committing $3 million to the venture.

Omidyar Network, an investment office owned by the US-based Omidyar family, has made two investments in two days in social-impact startups in India - Doubtnut and Henlofy. Since the beginning of the year, Omidyar has backed eight startups, most of which have a strong social element to their businesses.

Wu Capital, one of China’s biggest family offices, has backed a content sharing platform startup called Youyang. Wu was the only backer of a Series A funding round worth $9.5 million.

Langdell Investments, a California-based family office, was one of five investors in an insurance broker startup called Kelly Klee. Langdell and the other investors backed the startup with $4.5 million in seed capital.